Mixed-Use Property with
For Sale
$1,150,000
2922 -2924 Maple Avenue, Los Angeles, CA 90011
Includes a tenant-occupied commercial area and residential units.
Property Size4,412 SF
Price / SF$260.65
Days on Market48
Property Features for 2922 -2924 Maple Avenue
General Information
Standard status
Active
Size
4,412 SF
Total Parking Spaces
8
Site & Location
Neighborhood
Historic South-Central
Amenities
gated parking
Listing Agency:
Real Brokerage Technologies, Inc.
(855) 450-0442
Listed By:
Abigail Yeboah
(562) 350-7347
Source:
Tfregroup
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 3 at 6:09AM
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 Brokerage Technologies, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 4,412 square feet of storefront commercial space with residential units at 2922–2924 Maple Avenue. The commercial portion is occupied under a lease with approximately one year remaining, while the residential component includes a two-bedroom unit and a potential three-bedroom vacancy.
A replacement roof completed approximately four years ago is among the property’s major capital improvements. Gated parking behind the building accommodates approximately seven to eight vehicles, serving the commercial and residential components. The combination of leased storefront space, residential occupancy, and additional unit configuration creates a property with distinct commercial and residential elements.
A replacement roof completed approximately four years ago is among the property’s major capital improvements. Gated parking behind the building accommodates approximately seven to eight vehicles, serving the commercial and residential components. The combination of leased storefront space, residential occupancy, and additional unit configuration creates a property with distinct commercial and residential elements.
Key Highlights
- Approximately 4,412 square feet of mixed‑use space
- Storefront commercial area with approximately one year remaining on the existing lease
- Residential component includes a two‑bedroom unit and potential three‑bedroom vacancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,461
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,657
Businesses Nearby
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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 Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a tenant-occupied commercial area and residential units.
Where is this mixed-use property located?
The property is located at 2922 -2924 Maple Avenue 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 space; Storefront commercial area with approximately one year remaining on the existing lease; Residential component includes a two‑bedroom unit and potential three‑bedroom vacancy
