$1,550,000

2653 Queen Street, Los Angeles, CA

0.22

Acres

Great investment potential with 100% occupancy in hip and rapidly gentrifying Frog-Town! This property consists of 2 lots on a single APN & brings incredible opportunity for improved CAP rate & GRM. Currently occupied by long-term tenants with below market rents, the front of the property presents a 2 story structure consisting of (4) 1 bed/1 bath units. The rear of the property offers plenty of surface parking and 2 free-standing 2 beds & 1 bath units. There are 8 parking spots on this 9500+ sq ft property. Units have wall a/c and heating units, each unit is separately metered for gas & electricity. Units have not been updated. Seller may finance.

Facts & Features

MLS® # 320004803
Price $1,550,000
Bathrooms 0.00
Acres 0.22
Year Built 1992
Type Residential Income
Style Traditional
Status Active Under Contract

Community Information

Address 2653 Queen Street
Area 606 - Atwater
City Los Angeles
County Los Angeles
State CA
Zip Code 90039

Amenities

Utilities Overhead Utilities
Parking On Street, Side By Side, Uncovered
Garages On Street, Side By Side, Uncovered
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Vinyl
Appliances Gas Cooking
Heating Natural Gas, Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Exterior Frame, Stucco
Lot Description Level, Sprinklers On Side, Value In Land
Roof Composition, Tar/Gravel
Construction Frame, Stucco

Additional Information

Date Listed January 30th, 2021
Days on Market 99
Zoning LA R2-1VL-RIO
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentRichard Spracher
OfficeColdwell Banker Realty

Listing Map

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