$ 1,299,000
3025 Lanfranco Street Los Angeles, CA 90063
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$ 1,299,000
Est. payment | /mo
7 Beds
2,819 SqFt
$ 1,299,000
Est. payment | /mo
7 Beds
2,819 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,819 sqft
Price per Sqft $460
MLS Listing ID CRGD24237746
Bedrooms 7
HOA Y/N No
Year Built 1961
Lot Size 7,038 Sqft
Acres 0.16
Property 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 prop
Location
State CA
County Los Angeles
Area Listing
Zoning LAR2
Interior
Cooling Other
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
Exterior Feature Other
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 5186002009
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Vartan Achabahian • Prospect Group Inc.
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