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2653 Queen St, Los Angeles, CA 90039
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2653 Queen St Los Angeles, CA 90039

$1,500,000 Sold Price as of 06/07/2021
  • 8 Beds
  • 6 Baths
  • 3,321 Sq.Ft.
Sold
$1,500,000 Sold Price as of 06/07/2021 Refinance Your Mortgage
Map preview of 2653 Queen St, Los Angeles, CA 90039

Property Overview: 2653 Queen St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,321 living square feet and 9,527 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Richard Spracher | BRE #01977573 | Coldwell Banker Realty
Last checked: 15 minutes ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 99

Home details

Lot Sq. Ft
9,527
HOA Dues
$0/mo
Year built
1992
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
320004803
City
Los Angeles
County
Los Angeles
Time on Site
1197 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,066
  • Total Rent: $1,066
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $932
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 9
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $932
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 10
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $932
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 11
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $870
  • Total Rent: $870
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 12
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 13
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.4%
  • Gross Rent Multiplier: 19.8
  • Gross Scheduled Income: $78,384
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $492
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $243
  • Cable TV: $0
  • Gardener: $100
  • Insurance: $0
  • Maintenance: $2,000
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $300
  • Other Expenses: $135

Property Details for 2653 Queen St

Interior Features
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
Room Information
  • Flooring: Carpet
Kitchen Information
  • No Appliances
  • None, Gas Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Tar/Gravel
  • Other Structures: Shed(s)
  • No Spa
Exterior Features
  • No Pool
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • No
  • Parking Features: Uncovered, None, Side by Side
Lot Information
  • Lot Features: Utilities - Overhead
  • Lot Size Source: Public Records
Property Information
  • No View
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 5442012004
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Offered With Property: storage sheds
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: From Riverside Dr., North onto Newell St., Right onto Ripple St, Right onto Queen St. Cross Streets: Riverside Dr & Newell St
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2653 Queen St

Last leased for $2,100 on March 22nd, 2024

  • March, 2024

  • Mar 22, 2024

    Date

    Leased

    CRMLS: PW24022704

    $2,100

    Price

  • Jan 31, 2024

    Date

    Active

    CRMLS: PW24022704

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Great move-in you will happy to live in hip and rapidly gentrifying Frog-Town! This location and breathtaking view is what attracts you to this charming apartment building on a beautiful city Silver Lake/ Echo Park/ Elysian Valley. Agent will show property grounds with appointment. This unit will covered your trash, water, internet!

  • January, 2024

  • Jan 16, 2024

    Date

    Expired

    CRMLS: 23321831

    $2,150

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23321831

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    BE THE FIRST to live in newly remodeled home! New appliances including refrigerator, stove range, and wall mounted AC/heater. All rooms are freshly remodeled including the kitchen and bathroom. The unit comes with one reserved side-by-side parking space, so you will never have to look for street parking.

  • December, 2023

  • Dec 19, 2023

    Date

    Leased

    CRMLS: 23321849

    $2,150

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23321849

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    BE THE FIRST to live in newly remodeled home! New appliances including refrigerator, stove range, and wall mounted AC/heater. All rooms are freshly remodeled including the kitchen and bathroom. The unit comes with one reserved side-by-side parking space, so you will never have to look for street parking.

  • June, 2021

  • Jun 7, 2021

    Date

    Sold

    CRMLS: 320004803

    $1,500,000

    Price

  • May 18, 2021

    Date

    Pending

    CRMLS: 320004803

    $1,550,000

    Price

  • May 11, 2021

    Date

    Active Under Contract

    CRMLS: 320004803

    $1,550,000

    Price

  • May 5, 2021

    Date

    Active

    CRMLS: 320004803

    $1,550,000

    Price

  • Apr 17, 2021

    Date

    Active Under Contract

    CRMLS: 320004803

    $1,550,000

    Price

  • Apr 7, 2021

    Date

    Price Change

    CRMLS: 320004803

    $1,550,000

    Price

  • Feb 22, 2021

    Date

    Price Change

    CRMLS: 320004803

    $1,650,000

    Price

  • Feb 1, 2021

    Date

    Active

    CRMLS: 320004803

    $1,800,000

    Price

  • Feb 1, 2021

    Date

    Coming Soon

    CRMLS: 320004803

    $1,800,000

    Price

Show More

Tax History for 2653 Queen St

Assessed Value (2020): $525,355
Year Land Value Improved Value Assessed Value
2020 $321,096 $204,259 $525,355

Home Value Compared to the Market

This property vs the competition

2653 Queen St sold on June 7, 2021 for 30.25% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $466.73 per/sqft which puts the price per square foot 38.18% lower than the current median sale per square foot for the city of Los Angeles.

About 2653 Queen St

Detailed summary of property

2653 Queen St is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,321 living square feet, and sits on an approximately 9,527 square foot lot. 2653 Queen St was first listed on ArdentRealEstateGroup.com on February 8, 2021. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 30.25% higher than the current median priced home. Local homes that are currently for sale include 1804 Echo Park Ave, 3130 Arvia St and 2250 Duane. While the average home in Los Angeles, CA is selling in 93 days, 2653 Queen St has a days on market of 99 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 2653 Queen St Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2653 Queen St

Public county record property details
Beds
8
Baths
6
Year built
1992
Sq. Ft.
3,321
Lot Size
9,526
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
84,85
APN
5442-012-004

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,695,000
Median List Price/Sq.Ft.
$910
Median Sold Price
$1,505,000
Median Sold Price/Sq.Ft.
$1,136
Total Inventory
50
Median Sale to List Price %
113.58%
Avg Days on Market
20
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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