3025 Lanfranco Street, Los Angeles

$1,399,000

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7 Beds
3 Baths
.16 Acre
2 Garages

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!

Essential Information

MLS® #
GD24034780
Price
$1,399,000
Bedrooms
7
Bathrooms
3.00
Acres
0.16
Year Built
1921
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
3025 Lanfranco Street
Area
BOYH - Boyle Heights
City
Los Angeles
County
Los Angeles
Zip Code
90063
Community Features
Sidewalks
Senior Community
N

Amenities

Parking Spaces
2
# of Garages
2
Pool
None

Interior

# of Stories
2

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
February 19th, 2024
Days on Market
68
Zoning
LAR2

Listing Details

Agent
Vartan Achabahian
Office
Prospect Group Inc.
Property History
Price Reduced from $1,499,000 to $1,399,000

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Vartan Achabahian - Prospect Group Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 3:35am PDT. 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.