Los Angeles, CA 90063,3025 Lanfranco ST
Los Angeles, CA 90063,3025 Lanfranco ST
Los Angeles, CA 90063,3025 Lanfranco ST
Los Angeles, CA 90063,3025 Lanfranco ST
Los Angeles, CA 90063,3025 Lanfranco ST
Los Angeles, CA 90063,3025 Lanfranco ST
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$1,250,000

$1,299,000

3.8%
Est.Price: ?

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Est. payment /mo

7,038 Sqft Lot


SOLD DATE : 01/22/2025

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRGD24237746

Sold Date 01/22/25

Originating Board California Regional MLS

Year Built 1961

Lot Size 7,038 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Laundry Gas Hookup, 30

Exterior

Garage Spaces 2.0

Pool None

Building

Water District - Public

Others

Tax ID 5186002009

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Vartan Achabahian • Prospect Group Inc.
Bought with Carlos Cordova
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270 3rd St, Los Altos, California, 94022, USA

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