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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,200,000

Est. payment - /mo

4 Beds

3 Baths

7,012 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26027318

Bedrooms 4

Lot Size 7,012 Sqft

Property Sub-Type Res Income 2-4 Units

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 65% below the market rate. Additionally, the existing garage parking configuration provides an opportunity to capitalize on Californias 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Major intersections are W Pico Blvd and Crenshaw Blvd off 10 Freeway

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5082011010

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Paul Banke, DRE#02113308 Kirklen Investment Group

Nearby School & Business

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Arash Rokni

REALTOR® CADRE#02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1291 Queen Anne Los Angeles, CA 90019

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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