Mixed-Use Storefront
New
For Sale
$1,150,000
2922 -2924 Maple Ave, Los Angeles, CA 90011
Storefront retail space is combined with residential units and gated rear parking.
Property Size4,412 SF
Days on Market4
Property Features for 2922 -2924 Maple Ave
General Information
Standard status
Active
Size
4,412 SF
Property subtype
Commercial
Building Details
Building Size
4,412 SF
Year Built
1903
Units
3
Listing Agency:
Real Broker
(424) 421-4241
Listed By:
Erika Martinez · License #02206762
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 12:10PM
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 Real Broker
Investment Insights
Based on property information with market context.
This mixed-use property at 2922–2924 Maple Ave combines approximately 4,412 square feet of storefront retail and residential space. The commercial component is occupied under a lease with approximately one year remaining, while the residential portion includes a two-bedroom unit and a possible three-bedroom vacancy. Gated parking behind the property accommodates approximately seven to eight vehicles.
The roof was fully replaced approximately four years ago, providing a recent major building improvement. Located in Los Angeles, the property has a Walk Score of 85, a Bike Score of 82, and a Transit Score of 66, reflecting access to walking, biking, and public transportation options.
The roof was fully replaced approximately four years ago, providing a recent major building improvement. Located in Los Angeles, the property has a Walk Score of 85, a Bike Score of 82, and a Transit Score of 66, reflecting access to walking, biking, and public transportation options.
Key Highlights
- Approximately 4,412 square feet of mixed‑use retail and residential space
- Storefront commercial component has approximately one year remaining on its lease
- Residential layout includes a two‑bedroom unit and a possible three‑bedroom vacancy
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
Apartment 5plus
$78.00M
$68.25M – $91.00M
NOI $5,460,088 @ 7.0% cap · market cap 474.79%
Second Best
Retail
$1.59M
$1.39M – $1.86M
NOI $111,522 @ 7.0% cap · market cap 9.70%
Theoretical Best
Multifamily LT 5
$89.38M
$78.21M – $104.28M
NOI $6,256,913 @ 7.0% cap · market cap 544.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Storefront retail space is combined with residential units and gated rear parking.
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: Approximately 4,412 square feet of mixed‑use retail and residential space; Storefront commercial component has approximately one year remaining on its lease; Residential layout includes a two‑bedroom unit and a possible three‑bedroom vacancy
