1268 Queen Anne Pl - Apartments FOR SALE


Los Angeles, CA 90019- Miracle Mile
$2,695,000 USD
310-344-8218
1268 Queen Anne Pl, Los Angeles, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/10
null | 4.74% Cap Rate

1268 Queen Anne Pl
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • "Beverly Hills quality, LA pricing."
  • Plans and Permits for a 3/2 ADU without losing any parking!

OVERVIEW

"Beverly Hills quality, LA pricing." And Plans and Permits for a 3/2 ADU without losing any parking! A lovingly rehabbed 6 units (+1 ADU RTI) between Miracle Mile and Oxford Square. The owner has self-managed and her hands-on approach shows throughout. In addition to updating the facade and landscaping, the Seller extensively and tastefully rehabbed 4 of the 6 units (stone surfaces, new fixtures floors, cabinetry & crown molding). Also she has installed new HVAC units, put in dual-pane windows and installed NEW electrical meters and subpanels - a must in today's turbulent insurance climate. Lastly, the Seller is waaaay down the road with the City - having obtained full approval and permits (RTI) for a large, 1,200 sq. ft. 3 Bed/2 Bath unit above the existing detached garages - 90% of ADU additions, around town, mean you lose parking...not here. All the hassle, expenses and application/approval red tape are already handled. Building this ADU unit out will INCREASE your monthly gross rental income by 25%. The subject property is a "Beauty" that a Buyer can grow with, literally...rehabbing the remaining two units and building out the ADU. Across the street from Queen Anne Park and Recreation Center - a 'go to' for the neighborhood - meeting area, gym, playgrounds, picnic tables, soccer fields, baseball diamond and tennis courts. EXCLUSIVELY LISTED at $2,695,000 Buy-Side Fee paid by Buyer

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

6

PRICE/UNIT

$449,167

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6u +1 ADU (RT) Miracle Mile

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,657 SF

ZONING

R3

APN/PARCEL ID

5082-010-021

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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