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501 N western Ave , LA,CA90004 4907 Maplewood Ave 3,693 SF Retail Building Los Angeles, CA 90004 $3,417,350 CAD ($925.36 CAD/SF) 3.08% Cap Rate
Executive Summary
Prime Corner Development Opportunity – Western & Maplewood
Located at the signalized corner of Western Ave and Maplewood Ave, this offering includes two adjacent parcels:
• 4907 Maplewood Ave (APN: 5522-012-006) • 501 N Western Ave (APN: 5522-012-007)
Each parcel offers over 7,000 SF of land, providing strong flexibility for both investors and developers.
The property currently generates approximately $201,600 in gross annual rental income, allowing for stable in-place cash flow while planning future development.
Zoning is C2-1 and C2-2, supporting a wide range of commercial and residential uses. The site presents excellent redevelopment potential for a mixed-use project, with the ability to develop up to 32 residential units along with ground-floor retail.
Located at the signalized corner of Western Ave and Maplewood Ave, this offering includes two adjacent parcels:
• 4907 Maplewood Ave (APN: 5522-012-006) • 501 N Western Ave (APN: 5522-012-007)
Each parcel offers over 7,000 SF of land, providing strong flexibility for both investors and developers.
The property currently generates approximately $201,600 in gross annual rental income, allowing for stable in-place cash flow while planning future development.
Zoning is C2-1 and C2-2, supporting a wide range of commercial and residential uses. The site presents excellent redevelopment potential for a mixed-use project, with the ability to develop up to 32 residential units along with ground-floor retail.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,693 SF
Building Class
B
Year Built
1991
Price
$3,417,350 CAD
Price Per SF
$925.36 CAD
Cap Rate
3.08%
NOI
$105,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.17 AC
Zoning
LAC2
Parking
12 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
121’ on Maplewood Ave
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5522-012-006 | Improvements Assessment | $541,448 CAD |
| Land Assessment | $627,938 CAD | Total Assessment | $1,169,386 CAD |
Property Taxes
Parcel Number
5522-012-006
Land Assessment
$627,938 CAD
Improvements Assessment
$541,448 CAD
Total Assessment
$1,169,386 CAD
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501 N western Ave , LA,CA90004 | 4907 Maplewood Ave
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