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    2653 Queen Street

    Los Angeles (City), CA 90039
    • $1,550,000
    • STATUS: Active Under Contract
    • ON SITE: 68 days
    • ID#: 320004803
    Under Contract
    UPDATED: 122 min ago
    $1,550,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,321
      SQFT
    • $467
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1992
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/114049947
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    2653 Queen Street Los Angeles (City), CA 90039

    • Price: $1,550,000
    • Status: Active Under Contract
    • Updated: 122 min ago
    • ID#: 320004803
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,321
    SQFT
    $467
    $/SQFT
    1992
    Built
    Neighborhood:
    606 - Atwater
    County:
    Los Angeles
    Area:
    606 - Atwater
    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.
    Exterior Features

    Architectural Style Traditional Carport Spaces 0 Construction Materials FrameStucco Direction Faces East Entry Location Ground Level With StepsTop Level Lot Features LevelSprinklers On SideValue In Land Number Of Separate Electric Meters 6 Other Structures Shed(S) Parking Features On StreetSide By SideUncovered Parking Total 0 Pool Private YN No Roof CompositionTar/Gravel Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Cooling None Cooling YN No Fireplace YN No Flooring CarpetVinyl Heating Natural GasWall Furnace Heating YN Yes

    Property Features

    Association YN No Cable Tv Expense 0 Cap Rate 4.4 Community Features CurbsStreet LightsSidewalks Disclosures Rent ControlTrust/Conservatorship Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 6532 Gross Scheduled Income 78384 Insurance Expense 0 Land Lease Amount 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalOwner May CarryTrust Conveyance Maintenance Expense 2000 Net Operating Income 0 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 0 Other Expense 135 Pest Control Expense 0 Pool Expense 0 Possession Close Of Escrow Property Condition Fixer Rent Control YN Yes Supplies Expense 0 Tax Year 2020 Tenant Pays Cable TvElectricityGasWater Total Actual Rent 78384 Trash Expense 243 Utilities Overhead Utilities Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 300 Water Source Public Zoning La R2-1Vl-Rio

    Listing provided courtesy of Richard Spracher of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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