6u +1 ADU (RT) Miracle Mile 1268 Queen Anne Pl 7 Unit Apartment Building $3,677,085 CAD ($525,298 CAD/Unit) 4.74% Cap Rate Los Angeles, CA 90019

"Beverly Hills quality, LA pricing."
And Plans and Permits for a 3/2 ADU without losing any parking!
A lovingly rehabbed 6 units (+1 ADU RTI) between Miracle Mile and Oxford Square.
The owner has self-managed and her hands-on approach shows throughout. In addition to updating the facade and landscaping, the Seller extensively and tastefully rehabbed 4 of the 6 units (stone surfaces, new fixtures floors, cabinetry & crown molding). Also she has installed new HVAC units, put in dual-pane windows and installed NEW electrical meters and subpanels - a must in today's turbulent insurance climate.
Lastly, the Seller is waaaay down the road with the City - having obtained full approval and permits (RTI) for a large, 1,200 sq. ft. 3 Bed/2 Bath unit above the existing detached garages - 90% of ADU additions, around town, mean you lose parking...not here. All the hassle, expenses and application/approval red tape are already handled. Building this ADU unit out will INCREASE your monthly gross rental income by 25%.
The subject property is a "Beauty" that a Buyer can grow with, literally...rehabbing the remaining two units and building out the ADU.
Across the street from Queen Anne Park and Recreation Center - a 'go to' for the neighborhood - meeting area, gym, playgrounds, picnic tables, soccer fields, baseball diamond and tennis courts.
EXCLUSIVELY LISTED at $2,695,000
Buy-Side Fee paid by Buyer