2915 Maple Ave, Los Angeles, CA 90011
SOLDNOV 29, 2023

2915 Maple Ave
Los Angeles, CA 90011

Central City
  • 10 Beds
  • 10 Baths
  • 7,316 sqft
  • 10 Beds
  • 10 Baths
  • 7,316 sqft

$1,230,000

Last Sold: Nov 29, 2023
2% below list $1.25M
$168/sqft
Est. Refi. Payment $7,857/mo*

Homes for Sale Near 2915 Maple Ave

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from November 29, 2023
We are pleased to present a ten (10) unit multifamily redevelopment opportunity located in Los Angeles, California. The subject properties are in a solid South Los Angeles location, east of USC and south of E Adams Boulevard. Built in 1911 and 1913 respectively, this property is a double-lot multifamily property consisting of ten (10) one-bedroom / one-bathroom units total; six (6) standard sized units in the corner lot and four (4) larger units in the adjacent lot. The back of the property features fully parked on-site parking. The property is a very ideal value-add opportunity, priced at 5.48 pro forma GRM and 13.86% pro forma cap rate. This double-lot is situated on a hard signalized corner and is zoned LAR3-1 with 12,550 SF of combined land. This allows for the development of fifteen (15) units by-right, or twenty-four (24) units utilizing tier 1 TOC benefits. The zoning allows for 45' max height and an FAR of 3:1. With TOC, a developer can be granted incentives to build 56' max height and a 4.2:1 FAR. Tenants will enjoy living in close proximity to the University of Southern California (USC) along with its collegiate amenities. The strength of this area is demonstrated by CityView, a development firm that just completed their latest mixed-use complex featuring 296-units with ground floor retail just a few blocks from the subject property on the corner of Adams Boulevard and Grand Avenue. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on either capturing rental upside or developing up to twenty-four (24) units in a strong rental market adjacent to USC at an attractive basis.

Home Highlights

Parking
8 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$168/sqft
Listed
180+ days ago

Home Details for 2915 Maple Ave

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 10
Dimensions and Layout
Living Area: 7316 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Air ConditioningHas HeatingHeating Fuel: Wall
Fireplace & Spa
Spa: None
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
View
Has a ViewView: City

Exterior Features

Exterior Home Features
Other Structures: NoneExterior: Balcony
Parking & Garage
Open Parking Spaces: 8No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Parking Space,Open
Pool
Pool: None

Property Information

Year Built
Year Built: 1911
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Has Additional Parcels

Price & Status

Price
List Price: $1,250,000Price Per Sqft: $168/sqft
Status Change & Dates
Off Market Date: Thu Nov 16 2023

Active Status

MLS Status: Sold

Location

Direction & Address
City: Los Angeles

Building

Building Area
Building Area: 7316 Square Feet

Lot Information

Lot Area: 6290.064 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 4Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 23-309901
Last check for updates: about 22 hours ago
Listed by Jason Tuvia DRE # 01772495, (818) 448-4415
Marcus & Millichap, (818) 212-2700
Bought with: Jason Tuvia DRE # 01772495, (818) 212-2735, Marcus & Millichap, (818) 212-2700
Source: CLAW, MLS#23-309901

Price History for 2915 Maple Ave

DatePriceEventSource
11/29/2023$1,230,000Sold
CLAW #23-309901
11/17/2023$1,250,000PendingCLAW #23-309901
11/13/2023$1,250,000PendingToActiveCLAW #23-309901
10/27/2023$1,399,000ContingentCLAW #23-309901
10/23/2023$1,399,000PriceChange
CLAW #23-309901
10/10/2023$1,549,000PriceChange
CLAW #23-309901
10/02/2023$1,649,000PriceChange
CLAW #23-309901
09/11/2023$1,700,000Listed For SaleCLAW #23-309901

Property Taxes and Assessment

Year2023
Tax$9,693
Assessment$750,963
Home facts updated by county records

Comparable Sales for 2915 Maple Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.15
Multi-Family Home
$943,000
12/08/23
8
6
3,837
0.50
Multi-Family Home
$1,335,000
08/01/23
11
6
3,857
0.44
Multi-Family Home
$1,150,000
07/24/23
8
5
2,524
0.58
Multi-Family Home
$2,300,000
06/28/23
16
16
5,986
0.51
Multi-Family Home
$770,000
08/02/23
9
5
3,618
0.37
Multi-Family Home
$665,000
07/13/23
6
5
2,752
0.77
Multi-Family Home
$3,450,000
02/01/24
10
10
4,493
0.13
Multi-Family Home
$931,000
04/22/24
8
4
3,736
0.35
Multi-Family Home
$814,000
01/17/24
5
3
1,990

