3025 Lanfranco Street
Los Angeles, CA 90063
Active for $1,299,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 7,038 sqft
| MLS | GD24237746 |
| Year Built | 1961 |
| Property Type | Quadruplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,299,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,038 sqft |
| Beds | N/A |
| Baths | N/A |
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 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.
Listing information courtesy of: Vartan Achabahian, Prospect Group Inc. 818-497-5294. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Tina Parker-Kleine
REALTOR®
Direct: 951.264.9502
Email: Email Me
DRE: 01311964
DRE #01873088
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