2922-2924 Maple Ave
Retail | 6.16% CAP | 4,412 SqFt
Marketing description
2922–2924 Maple Ave presents a mixed-use investment opportunity in Los Angeles featuring ground-floor commercial space and residential rental income. The downstairs commercial space totals approximately 1,800–2,000 SF and is leased at $5,000/month, with a scheduled increase to approximately $5,500/month and about one year remaining on the current lease term. The residential component includes a 3-bedroom unit rented at $3,100/month and a 2-bedroom unit rented at $1,950/month, with the 2-bedroom unit offering potential upside to approximately $2,600/month. The 3-bedroom tenant may be vacating, creating future repositioning potential. The property also benefits from a roof replacement completed approximately four years ago and gated parking for approximately 7–8 vehicles.
Investment highlights
- Roof was completely redone approximately four years ago, and the property includes gated parking for approximately 7-8 vehicles.
- Downstairs commercial space of approximately 1,800-2,000 SF is currently leased at $5,000/month with a scheduled increase to approximately $5,500/month.
- Commercial tenant has approximately one year remaining on the current lease term, providing near-term income security.
- Existing residential units include a 3-bedroom unit rented at $3,100/month and a 2-bedroom unit rented at $1,950/month.
- 2-bedroom unit offers potential upside to approximately $2,600/month, while the 3-bedroom tenant may be vacating, allowing for repositioning opportunities.
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