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$1,500,000
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Property Description
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.
Full Property Details
Full Property Details for 2653 Queen St
General
- Sold For: $1,500,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: 320004803
- Added to Site: 1, 812 day(s) ago
Interior
- Appliances: None, Gas Water Heater
- Flooring: Carpet
Rooms
Other Rooms
- Laundry: None
Parking
- Parking Features: Uncovered, None, Side-by-Side
- Parking: Uncovered, None, Side-by-Side
Location
- Area: 606 - Atwater
- County: Los Angeles
- Development Name: 606 - Atwater
- Driving Directions: From Riverside Dr., North onto Newell St., Right onto Ripple St, Right onto Queen St. Cross Streets: Riverside Dr & Newell St
- Direction Faces: East
Heating & Cooling
- Heating Type: Natural Gas, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Architectural Style: Traditional
- Foundation: Slab
- Roof: Composition, Tar/Gravel
- Entry Location: Ground Level w/Steps, Top Level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,321
- Year Built: 1992
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.2187
- Lot Size Source: Public Records
- Lot Dimensions: 70 x 136
- Zoning: LA R2-1VL-RIO
- Lot Description: Utilities - Overhead
Green Features
- Walk Score: 58
Financial Considerations
- Price Per Sq. Ft.: $451.67
- Price Per Unit: 250000
Disclosures and Reports
- Exclusions: Refrigerators, stoves, wall/window a/c units, microwaves (property of tenants)
- Inclusions: storage sheds
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Schools
Schools serving 2653 Queen St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Allesandro Elementary School 2210 Riverside Drive, Los Angeles, CA 90039 | PK-5 | 0.4 mi |
Washington Irving Mid School Math Music and Engr Magnet 3010 Estara Avenue, Los Angeles, CA 90065 | 6-8 | 1.2 mi |
John Marshall Senior High School 3939 Tracy Street, Los Angeles, CA 90027 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2653 Queen St
Date
Details
Price
Change
Source
6/07/2021
Sold
$1,500,000
-3.23%
MLS
4/07/2021
Price Reduced
$1,550,000
-6.06%
MLS
2/22/2021
Price Reduced
$1,650,000
-8.33%
MLS
2/01/2021
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2653 Queen Street, Los Angeles, CA 90039 (MLS# 320004803) is a Multi-Family property that was sold at $1,500,000 on June 07, 2021. This property was listed by Richard Spracher from our Studio City Office.Want to learn more about 2653 Queen Street? Do you have questions about finding other Multi-Family real estate for sale in Atwater Village? You can browse all Atwater Village real estate or contact a Coldwell Banker agent to request more information.


