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$1,299,000
33 Days On Site

3025 Lanfranco Street
Los Angeles, CA 90063

For Sale|Quadruplex|Pending
0
Beds
0
Full Baths
0
Partial Baths
2,819
SqFt
$461
/SqFt
1961
Built
County:
Los Angeles
Listed by Vartan Achabahian of Prospect Group Inc. [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

3025 Lanfranco Street3025 Lanfranco Street3025 Lanfranco Street3025 Lanfranco Street
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We are pleased to present a rare investment opportunity situated on one of the most desirable streets in Boyle Heights. This property offers immediate income potential with three of its four units fully renovated and ready for occupancy at market rents. Key Features: Turnkey Investment: Generate immediate cash flow with three units already rented at market rates, currently producing a total monthly income of $8,440 ($101,280 annually). Desirable Location: Situated on a premier street in Boyle Heights, known for its strong rental demand and potential for appreciation. Modernized Units: Three units feature comprehensive renovations, including updated electrical and plumbing systems, new paint, windows, flooring, laundry connections, kitchen countertops and cabinets, and bathroom fixtures. Separate Metering: Individual gas and electricity meters for each unit ensure efficient utility management and cost recovery. Ample Parking: The property includes two separate buildings, each with a two-car garage, plus additional parking spaces, a valuable amenity in this urban location. ADU Potential: The existing two-car garage presents the opportunity for conversion into an Accessory Dwelling Unit (ADU), subject to local regulations, further enhancing the property's income potential. This property offers a compelling combination of current income, value-add potential, and a prime location. We invite you to schedule a private viewing to explore this exceptional investment opportunity further.

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Listing Snapshot
Price 
$1,299,000
Days On Site 
33 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,819 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1616 Acres
Year Built 
1961
MLS® Number 
GD24237746
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 days agoStatus changed to Pending
7 days agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1616
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
2
Parking Spaces 
2
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2819
Stories 
Two
Water Source 
Public
Zoning 
LAR2
Interior Features
Cooling 
Ductless
Heating 
Ductless
Laundry Features 
Washer HookupGas Dryer Hookup
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Exterior Features
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Sidewalks
Financing Terms Available 
CashConventionalFHAVA Loan
MLS Area 
BOYH - Boyle Heights


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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