Mid-Wilshire Multifamily Investment
For Sale
Contact for pricing
1291 Queen Anne, Los Angeles, CA 90019
Five-unit property in Mid-Wilshire with value-add potential.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market187
Property Features for 1291 Queen Anne
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
Multifamily
Zoning
Assessor
Net Operating Income
$43,785
Building Details
Buildings
2
Stories
2
Units
5
Listing Agency:
Kirklen Investment Group
(909) 373-6071
Listed By:
Paul Banke · License #02113308
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 14 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kirklen Investment Group
Investment Insights
Based on property information with market context.
Located in the Mid-Wilshire submarket of Los Angeles, 1291 Queen Anne Place is a 5-unit multifamily investment property. Constructed in 1922 and 1928, the property includes two 2-bedroom/1-bathroom units and three 1-bedroom/1-bathroom units. The building is situated on a 7,010 square foot lot. Units feature washer and dryer hookups. On-site parking is available, with three open spaces and four garage spaces. The property is located adjacent to the Miracle Mile neighborhood, offering convenient access to employment centers, retail, dining, and entertainment. This property presents an opportunity for value enhancement through interior renovations and rent adjustments, as current rents are reported to be 74% below market rates. The existing garage parking configuration also allows for potential garage to ADU conversions, taking advantage of California’s ADU-friendly legislation. The property offers a combination of in-place cash flow and modernization potential in a central Los Angeles location.
Key Highlights
- Value‑add opportunity: Renovate interiors and reposition rents currently 74% below market rate.
- ADU conversion potential from existing garage parking.
- Located in the desirable Mid‑Wilshire, adjacent to Miracle Mile.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit property in Mid-Wilshire with value-add potential.
Where is this apartment building located?
The property is located at 1291 Queen Anne Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Value‑add opportunity: Renovate interiors and reposition rents currently 74% below market rate.; ADU conversion potential from existing garage parking.; Located in the desirable Mid‑Wilshire, adjacent to Miracle Mile.
