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1268 Queen Anne Pl Los Angeles, CA 90019

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For Sale
$2,695,000

Rehabbed 6-unit property with approved ADU permits in Los Angeles.

Property Features for 1268 Queen Anne Pl

General Information

Standard status
Active

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Listing Contact
Brice W. Head, Mba
Source: Cbre

Listing Agent: Brice W. Head, Mba

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Rehabbed 6-Unit with ADU Permits

This property features six units with approved plans and permits for a 1,200 sq. ft. 3-bed, 2-bath ADU above the existing detached garages. Located between Miracle Mile and Oxford Square, the property has been lovingly rehabbed. The owner has updated the facade and landscaping, and tastefully rehabbed four of the six units with stone surfaces, new fixtures, floors, cabinetry, and crown molding. New HVAC units, dual-pane windows, and new electrical meters and subpanels have been installed. The approved ADU addition will increase the monthly gross rental income. Rehabbing the remaining two units and building out the ADU offers further growth potential. The property is located across the street from Queen Anne Park and Recreation Center, which includes a meeting area, gym, playgrounds, picnic tables, soccer fields, baseball diamond, and tennis courts. The ADU addition does not reduce existing parking.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.33205
Latitude
34.04953

FAQs

What type of property is this?
Apartment building - Rehabbed 6-unit property with approved ADU permits in Los Angeles.
Where is this apartment building located?
The property is located at 1268 Queen Anne Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: - Approved Plans and Permits (RTI) for a large 3 Bed/2 Bath ADU (1,200 sq. ft.) without losing existing parking, increasing monthly gross rental income by 25%.; - New electrical meters and subpanels installed.; - Four of six units have been extensively and tastefully rehabbed with stone surfaces, new fixtures, floors, cabinetry & crown molding.
More about this property
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