3025 Lanfranco Street Los Angeles, CA ^$ 1,399,000

3025 Lanfranco Street

^$ 1,399,000

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3025 Lanfranco Street

Los Angeles, CA, 90063

^$ 1,399,000

Bedrooms7 Baths3.0 Sq 2,819

Monthly Estimate*

^$ 9,772

Listed by Prospect Group Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $1,399,000 with 7 bedrooms and 3 full baths. This 2,819 square foot home was built in 1921 on a lot size of 0.1616.

Introducing an exceptional investment opportunity in the heart of Boyle Heights, California! This meticulously maintained property consists of two buildings each containing two units, three of which have been remodeled, offering a total of four units for potential rental income. All units are currently occupied, generating an impressive actual collected monthly rent of $8,400, equating to over $100,000 per year. This represents a solid return on investment in a thriving rental market. Updates include new electrical and plumbing systems, fresh paint, modern flooring, and new laundry connections for added convenience. The kitchens have been upgraded with new countertops and cabinets, while the bathrooms feature new vanities, mirrors, and toilets. Located in the vibrant community of Boyle Heights, tenants enjoy easy access to local amenities, schools, parks, dining, and entertainment options. With updated interiors and a prime location, these units offer an attractive opportunity for investors seeking steady rental income in a high-demand area. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer exploring the world of real estate investment, this property is a must-see. Don't miss out on the chance to capitalize on this lucrative opportunity!

Multi-Family Active

Price

^$ 1,399,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1616

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

GD24034780

Days on Market

Features

General

Sewer PublicSewer

Zoning LAR2

Garage Spaces 2.0

Pool Features None

Year Built 1921

Tenant Pays Electricity Gas TrashCollection

Property SubType Quadruplex

Gross Income 100500.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 75500.0

Operating Expense 25000.0

Insurance Expense 2575.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions I-5S exit 4th St L on E 4th St R on Euclid Ave L on Lanfranco St

City Los Angeles

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area BOYH - Boyle Heights

Lot Size Square Feet 7038.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Lanfranco

Listing Terms Cash CashtoNewLoan Item1031Exchange VALoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 250.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 5

Property Sub Type Additional Quadruplex

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 2.0

Lot Size Area 7038.0

Number of Buildings 2

Spa N

Building Area Total 2819.0

Lot Size Acres 0.1616

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features WasherHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3025

* Excluded Features

List By

Prospect Group Inc.

Broker

(818) 497-5294

Phone

Affordability Calculator

$9,772

Per Month

Monthly Principal & Interest: $9,772
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 43%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/27/2024	$1,399,000	-6.67%	Price Down
2/20/2024	$1,499,000		Listed Price

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3025 Lanfranco Street, Los Angeles, CA, 90063 is a Multi-Family Home for sale at $1,399,000 with 2,819 sqft and a lot size of 0.1616. 3025 Lanfranco Street has 7 bedrooms, 3.0 baths, and was built in 1921. The property's zip code is 90063 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3025 Lanfranco Street

Multi-Family Home for sale in Los Angeles, CA

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