1020 Maple Ave - Storefront FOR SALE


Los Angeles, CA 90015- Fashion District
$1,950,000 USD
818-292-3175
1020 Maple Ave, Los Angeles, CA for Sale
$1,950,000 USD
Storefront - FOR SALE
1/12
null | 7.46% Cap Rate

1020 Maple Ave
Los Angeles, CA 90015
Fashion District


HIGHLIGHTS

  • Prime Fashion District Location
  • Strong In-Place Cash Flow
  • Immediate Value-Add Opportunity
  • Below-Market Acquisition Basis
  • Diversified Tenant Roster with Lease Term Stability
  • Flexible M2 Zoning and Owner-User Potential

OVERVIEW

1020 Maple Avenue is a ±6,800-square-foot, single-story multi-tenant retail building constructed in 1952 on a ±7,405-square-foot parcel in the heart of Downtown Los Angeles’ Fashion District, one block from Santee Alley and blocks from the California Market Center. The building is divided into four storefront units of approximately 1,700 square feet each, with approximately 68 feet of frontage along Maple Avenue. Three of the four units are leased to long-standing apparel and fashion tenants under leases extending through 2027 and 2028, generating $192,000 of annual scheduled income and $145,502 of net operating income — a 7.46% capitalization rate on the offering price achieved at just 75% occupancy, meaningfully above the submarket’s trailing twelve-month average of approximately 6.0%. The fourth unit is vacant and available for immediate lease-up, meaning the above-market yield is delivered with a quarter of the building held in reserve — a clear path to additional income without major capital investment. At $287 per square foot, the offering is priced below the $355-per-square-foot average and $393-persquare-foot median achieved by comparable Downtown sales — an attractive entry basis in a submarket where sales activity more than doubled year-over-year, from $44.1 million to $110.8 million, signaling renewed investor conviction in well-located Downtown retail. Flexible M2 zoning accommodates retail, showroom, and light-industrial uses, broadening the pool of prospective tenants and buyers — including owner-users, who may occupy the vacant ±1,700-squarefoot unit immediately while three established tenants contribute income toward the cost of ownership. With exceptional walkability, a dense and growing trade area of more than 55,000 residents within one mile, and in-place income from a diversified rent roll, 1020 Maple Avenue offers durable cash flow with embedded optionality in one of the region’s most active retail corridors.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1016-1020 Maple Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M2

APN/PARCEL ID

5145-019-004

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.