3025 Lanfranco Street, Los Angeles, CA 90063
  • MLS#: GD24199751 ( Quadruplex )
  • Street Address: 3025 Lanfranco Street
  • Viewed: 2
  • Price: $1,349,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 52
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90063
  • Provided by: Prospect Group Inc.
  • Contact: Vartan Vartan
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 2819.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Ductless
Country
  1. US
Days On Market
  1. 27
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 2.00
Heating
  1. Ductless
Insurance Expense
  1. 2575.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 66280.00
Parcel Number
  1. 5186002009
Pool Features
  1. None
Postalcodeplus4
  1. 3134
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 423852135:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 101280.00
Totalexpenses
  1. 2825.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 250.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. LAR2