$1,250,000Sold Price
2,819 Sqft
7,038 Sqft

3025 Lanfranco Street, Los Angeles, CA 90063

  • Residential Income Property Type
  • 1961 Year Built
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

Basic Details
Residential Income
Quadruplex
Sold
CRGD24237746
$1,299,000
15
2,819 Sqft
1961
7,038 Sqft
0.16 Acre
Closed
Features
: Other
: Other
Public Sewer
: Gas Dryer Hookup, Other
Address Map
CA
Los Angeles
Los Angeles
90063
Lanfranco Street
3025
W119° 47' 45.9''
N34° 2' 3.7''
LAR2
Corner of Lanfranco St and 30th St.
Additional Info
Prospect Group Inc.
Vartan Achabahian
vartan@prospectgroup.net
Sold
Public
For Sale
Price History
01/22/2025
$1,250,000
11/20/2024
$1,299,000
$0
Additional Information
2819
Listing Information
2025-01-23T01:48:05Z
BayEast
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    Agent info
    Mallik Reddy Kesari
    Realty++
    Lakshmi Suneeta Chinta
    Realty++
    Srinivas Sanigepalli
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629