Listed By:
Prospect Group Inc., vartan@prospectgroup.net, Vartan Achabahian
Listing Sold By:
Pak Home Realty
Local Realty Services Provided By:
KW Executive
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,250,000
3025 Lanfranco Street, Los Angeles, CA 90063
2,819
sq ft
.16
ac
Log In to Reveal Price
$1,250,000
3025 Lanfranco Street, Los Angeles, CA 90063
Estimation provided by Keller Williams Realty Inc.
2,819
sq ft
.16
ac
Closed
Sold
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 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.
Assessed Value is a combination of the land and additions.
2023
$8,652
(+512.54%)
$675,000
Land 325,000 +
Additions 350,000
2022
$1,413
(+2.25%)
$72,646
Land 22,847 +
Additions 49,799
2021
$1,381
(+2.23%)
$72,646
Land 22,847 +
Additions 49,799
2019
$1,351
(+12.33%)
$71,902
Land 22,613 +
Additions 49,289
2017
$1,203
$69,112
Land 21,736 +
Additions 47,376
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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