Queen Anne Apartments

Investment Overview

Kirklen Investment Group proudly offers the opportunity to acquire 1291 Queen Anne Place, a 5-unit multifamily investment property located in the highly desirable Mid-Wilshire submarket of Los Angeles. Built in 1922/1928, the subject property offers a diverse unit mix comprised of (2) two-bedroom/one-bathroom units and (3) one-bedroom/one-bathroom units while sitting on a optimal sized 7,010 square foot lot. 1291 Queen Anne Place also offers residents units with washer and dryer hook ups, along with ample on-site parking featuring (3) open parking spaces and (4) garage parking spaces. Ideally positioned adjacent to the affluent Miracle Mile neighborhood, the property benefits from proximity to premier employment centers, retail corridors, dining, and entertainment. 1291 Queen Anne Place provides an attractive opportunity for a new owner to implement a value-add strategy through interior renovations and the repositioning of current rents, which are 66% below the market rate. Additionally, the existing garage parking configuration provides an opportunity to capitalize on California’s ADU-friendly legislation through potential garage to ADU conversions. With a combination of strong in-place cash flow, significant upside through modernization, and ADU expansion potential, 1291 Queen Anne Place represents an attractive opportunity in a premier central Los Angeles location.

Investment Highlights

• (3) Open Parking Spaces And (4) Garage Parking Spaces
• Value-Add Opportunity With 65% Upside In Rental Income
• Desirable Unit Mix Of (2) Two-Bedroom/One-Bathroom Units And (3) One-Bedroom/One-Bathroom Units
• Located In The Rapidly Gentrifying Mid-Wilshire Sub-Market
• Proximity To Queen Anne Recreation Center, Los Angeles High School, And Johnnie Cochran Jr Middle School
• Convenient Accessibility To I-10 Freeway Providing Ease Of Transportation For Residents
• (4) Garage Spaces Provide Potential ADU Conversion Potential (Buyer To Verify)