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.
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
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Ductless
Heating
Ductless
Exterior
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
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address3025 Lanfranco Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90063
Similar Listings Nearby
- 5274 Ithaca Avenue
Los Angeles, CA$1,750,000
3.40 miles away
- 3313 Folsom Street
Los Angeles, CA$1,750,000
0.92 miles away
- 275 S Union Avenue
Los Angeles, CA$1,749,000
4.11 miles away
- 1611 E Cesar E Chavez Avenue
Los Angeles, CA$1,699,500
1.45 miles away
- 1610 FARGO ST
Los Angeles, CA$1,699,000
4.62 miles away
- 2416 Echo Park Avenue
Los Angeles, CA$1,695,000
4.87 miles away
- 1020 S Westlake Avenue
Los Angeles, CA$1,690,000
4.43 miles away
- 608 Via Altamira
Montebello, CA$1,680,000
4.26 miles away
- 6521 Walker Avenue
Bell, CA$1,679,000
4.46 miles away
- 4742 S Live Oak Street
Cudahy, CA$1,675,000
4.81 miles away
Courtesy of Prospect Group Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3025 Lanfranco Street
Los Angeles, CA
LIGHTBOX-IMAGES