2400 Maple Avenue

Los Angeles, CA 90011

$1,360,000
Last Sold Price
8
Beds
8
Baths
4,352 Sq. Ft.
$313 / Sq. Ft.
4,352
Sq. Ft.
$313
per Sq. Ft.

Description

Iconic Investments is pleased to offer for sale Las Villas Apartments, an 8-unit apartment building located just south of Downtown LA. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue, between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 Sq. Ft. on a 7,510 Sq. Ft. lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bed/one-bath units,...Iconic Investments is pleased to offer for sale Las Villas Apartments, an 8-unit apartment building located just south of Downtown LA. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue, between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 Sq. Ft. on a 7,510 Sq. Ft. lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bed/one-bath units, three of which were converted into one-bed/one-bath + a bonus room. The bonus room can function as an additional bedroom. Efficient use of space and the privacy afforded by the classic bungalow design make the units seem larger. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Las Villas is in close proximity to Downtown LA, USC, Culver City, Inglewood and Koreatown.
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments
  2. Listed by Peter Strauss • DRE #01335696 • Brokerage DRE #01229985 • Iconic Investments

Property Details for 2400 Maple Avenue

Zoning
LAC1.5
Style
Spanish
Parcel Number
5127013012
Total Units
8.0
Living Area
4352
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Iconic Investments, Peter Strauss, DRE #01335696

Sold By Rodeo Realty, Ron Tanzman, DRE #01292685

Add your commute
LISTING UPDATED: 03/02/2022 03:05 PM

Property Details for 2400 Maple Avenue

StatusSold
MLS #21-112207
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.17 AC / 7,511 SF
CountyLos Angeles County

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Iconic Investments, Peter Strauss, DRE #01335696

Sold By Rodeo Realty, Ron Tanzman, DRE #01292685

Add your commute

Building Information for 2400 Maple Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,511 SF

Payment Calculator

$8,903 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,422

Property Taxes

$1,481

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2400 Maple Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $109,613
  • Net Operating Income: $75,442.00
  • Gross Income: $109,019
  • Cap Rate: 5.61%
  • Gross Rent Multiplier: $11.97
  • Actual Annual Gross Rent: $112,390.00
  • Actual Gross Annual Income: $109,019
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 34171
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1724
  • Lot Size Square Feet: 7511
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall Gas
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-15-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,171.00
  • Unit Actual Rent: $9,366.00
  • Unit Projected Rent: $14,360.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $378,885.00
  • Assessed Improvement Percent: 38.46
  • Assessed Land Value: $606,216.00
  • Assessed Land Percent: 61.54
  • Assessed Total Value: $985,101.00

Property History for 2400 Maple Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2400 Maple Avenue

Taxable ValueLand$877,200Additions$510,000Total$1,387,200
Tax Record2023$17,776 ($1,481 / month)
Home Facts
Total Finished SqFt4,352 SqFtAbove Grade Finished SqFt4,352 SqFtLot Size7,511 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAC1.5CountyLOS ANGELESAPN5127-013-012

Schools near 2400 Maple Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Iconic Investments, Peter Strauss, DRE #01335696

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.