2710 Queen Street, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath
ACTIVE$1,224,000
2710 Queen Street, Los Angeles, California 90039
0Bed
0Bath
3,538Sqft
5,453Lot
Year Built
1964
Close
-
List price
$1.22M
Original List price
$1.25M
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
SR25098110
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.22M(50th), sqft - 3538(92th), beds - undefined(50th), baths - undefined(50th).
Great Investment property in one of the most sought out locations. Opportunity for investment... each unit is about 900 sq feet of living space. 8 bedrooms 4 bathroom, each unit as two bedrooms with carport parking. Property has Cooper Plumming, updated electrical boxes. Driveway and parking area was repaved Elysian Valley location walking distance to Los Angeles River, close to elementary school, easy drive to Doger Stadium and downtown Los Angeles. Commuting to fwy 134, 110, 101 is close by. Excellent investment to build your portfolio. Cap Rate:4.74% possible IRR return of up to 14%
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•1.2mi
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
08/13/25
Price Change
$1,224,000-2.1%
05/07/25
$1,250,000
02/05/07
Sold
$700,000
Condition Rating
Fair
Built in 1964, this property has received important infrastructure updates such as copper plumbing, updated electrical boxes, and a repaved driveway, which are significant for its age. However, the interior images clearly show that the kitchens and bathrooms are very dated with older cabinets, laminate countertops, outdated appliances, and old-style flooring and light fixtures. While functional, these areas would require substantial cosmetic renovation to meet modern standards. The overall condition is aged but maintained, fitting the 'Fair' category where major components are functional but show signs of being outdated, and minor updates are required.
Pros & Cons
Pros
Strong Investment Opportunity: Explicitly marketed as a 'Great Investment property' with a stated Cap Rate of 4.74% and a possible IRR return of up to 14%, highlighting its financial viability for portfolio building.
Prime Los Angeles Location: Situated in the 'sought out' Elysian Valley, offering walking distance to the Los Angeles River, proximity to an elementary school, Dodger Stadium, downtown LA, and excellent freeway access (134, 110, 101).
Multi-Unit Income Property: As a quadruplex with four 2-bedroom units, it provides diversified rental income streams and significant potential for cash flow, appealing to investors seeking scale.
Key System Upgrades: Recent capital improvements include updated Copper Plumbing and electrical boxes, along with a repaved driveway and parking area, reducing immediate maintenance concerns for a new owner.
Dedicated Parking: Each unit benefits from dedicated carport parking, a valuable amenity in Los Angeles that enhances tenant convenience and property appeal.
Cons
Property Age: Built in 1964, the property is 60 years old, which, despite recent system updates, may still imply potential for ongoing maintenance and capital expenditures related to older structural components or systems not explicitly mentioned as updated.
Unspecified Interior Condition: The description lacks details regarding the interior condition, finishes, or recent renovations of the individual units (kitchens, bathrooms, flooring), suggesting they may be dated and require significant investment to maximize rental income or tenant appeal.
Recent Price Adjustment: A recent price reduction from $1.25M to $1.224M, while potentially making it more attractive, could also signal market resistance or that the initial pricing was too aggressive, potentially raising questions for prospective buyers.