Assigned Schools

These are the assigned schools for 2915 Maple Ave.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central City

  • Grice475
    "Close to market.laundromat and bus stops to go walking or car also close to school kinder to high school"
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  • Trulia User
    "I lived here for 10 years. Not Very bad area, friendly different type of people. Buses running all day and cars and children and schools and stores to go to, even Donut store."
    6
    Flag
  • Sandra M.
    "School, college, laundromats, stores , walking , neighbors, knowing where to go food places , and beaches, movies and parks the coliseum and shopping for clothes and our car washes shopping for furniture "
    2
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  • Trulia User
    "City park after night events and after-school programs for kids available also shopping and market are closer to shop "
    1
    Flag
  • Trulia User
    "do not walk at night . it is too dangerous , be inside by 9 . store owners a super friendly and parking isn’t easily found "
    0
    Flag
  • Trulia User
    "fairs, after-school programs, parks, markets near, late night food and coffee. meeting areas to gather with friends, public transportation near by 24 hour availability. churches, biking, shopping with local shop keepers. 24 hour Laundromat, medical care close, bakeries, drug stores, ATM at most businesses "
    1
    Flag
  • Trulia User
    "very culturally appreciated i felt so welcomed since i’ve been here, truly recommend this place , my #1 area"
    1
    Flag
  • Trulia User
    "Dogs are usually well behaved or kept inside. Dogs are always welcome in this community. Sometimes people don’t pick after their dog"
    0
    Flag
  • Trulia User
    "Very close to the alley and downtown staples center Santa Monica beaches and dodger stadium tacos are everywhere and raspados and elotes "
    0
    Flag
  • Stephanie P.
    "getting dangerous. lots of mental illness issues spilled over from skid row. theft, random attacks. would not recommend. looking to leave asap!"
    44
    Flag
  • Francisco T.
    "Ive lived in this neighborhood for about 11 years and it is a fairly good neighborhood that is near downtown , and transportation. There is however a bit of homeless , and graffiti . There also is sometimes robbery but this neighborhood is fairly good and its fun ! "
    13
    Flag
  • Casey
    "Mainly warehouses so it’s not as loud. Close to USC campus so it’s becoming safer. There are a great deal of homeless however"
    11
    Flag
  • Raneika K. B.
    "There is no grass for dogs to enjoy. People that walk their dogs clearly don’t care about the neighborhood because they don’t clean their dogs waste. "
    0
    Flag
  • Prince_albert_5
    "My street it’s very traffic and noisy and my work street it’s very bad and unsafe and I hope I can move to some where very soon "
    7
    Flag
  • Miss Kathy G.
    "all the neighborhood businesses maw and paw stores Food Market on Thursdays on South Central the festival every other year Jazz and Blues Festival"
    5
    Flag
  • Erickh32376
    "Everything! It’s all a mess, streets here are not so safe when it’s dark. The rent is to high and I can barely afford any money to pay for my rent."
    3
    Flag
  • Phillip R.
    "no problem no more the usual. near the bus and schools. an after school program near by. no break ins that i heard of. no vandalism. graffiti yes trash yes. i lived here 10 years."
    33
    Flag
  • Rebelgiant
    "I own a car so I drive. But there are plenty of transportation systems like the buses metro and trains."
    1
    Flag
  • Joel G.
    "The grocery store is very close by, the train station is very close by and a parking garage is right across the street."
    0
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  • Anzavelascolol
    "Well the newbies get to get to know more about the neighbors and the neighbors are really caring. "
    0
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LGBTQ Local Legal Protections

© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 2915 Maple Ave

Off Market Homes Near 2915 Maple Ave

2915 Maple Ave, Los Angeles, CA 90011 is a 10 bedroom, 10 bathroom, 7,316 sqft multi-family built in 1911. 2915 Maple Ave is located in Central City, Los Angeles. This property is not currently available for sale. 2915 Maple Ave was last sold on Nov 29, 2023 for $1,230,000 (2% lower than the asking price of $1,250,000). The current Trulia Estimate for 2915 Maple Ave is $1,222,200.