1291 Queen Anne,Los Angeles, CA 90019
Los Angeles, CA 90019
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 premier central Los Angeles location.
Details
| MLS # | OC26027318 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 198 |
| Listing Provided By | Kirklen Investment Group | Paul Banke |
Features
| SQ Feet | 3,816 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 2 |
| Acreage | 0.16 |
Exterior
| Lot Features | Six To Ten Units Acre |
|---|
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Storm Drains, Street Lights, Sidewalks |
|---|
Taxes
| Property | 14993 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | 699 Not Defined |
| Listing VS Median (in 90019) | |
Price: $1,200,000 low | high Med: $1,725,000 sqft: 3,816 low | high Med: 3,586 $ / sqft: $314 low | high Med: $481 On site: 198 low | high Med: 53 | |
Market Activity 90019
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | 699 Not Defined |
| Listing VS Median (in 90019) | |
Price: $1,200,000 low | high Med: $1,725,000 sqft: 3,816 low | high Med: 3,586 $ / sqft: $314 low | high Med: $481 On site: 198 low | high Med: 53 | |
 | $1,400,0001666 La Fayette 4Los Angeles, CA 90019 |
 | $1,395,0001320 Crenshaw BoulevardLos Angeles, CA 90019 |
 | $2,099,9001189 CrenshawLos Angeles, CA 90019 |
 | $1,139,0004533 SaturnLos Angeles, CA 90019 |
 | $1,800,0001722 Crenshaw BoulevardLos Angeles, CA 90019 |