32
3025 Lanfranco Street
Los Angeles, CA 90063
$1,349,000
For Sale
- 2,819 sq ft
Local Information
About this home
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 prop
Home Highlights
No Info
None
No Info
$192
Cooling Only
2 months ago
Home Details for 3025, Lanfranco Street
Interior Features
Interior Features
- Laundry: Gas Dryer Hookup, Other
Heating & Cooling
- Cooling: Other
Exterior Features
Exterior Home Features
- Exterior Details: Other
Parking & Garage
- Garage: No Garage
Pool & Views
- Private Pool: No Private Pool
Water & Sewer
- Water Source: Public
- Sewer: Public Sewer
Property Information
Property Information
- Parcel Number: 5186002009
- Lot Size (sq ft): 7,038
Property Type & Style
- Type: Residential Income
- Subtype: Quadruplex
Year Built
- Year: 1961
Location
- Directions: Please use Google Maps
Listing Attribution
- Agent Name: Vartan Achabahian
- Brokerage: Prospect Group Inc.
- Contact: 818-497-5294
Bay East ©2024 CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10/20/2024, 2:38:22 PM PDT.