Two Buildings in Opportunity
1024-1030 Maple Ave Los Angeles, CA 90015
1024-1030 Maple Ave, Los Angeles, CA, 90015
$11,000,000
For Sale
$11,000,000
Two buildings on separate parcels with existing income in DTLA.
Property Size46,849 SF
Price / SF$234.80
Days on Market176
Property Features for 1024-1030 Maple Ave
General Information
- Standard status
- Active
- Size
- 46,849 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1929
Listing agency
Lee & Associates - Los Angeles - Central
(323) 767-2113
Listed by
Jim Halferty · License #CalDRE #01212024
Source
Lee-associates
Added: Jan 26 Updated: Jul 6 at 9:34AM Checked: Jul 21 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Los Angeles - Central
Investment Insights
Based on property information with market context.
Two buildings situated on separate parcels feature concrete and brick construction. The properties are located in an Opportunity Zone and offer rear alley access. Each building is equipped with a freight elevator, and the second floor includes skylights. Multiple tenants are currently in place, generating existing income. The location in Downtown Los Angeles provides quick access to freeways. A change of use is a strong possibility in the future. The cross streets are E Olympic Blvd and E 11th St. The total property size is 46849 square feet.
Key Highlights
- Excellent DTLA Location with Strong Potential for Change of Use
- Two Buildings on Separate Parcels
- Multiple Tenants in Place with Existing Income
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $888.3k | $18.96 |
| − Vacancy | −$56.8k | −$1.21 |
| EGI | $831.4k | $17.75 |
| − OpEx | −$249.4k | −$5.32 |
| NOI | $582.0k | $12.42 |
46,849 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$15.89M
$13.90M – $18.53M
NOI $1,112,019 @ 7.0% cap · market cap 10.11%
Second Best
Retail
$15.53M
$13.59M – $18.12M
NOI $1,087,233 @ 7.0% cap · market cap 9.88%
Theoretical Best
Multifamily LT 5
$949.13M
$830.49M – $1,107.32M
NOI $66,439,283 @ 7.0% cap · market cap 603.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Two buildings on separate parcels with existing income in DTLA.
Where is this industrial property located?
The property is located at 1024-1030 Maple Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Excellent DTLA Location with Strong Potential for Change of Use; Two Buildings on Separate Parcels; Multiple Tenants in Place with Existing Income
