3025 Lanfranco Street
Los Angeles, CA 90063
- – beds
- – baths
- – sqft
- 7,038 sqft lot
- 1961 build
- – on site
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.
Last checked:
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Last updated Dec 17, 2024
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MLS# GD24237746 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1961
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2819.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:Two
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Entry Location:1
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Number Wall AC:3
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Laundry:Gas Dryer Hookup, Washer Hookup
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Laundry:1
Location
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Directions:Corner of Lanfranco St and 30th St.
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Latitude:34.03442800
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Longitude:-118.20387700
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LAR2
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7038.0000
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Lot Size Acres:0.1616
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Lot Size SqFt:7038.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:B
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Tax Census Tract:2041.20
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Tax Tract:4
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Tax Lot:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5186002009
Heating & Cooling
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Heating:1
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Heating:Ductless
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Cooling:Yes
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Cooling:Ductless
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Biking, Dog Park, Sidewalks, Valley
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/14/22
Jul 14, 2022
|
Sold | BRIDGE |
