Mixed-Use Retail and Residential
For Sale
Contact for pricing
2922-2924 Maple Ave, Los Angeles, CA 90011
Ground-floor retail plus two residential units, supported by recent roof replacement and gated parking for shared vehicle storage.
Property Size4,412 SF
Price / SF$260.65
Days on Market103
Property Features for 2922-2924 Maple Ave
General Information
Standard status
Active
Size
4,412 SF
Total Parking Spaces
7
Property subtype
Retail, Mixed Use
Zoning
Mixed-Use Zoning
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$80,020
Additional Details
Business Included
Yes
Building Details
Year Built
1903
Units
4
Tenancy
Multi
Listing Agency:
Rose&Co Group
Listed By:
Arie Rose · License #02206762
Source:
Crexi
Added: Jun 11
Changed: Sep 16
Last Checked: Sep 21 at 5:04AM
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 Rose&Co Group
Investment Insights
Based on property information with market context.
2922–2924 Maple Ave is a mixed-use property in Los Angeles with ground-floor commercial space and residential rental income upstairs. The downstairs retail portion totals approximately 1,800–2,000 SF and is currently leased for $5,000 per month, with a scheduled increase to approximately $5,500 per month and about one year remaining on the current lease term. The residential component includes one 3-bedroom unit rented at $3,100 per month and one 2-bedroom unit rented at $1,950 per month, with potential to reach approximately $2,600 per month. The 3-bedroom tenant may be vacating, which could allow for future repositioning of that unit.
The property includes practical shared features for day-to-day use, including a roof replacement completed approximately four years ago and gated parking for approximately 7–8 vehicles.
For tenants, buyers, or operators seeking a combined retail and residential setup, this configuration offers the ability to balance ongoing commercial lease income with residential rent from two separate units. Prospective buyers can review the near-term retail lease schedule and the current residential rents, including the stated upside range for the 2-bedroom unit and the possibility of turnover for the 3-bedroom unit.
The property includes practical shared features for day-to-day use, including a roof replacement completed approximately four years ago and gated parking for approximately 7–8 vehicles.
For tenants, buyers, or operators seeking a combined retail and residential setup, this configuration offers the ability to balance ongoing commercial lease income with residential rent from two separate units. Prospective buyers can review the near-term retail lease schedule and the current residential rents, including the stated upside range for the 2-bedroom unit and the possibility of turnover for the 3-bedroom unit.
Key Highlights
- Built in 1903 with mixed‑use layout: ground‑floor commercial plus two residential rental units
- Ground‑floor commercial space totals approx. 1,800–2,000 SF, leased at $5,000/month with scheduled increase to approx. $5,500/month
- Residential income includes a 3‑bedroom unit rented at $3,100/month (tenant may be vacating, per remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,461
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,009,220
$2.0M
Cap Rate 7%
$1,435,157
$1.4M
Cap Rate 9%
$1,116,233
$1.1M
Market Conditions
NOI Build-Up for 4,412 SF
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.
Gross rent
$174.7K $39.60/SF
− Vacancy
−$14.0K −$3.17/SF
EGI
$160.7K $36.43/SF
− OpEx
−$60.3K −$13.66/SF
NOI
$100.5K $22.77/SF
Area
ZIP 90011
Vacancy
8.00%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,009,220
Cap Rate 7%
$1,435,157
Cap Rate 9%
$1,116,233
Alternative Uses
Best Use
Multifamily LT 5
$89.38M
$78.21M – $104.28M
NOI $6,256,913 @ 7.0% cap · market cap 544.08%
Second Best
Apartment 5plus
$78.00M
$68.25M – $91.00M
NOI $5,460,088 @ 7.0% cap · market cap 474.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail plus two residential units, supported by recent roof replacement and gated parking for shared vehicle storage.
Where is this mixed-use property located?
The property is located at 2922-2924 Maple Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 1903 with mixed‑use layout: ground‑floor commercial plus two residential rental units; Ground‑floor commercial space totals approx. 1,800–2,000 SF, leased at $5,000/month with scheduled increase to approx. $5,500/month; Residential income includes a 3‑bedroom unit rented at $3,100/month (tenant may be vacating, per remarks)
