3025 Lanfranco Street Pending

Los Angeles,CA 90063

$ 1299000

7 Beds

0 Bath

2819 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

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

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