2108 Maple Ave Los Angeles, CA 90011

$3,240,000 Sold Price as of 07/29/2016

13 Beds
-- Baths
16,152 Sq.Ft.

Off Market

$3,240,000 Sold Price as of 07/29/2016 Refinance Your Mortgage

Map preview of 2108 Maple Ave, Los Angeles, CA 90011

Property Overview: 2108 Maple Ave Los Angeles, CA has 13 bedrooms, -- bathrooms, 16,152 living square feet and 8,820 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2108 Maple Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2108 Maple Ave

Last sold for $3,240,000 on July 29th, 2016

August, 2023
Aug 15, 2023

Date

Canceled

CRMLS: 23237039

$4,190,000

Price
Feb 1, 2023

Date

Active

CRMLS: 23237039

$4,190,000

Price
Listing provided courtesy of CRMLS

RENTAL INCOME: $355,308.00 per year / CAP RATE 4.6 % / GRM 11.8. Excellent opportunity to acquire a 26 unit apartment building in the Downtown LA area just south of the 10 Freeway. This 3-story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot zoned LAC2 which consists of thirteen 1 bed/1bath units and thirteen singles. This "bread and butter" building has a tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $161,538.00 cost per door / $259.00 cost per square foot. The property is several blocks south of the 10 Freeway on an excellent and quiet stretch of Maple Ave and directly across the street from the Santee Education Complex. The building is well taken care of and all units are mastered metered allowing for 6% percent rental increases. Excellent on-site management and positioned in the northwest area of the 90011 zip code and 1.5 miles from the Crypto.com Arena. Large 1,000 sq. ft. plus basement that can potentially be used as laundry area. Seller selects all services.

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June, 2021
Jun 24, 2021

Date

Expired

CRMLS: 20592850

$3,995,000

Price
Jun 23, 2020

Date

Active

CRMLS: 20592850

$3,995,000

Price
Listing provided courtesy of CRMLS

RENTAL INCOME: $351,348.00/year - $29,279.00/month. 4.2% CAP RATE - 11.4 GRM. We are pleased to present the opportunity to acquire a 26 unit apartment building in the Downtown L.A. area just south of the 10 Freeway. This 3 story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot which consists of thirteen 1 bed/1 bath units and thirteen singles. The building is currently generating $351,348.00 per year in rental income. This bread and butter building has a tremendous 30% upside potential and is perfect for the investor looking to add more units to their portfolio at a $153,653.84 cost per unit/$247.33 cost per square foot price.The building is well taken care of and all units are mastered metered allowing for 6% RENTAL INCREASES. The property is several blocks south of the 10 Freeway on an excellent and quiet stretch of Maple Ave and directly across the street from the Santee Education Complex. 6.6% PRO FORMA CAP RATE / 9.1 PRO FORMA GRM

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May, 2020
May 22, 2020

Date

Expired

CRMLS: 19466440

$4,050,000

Price
Mar 12, 2020

Date

Price Change

CRMLS: 19466440

$4,050,000

Price
Oct 28, 2019

Date

Price Change

CRMLS: 19466440

$4,140,000

Price
May 22, 2019

Date

Active

CRMLS: 19466440

$4,200,000

Price
Listing provided courtesy of CRMLS

REDUCTION! 3/01/2020 UPDATED RENTAL INCOME: $345,908.70 per year/$28,825.70 per month. We are pleased to present the opportunity to acquire a 26 unit apartment building in the Downtown LA area just south of the 10 Freeway. This 3 story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot which consists of thirteen 1 bed/1 bath units and thirteen singles. This "bread and butter" building has a tremendous 30% upside potential and is perfect for the investor looking to add more units to their portfolio at a low $155,769.23 cost per door and $250.74 cost per square foot. The building is well taken care of and all units are mastered metered allowing for 6% percent rental increases. Large 1,000 sq. ft. plus basement that can potentially be used as a laundry area. Excellent on-site management and positioned in the northwest area of the 90011 zip code.

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July, 2016
Jul 29, 2016

Date

Sold (Public Records)

Public Records

$3,240,000

Price
April, 2016
Apr 11, 2016

Date

Price Change

CRMLS: SB16075062

$3,323,000

Price
Listing provided courtesy of CRMLS

CASH FLOW ALMOST 6% . OVER 11% TOTAL! We have been quoted a 5 year fixed at 3.3% with only 25% down. This wood frame stucco property is master metered for gas and electric. Over $300,000 have been spent on upgrades by the current owner. With a great onsite manager, the property is easily maintained and quickly filled. The building is located within one mile of Staples Center, where some have said this is the most booming market in the country and could allow an investor to take advantage of the appreciation.

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September, 2013
Sep 30, 2013

Date

Sold (Public Records)

Public Records

$355,000

Price

Tax History for 2108 Maple Ave

Assessed Value (2020): $3,442,393

Year	Land Value	Improved Value	Assessed Value
2020	$679,173	$2,763,220	$3,442,393

About 2108 Maple Ave

Detailed summary of property

2108 Maple Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on July 29, 2016 for $3,240,000. This property has 13 bedrooms, -- bathrooms, roughly 16,152 living square feet, and sits on an approximately 8,820 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 189.29% higher than the current median priced home. 2108 Maple Ave was last sold on July 29, 2016 for $3,240,000. Local nearby listings include 1155 S Grand Ave #1014, 1155 S Grand Ave #402 and 1155 S Grand Ave #516. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 2108 Maple Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2108 Maple Ave

Public county record property details

Beds: 13
Baths: --
Year built: 1911
Sq. Ft.: 16,152
Lot Size: 8,820
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-3
APN: 5127-016-003

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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