3025 Lanfranco Street

Los Angeles, CA 90063

  • 7 Bed(s)
  • 4 Bath(s)
  • 2,819 Sqft
  • 7038
    Sqft(Lot)
$1,299,000

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.

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47744818

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Ductless
    • Air Conditioning

    Heating Source

    • Ductless
    • Has Heating

  • Building Information

    • Year Built: 1961
    • Building Area Total: 2,819

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1616
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7038

  • Listing Price Information

    • Original List Price: 1,299,000
    • Listing Contract Date: 2024-11-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5186002009

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Postal Code Plus 4: 3134
    • Directions: Corner of Lanfranco St and 30th St.
    • Zoning: LAR2
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 63
    • Common Walls: 1 Common Wall
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/22/2024 @ 14:23

  • MLS: GD24237746
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 2,819 sqft, 7,038 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90063, this Los Angeles County Home are nearby neighborhoods.