3025 Lanfranco Street

Los Angeles, CA 90063

$1,299,000

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
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$185
Cooling Only
3 weeks 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: Corner of Lanfranco St and 30th St.

Listing Attribution

  • Agent Name: Vartan Achabahian
  • Brokerage: Prospect Group Inc.
  • Contact: 818-497-5294
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