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$294.65
Days on Market57
Property Features for 2922-2924 Maple Ave
General Information
Standard status
Active
Size
4,412 SF
Total Parking Spaces
8
Property subtype
Retail, Mixed Use
Additional Details
Business Included
Yes
Building Details
Year Built
1903
Listing Agency:
Rose&Co Group
Listed By:
Arie Rose · License #02206762
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 5 at 8:49AM
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 For Retail
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 | $163.1k | $36.96 |
| − Vacancy | −$3.8k | −$0.85 |
| EGI | $159.3k | $36.11 |
| − OpEx | −$47.8k | −$10.83 |
| NOI | $111.5k | $25.28 |
4,412 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$89.38M
$78.21M – $104.28M
NOI $6,256,913 @ 7.0% cap · market cap 481.30%
Second Best
Apartment 5plus
$78.00M
$68.25M – $91.00M
NOI $5,460,088 @ 7.0% cap · market cap 420.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,374
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
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 $1,299,999.
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)
