Manufacturing/Warehouse Facility with Billboard
For Sale
Contact for pricing
3610-3612 Maple Ave, Los Angeles, CA 90011
Clear span facility ideal for owner/user with income potential.
Property Size12,200 SF
Price / SF$188.52
Days on Market3491
Property Features for 3610-3612 Maple Ave
General Information
Standard status
Active
Size
12,200 SF
Property subtype
Industrial
Building Details
Year Built
1924
Listing Agency:
Major Properties
(310) 880-2329
Listed By:
Anthony Behar · License #CA 01368565
Source:
Crexi
Added: Jan 24, 2017
Changed: Jul 10
Last Checked: Aug 15 at 8:11AM
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 Major Properties
Investment Insights
Based on property information with market context.
This property features a clear span light manufacturing and warehouse facility. The site includes a 7,200-square-foot, one-story building at the front and a 5,000-square-foot, two-story building at the rear. The property is suitable for an owner/user. The rear portion of the property is currently occupied by a tenant on a month-to-month basis. The property also generates income from a billboard. It features heavy power service with separate meters and secure, gated on-site parking. The property is located at the northeast corner of Maple Avenue and 37th Street, half a mile east of Exposition Park, Memorial Coliseum, and BMO Stadium, and one and a half miles south of Downtown Los Angeles and the Santa Monica (I-10) Freeway. The site is zoned [Q]R4-1, a multi-family residential zoning designation that allows one apartment or condominium for each 400 to 800 square feet of land. Development size is limited by a maximum building height of two stories or 30 feet, a maximum floor-area-ratio (FAR) of 1.5 times the lot size, and a minimum on-site parking requirements of one space for each unit.
Key Highlights
- Ideal for owner/user with existing tenant providing immediate income
- Heavy power service with separate meters suitable for manufacturing/warehouse
- Secure gated onsite parking
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
$187,178
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
8.14%
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%
$3,743,560
$3.7M
Cap Rate 7%
$2,673,971
$2.7M
Cap Rate 9%
$2,079,756
$2.1M
Market Conditions
NOI Build-Up for 12,200 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
$231.3K $18.96/SF
− Vacancy
−$11.1K −$0.91/SF
EGI
$220.2K $18.05/SF
− OpEx
−$33.0K −$2.71/SF
NOI
$187.2K $15.34/SF
Area
ZIP 90011
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$3,743,560
Cap Rate 7%
$2,673,971
Cap Rate 9%
$2,079,756
Alternative Uses
Best Use
Warehouse
$2.67M
$2.34M – $3.12M
NOI $187,178 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$2.17M
$1.89M – $2.53M
NOI $151,556 @ 7.0% cap · market cap 6.59%
Theoretical Best
Multifamily LT 5
$247.16M
$216.27M – $288.36M
NOI $17,301,527 @ 7.0% cap · market cap 752.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Clear span facility ideal for owner/user with income potential.
Where is this manufacturing property located?
The property is located at 3610-3612 Maple Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Ideal for owner/user with existing tenant providing immediate income; Heavy power service with separate meters suitable for manufacturing/warehouse; Secure gated onsite parking
