639 Maple Ave listed at $13.20/SF

639 Maple Ave in downtown Los Angeles is being marketed for sale or lease as a 6,150-square-foot freestanding warehouse in the Fashion District, according to current brokerage listings. LoopNet lists the asking sale price at $2.4 million, or $390.24 per square foot, and says the property is also available for lease at $13.20 per square foot per year. Crexi shows the same address as a 6,150-square-foot industrial space with one available unit and a five-year-plus lease term. The property sits at 639 Maple Ave, Los Angeles, CA 90014, on a roughly 6,316-square-foot lot, LoopNet says. The marketing materials describe it as a freestanding industrial warehouse built in 1998 with ground-level loading, 20-foot clear height, 24-hour access and 400-amp, 220-volt, three-phase, four-wire power. Crexi lists the lot at 6,131 square feet, a discrepancy the listing materials partly address by telling tenants to verify square footage and other building details. (loopnet.com) ### Why does this address matter inside downtown Los Angeles? The listing places the building in the Downtown Los Angeles Fashion District, a dense submarket still used by apparel, wholesale and small-format distribution tenants. LoopNet says the site is near the Historic Core, Arts District, South Park and Civic Center, and within walking distance of Pershing Square and 7th Street/Metro Center rail stations. That combination points to an infill location rather than a modern truck court product in a larger industrial park. (loopnet.com) The Fashion District location also helps explain why a small-box warehouse listing gets attention. In this part of downtown, occupiers often trade yard depth and circulation for proximity to customers, labor, transit and freeway access, according to the brokerage description. LoopNet says the building has access to the 10, 101 and 110 freeways. (loopnet.com) ### What exactly is being offered to a tenant or buyer? Crexi lists one available 6,150-square-foot unit with about 1,000 square feet of office space and total monthly rent of $7,565. The same page shows a gross lease structure and says the quoted rate is $1.23 per square foot, which annualizes to about $14.76 per square foot; LoopNet, by contrast, says the building is available for lease at $13.20 per square foot per year. The difference suggests prospective tenants would need to confirm the current quote and expense treatment directly with the brokers. (loopnet.com) LoopNet says the sale offering would be delivered vacant, framing it as an owner-user opportunity. That matters because vacant possession gives a buyer the option to occupy the building, lease it up, or reposition it without waiting for an in-place tenant to roll. ### What is the cleanest pricing signal from the listing? The clearest published benchmark is the LoopNet asking rent of $13.20 per square foot per year for a freestanding small-box warehouse in the Fashion District. (loopnet.com) For brokers and landlords watching infill industrial pricing near downtown Los Angeles, that gives a visible asking-rate marker tied to a specific address, building size and physical spec. That is different from broad market averages, which can blend together newer logistics space and older urban product. The sale pricing is also straightforward. LoopNet puts the asset at $2.4 million, or $390.24 per square foot, which gives buyers a second benchmark for owner-user or value-add underwriting in this pocket of downtown. ### Who is marketing the property now? Crexi names Lee & Associates brokers Sam Rinkov, Jeffrey Rinkov and Sehyung Kim as listing contacts. (loopnet.com) The Crexi page says the lease listing was dated March 20, 2025, while LoopNet describes the sale listing as “back on the market” with a “price improvement,” indicating the offering has been refreshed rather than newly introduced. The next concrete step for anyone tracking the deal is the live listing itself: LoopNet currently shows the $2.4 million sale ask and $13.20-per-square-foot lease ask, while Crexi carries the broker contacts and unit-level leasing terms. (loopnet.com)