3025 Lanfranco Street
Los Angeles, CA, 90063
$1,349,000
Beds
0 Baths
SqFt
0.16 Acres
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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.

Property Details

Price:
$1,349,000
MLS #:
GD24199751
Status:
Active
Baths:
0
Address:
3025 Lanfranco Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Sep 25, 2024
State:
CA
ZIP:
90063
Lot Size:
7,038 sqft / 0.16 acres (approx)
Year Built:
1961
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Interior

Cooling
Ductless
Heating
Ductless

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Community Features
Biking, Dog Park, Sidewalks, Valley
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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Association Fee
0.00
Tenant Pays
Electricity, Gas

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