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Listed by Paul Banke, DRE #02113308 • Kirklen Investment Group
$ 1,200,000
Est. payment /mo
Active
1291 Queen Anne Los Angeles, CA 90019
7,012 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26027318
Year Built 1922
Lot Size 7,012 Sqft
Source California Regional MLS
Property Description
Presenting 1291 Queen Anne Place, a 5-unit multifamily investment property located in the highly desirable Mid-Wilshire submarket of Los Angeles. Built in 1922/1928, the subject property offers a diverse unit mix comprised of (2) two-bedroom/one-bathroom units and (3) one-bedroom/one-bathroom units while sitting on a optimal sized 7,010 square foot lot. 1291 Queen Anne Place also offers residents units with washer and dryer hook ups and ample on-site parking featuring (3) open parking spaces and (4) garage parking spaces. Ideally positioned adjacent to the affluent Miracle Mile neighborhood, the property benefits from proximity to premier employment centers, retail corridors, dining, and entertainment. 1291 Queen Anne Place provides an attractive opportunity for a new owner to implement a value-add strategy through interior renovations and the repositioning of current rents, which are 74% below the market rate. Additionally, the existing garage parking configuration provides an opportunity to capitalize on California's ADU-friendly legislation through potential garage to ADU conversions. With a combination of strong in-place cash flow, significant upside through modernization, and ADU expansion potential, 1291 Queen Anne Place represents an attractive opportunity in a pr
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry 30, 38
Exterior
Parking Features Assigned Spaces
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 5082011010
Special Listing Condition Not Applicable
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