2714 Queen, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath
ACTIVE$1,500,000
2714 Queen, Los Angeles, California 90039
0Bed
0Bath
3,400Sqft
5,451Lot
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
PW25252637
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(75th), sqft - 3400(92th), beds - undefined(50th), baths - undefined(50th).
Well-maintained four-unit investment property in a high-demand Los Angeles location near Silver Lake and Elysian Valley. Each unit offers 2 bedrooms and 1 bath, approximately 850 square feet of living space. Two units have been fully upgraded and are currently at market rent, providing immediate income stability with upside potential. The building features upgraded plumbing, separate gas and electric meters, and wall heating. The owner pays for water. Conveniently located near dining, parks, and public transit, this turnkey property is ideal for investors seeking a mix of consistent cash flow and long-term appreciation.
Nearby schools
8/10
Allesandro Elementary School
Public,•K-6•0.4mi
4/10
Glassell Park Elementary School
Public,•K-6•0.6mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
2/10
Aragon Avenue Elementary School
Public,•K-5•1.1mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.7mi
4/10
Loreto Street Elementary School
Public,•K-5•1.8mi
6/10
Irving STEAM Magnet
Public,•6-8•1.3mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.7mi
Price History
Date
Event
Price
11/03/25
Listing
$1,500,000
08/30/10
Sold
$458,000
03/02/07
Sold
$700,000
Condition Rating
Good
While the property was built in 1964, the listing explicitly states that two of the four units have been 'fully upgraded.' The provided images confirm these upgrades, showcasing modern kitchens with new stainless steel appliances, contemporary cabinetry, quartz-like countertops, subway tile backsplashes, and modern black fixtures. The bathrooms in these units also feature modern vanities, subway tiling, and updated fixtures. Furthermore, the building benefits from upgraded plumbing and separate utility meters. However, since only half the units are upgraded, and the other two likely require renovation to reach market rent, the property as a whole does not qualify as 'Excellent.' The presence of wall heating instead of central air conditioning is also a factor. Overall, the property is well-maintained with significant recent improvements to key areas and systems, making it move-in ready for the upgraded units, aligning with a 'Good' condition score.
Pros & Cons
Pros
High-Demand Location: Situated in a high-demand Los Angeles area near Silver Lake and Elysian Valley, offering excellent access to dining, parks, and public transit, which enhances tenant appeal and property value.
Immediate Income & Upside Potential: Two units are fully upgraded and at market rent, providing immediate income stability, while the remaining two offer significant upside potential through future upgrades and rent adjustments.
Multi-Unit Investment: As a four-unit property (quadruplex), it offers diversified income streams, reduced vacancy risk compared to single-family homes, and strong cash flow potential for investors.
Key Infrastructure Upgrades: The building features upgraded plumbing and separate gas and electric meters, reducing owner utility burdens and indicating proactive maintenance.
Turnkey Investment Opportunity: Described as a 'turnkey property,' it is well-maintained and ready for investors seeking consistent cash flow and long-term appreciation without immediate major overhauls.
Cons
Owner-Paid Water: The owner is responsible for water expenses, which can significantly impact the net operating income and overall profitability of the investment.
Partial Unit Upgrades: Only two of the four units have been fully upgraded, meaning the remaining two will require future capital expenditure and potential vacancy periods for renovation to maximize rental income.
Lack of Central Air Conditioning: The property description only mentions 'wall heating,' implying a lack of central air conditioning, which could be a significant drawback for tenants in Los Angeles' warm climate and may limit rental appeal or achievable rent.