2922 Maple Avenue, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,249,000$4,412/sqft
2922 Maple Avenue, Los Angeles, California 90011
0Bed
0Bath
4,412Sqft
4,804.11Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diversified Income Stream: Mixed-use property featuring two fully occupied residential units and a versatile ground-level commercial space, ensuring multiple and stable revenue sources.
Top Cons:
Significant Price Reductions: Multiple price drops from the original list price ($1.399M to $1.249M) indicate potential overvaluation or challenges in market appeal at previous price points.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1903 (123 years old).
Condition: Built in 1903, this mixed-use property shows significant age. While described as 'well-maintained' and fully occupied, the interior images reveal very dated conditions. The kitchen features old white cabinets, dated granite-look countertops, an older gas range, and a fluorescent light fixture, indicating a renovation likely 20-30+ years ago. Flooring is a mix of worn carpet, older laminate, and dated ceramic tiles. Basic, older light fixtures and visible window AC units suggest a lack of modern systems. The property is functional but requires substantial aesthetic and system updates to meet current quality standards.
Year Built
1903
Close
-
List price
$1.25M
Original List price
$1.4M
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
DW25124184
Home ConditionFair
Features
View-
About this home
HUGE PRICE REDUCTION, MOTIVATED SELLER, SEND US YOUR OFFER DON’T BE SHY, ALL OFFERS WILL BE REVIEWED!! DONT MISS OUT ON THIS COMPELLING INVESTMENT OPPORTUNITY! Located in one of Los Angeles fastest-growing neighborhoods. This well-maintained mixed-use property sits on a high-visibility corner lot near USC and BMO Stadium, offering outstanding accessibility and exposure. The property features two spacious apartments on the second floor, each with attractive views, providing excellent rental appeal for residential tenants. This property is fully occupied with good tenants, The ground level presents a versatile space suitable for a storefront, office, or small business, enhancing the property’s income-generating potential. This area is undergoing significant revitalization, with new developments and infrastructure improvements driving increased demand and property values. The neighborhood's rapid transformation makes this an ideal time to invest, whether you're an experienced investor seeking a stable asset with upside potential or a first-time buyer looking for a property with both residential and commercial components. With strong rental income, room for growth, and a location poised for appreciation, this Maple Avenue property represents a rare opportunity to acquire a cash-flowing asset in a prime Los Angeles location.
M
Ma De La Luz Zavala
Listing Agent
Nearby schools
5/10
Dolores Huerta Elementary School
Public,•K-5•0.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.4mi
/10
Maple Primary Center
Public,•K-1•0.4mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.5mi
3/10
Trinity Street Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.7mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.9mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.0mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.5mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
2/10
John W. Mack Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.0mi
4/10
John Adams Middle School
Public,•6-8•0.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.1mi
3/10
George Washington Carver Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•2.7mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.7mi
5/10
Santee Education Complex
Public,•9-12•0.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.6mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
11/23/04
Sold
$340,000
Condition Rating
Fair
Built in 1903, this mixed-use property shows significant age. While described as 'well-maintained' and fully occupied, the interior images reveal very dated conditions. The kitchen features old white cabinets, dated granite-look countertops, an older gas range, and a fluorescent light fixture, indicating a renovation likely 20-30+ years ago. Flooring is a mix of worn carpet, older laminate, and dated ceramic tiles. Basic, older light fixtures and visible window AC units suggest a lack of modern systems. The property is functional but requires substantial aesthetic and system updates to meet current quality standards.
Pros & Cons
Pros
Diversified Income Stream: Mixed-use property featuring two fully occupied residential units and a versatile ground-level commercial space, ensuring multiple and stable revenue sources.
Strategic High-Growth Location: Situated on a high-visibility corner lot in a rapidly revitalizing Los Angeles neighborhood, near USC and BMO Stadium, offering excellent exposure and future appreciation.
Strong Investment Potential: Located in an area undergoing significant revitalization with new developments and infrastructure improvements, driving increased demand and property value growth.
Established Cash Flow: The property is fully occupied with good tenants, providing immediate and stable rental income, making it an attractive cash-flowing asset.
Well-Maintained Historic Asset: Despite its 1903 build year, the property is explicitly described as well-maintained, suggesting good upkeep and potentially preserving its historic charm.
Cons
Significant Price Reductions: Multiple price drops from the original list price ($1.399M to $1.249M) indicate potential overvaluation or challenges in market appeal at previous price points.
Seller Motivation Indication: The explicit mention of a 'HUGE PRICE REDUCTION' and 'MOTIVATED SELLER' suggests urgency to sell, which may raise questions about the property's market performance or underlying reasons for the quick sale.
Age-Related Maintenance Concerns: Built in 1903, the property, despite being well-maintained, may still incur higher long-term maintenance costs or require updates to older systems not detailed in the description.