1020 MAPLE AVENUE
PRICE
BUILDING SIZE
LOS ANGELES, CA 90015
$1,950,000
6,800 SF
LOT SIZE
7,405 SF
PRICE/SF (BLDG)
PRICE/SF (LAND)
CURRENT CAP RATE
(75% OCCUPANCY)
$287
$263
7.46%
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1020 Maple Avenue (the “Property”), an irreplaceable 6,800 SF Four-Unit Retail Building on 7,405 SF of M2 Land, One Block from Santee Alley on Maple Avenue in the heart of the Fashion District in Downtown Los Angeles.
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.
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-square-foot 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.
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%.