2728 Queen, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 2 bath
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2728 Queen
Los Angeles, California 90039
ACTIVE
CONDITION: TEAR DOWN
2Beds
2Baths
920Sq Ft
5,444Lot Size
Property Price
LIST PRICE$775,900
EST. MARKET VALUE
$795,098
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $941,238 Fair Market Value by -6%. Featuring a Condition Rating of 6, this 1930-built asset requires significant capital investment, as it does not qualify for traditional financing. The 5,444 sqft lot in the vibrant Elysian Valley offers substantial redevelopment potential for Buy-and-Hold Investors or Developers looking to capitalize on the prime location near the LA River and Dodger Stadium.
Estimated Market Value
$795,098
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2728 Queen Subject 2 bd · 2 ba · 920 sqft · $864 | $775,900* List Price | 2 | 2 | 920 | $864 | - |
A 2746 Benedict Active 2 bd · 1 ba · 932 sqft · $923 · 0.1 mi | $859,900 List Price | 2 | 1 | 932 | $923 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1930 and on the market for the first time in 80 years, this property has had no significant renovations for nearly a century. The listing explicitly states it will not qualify for financing (Cash Only) and suggests 're-envisioning' the lot, indicating the structures are likely unlivable and the value lies in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Frogtown Location
Situated in the vibrant Elysian Valley community, the property offers immediate access to the LA River bike path, trendy cafes, and Dodger Stadium, blending urban living with outdoor lifestyle.
- Development Potential
With a generous 5,444 sqft lot and two existing units, this property provides a significant opportunity for investors to redevelop or re-envision the space in a high-demand neighborhood.
- Rare Market Opportunity
Offered for the first time in 80 years, this long-held asset represents a unique chance to acquire a property in a rapidly appreciating area with deep community roots.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The property does not qualify for traditional financing, limiting the buyer pool strictly to cash offers and potentially complicating the acquisition process.
- Significant Renovation Needs
Built in 1930 and sold as a redevelopment opportunity, the property likely requires substantial capital investment to address deferred maintenance or complete a full modernization.
About 2728 Queen
First time on the market in about 80 years! Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Adjacent to local parks, trendy cafes, the LA River bike path, and Dodger Stadium. This property is a perfect blend of urban living and outdoor lifestyle. Property will not qualify for financing, Cash Offers only! Currently, property offers two units, (1) is 2728 Queen a 1bd + 1 ba and (2) 1928 Blake 1bd and 1 ba. Great opportunity to re-invison this lot as many have done in the community. Don’t miss out on this prime Los Angeles property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 5,444 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Allesandro Elementary School
Grades K-6 • 0.4 mi
8/10
Glassell Park Elementary School
Grades K-6 • 0.6 mi
4/10
Dorris Place Elementary School
Grades K-6 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 920 | 1,675.469 |
| Lot Size | 5,444 | 6,126.393 |
| Price | $775.9K | $1.34M |
| Price per sq ft | $843 | $800 |
| Built year | 1930 | 1941 |
| HOA | $0 | $262 |
| Days on market | 8 | 56 |
Pricing History
Listed for Sale
Oct 23, 2026
$775,900
$859,900
-10% Price Drop
Initial Listing
Price Change
Oct 22, 2026
$859,900
$999,000
-14% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$999,000
Initial Listing