2922 Maple Avenue, Los Angeles, CA
Home Details
This presents the perfect opportunity to invest in a consistent 4-unit property, including 2 storefronts and 2 apartments, security gated custom rod iron, all generating steady cash flow with growth potential. Monthly Pro Forma Rent is $9,108 with a 5.89% Pro Forma Cap rate. Additionally, featuring 4 uncovered parking spaces and situated on a corner lot for Maple, this property offers convenience and accessibility. Located in a burgeoning area with USC and BMO Stadium nearby, the potential for growth is evident. Don’t let this fantastic opportunity slip away from you.
Presented By: Dan Stueve with Equity Union;
Interior Features for 2922 Maple Avenue
Bedrooms
Total Bedrooms2
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesInside
Total Stories
General for 2922 Maple Avenue
Additional Parcels Y/NNo
AppliancesDisposal, Oven, RangeHood
Attached GarageNo
Buyer FinancingCash
Cap Rate5.56
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco, WoodSiding
CoolingWallWindowUnits
CountyLos Angeles
Days on Market8
DirectionsSee Map
Electric On Property Y/NNo
Full Baths
Garage Spaces3.0
Garage Y/NYes
Gross Income115200.0
HeatingNaturalGas
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4806.0
Lot Size UnitsSquareFeet
MLS AreaC42 – Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income86648.0
New ConstructionNo
NumberOfUnitsTotal2
Occupancy TypeTenant
Open Parking Spaces4.0
PossessionCloseOfEscrow
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysCableTv
TermsCash
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1903
ZoningLAR3
Exterior for 2922 Maple Avenue
Building Area Total4412.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1103
Lot Size Area4806.0
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking7.0
Mortgage Calculator
Payment Breakdown
PrincipalTaxesINS/PMI*
| Principal | +$7,574.14 |
|---|---|
| Taxes | +$593.54 |
| INS/PMI* | +$652.90 |
| Other | +$0.00 |
Total monthly payment = $8,820.57 | |
| Principal | Taxes | INS/PMI* | Other | Total | |
|---|---|---|---|---|---|
| Monthly | $7,574.14 | $593.54 | $652.90 | $0.00 | $8,820.57 |
| Yearly | $90,889.62 | $7,122.50 | $7,834.75 | $0.00 | $105,846.87 |
| Total | $2,726,688.70 | $213,675.00 | $235,042.50 | $0.00 | $3,175,406.20 |
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
