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3025 Lanfranco St, Los Angeles, CA, 90063

$1,299,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3025 Lanfranco St, Los Angeles$1,299,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Garage2 spaces
Year Built1961
HeatingDuctless
CoolingDuctless
MLS #GD24237746
Lot Size0.16 Acres
StatusActive

About 3025 Lanfranco St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Stories: 2

Listing Office:

  • Office Name: Prospect Group Inc.
  • Office Email: vartan@prospectgroup.net
  • Listing Agent: Vartan Achabahian

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Ductless
  • Cooling: Ductless

Other

Directions Information:

  • Directions: Corner of Lanfranco St and 30th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,299,000

Tax Information:

  • Annual Amount: $1,381
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

3025 Lanfranco St vs Los Angeles

1 DAY ON ROCKET

-37 Days

$1,299,000

+$275.5K More

KEY TAKEAWAY

This property is $275.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24237746

Listing Office:

  • Office Name: Prospect Group Inc.
  • Office Email: vartan@prospectgroup.net
  • Listing Agent: Vartan Achabahian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,381$72,646
2020$1,351$71,902
2019$1,224$70,493
2018$1,203$69,112
2017$1,203$67,758

History based on county public records data.

Payment Calculator

$6,551

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,961

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-169933
4
/10

  • Euclid Avenue Elementary School

  • 806 Euclid Ave

  • 0.25 miles

  • Public District Grades KG-5

school-card-donut-169934
6
/10

  • Kipp Promesa Preparatory

  • 207 S Dacotah St

  • 0.25 miles

  • Public Charter Grades KG-4

school-card-donut-169935
6
/10

  • 1st Street Elementary

  • 2820 E 1st St

  • 0.45 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,091. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90063›3025 Lanfranco St

This home is located at 3025 Lanfranco St in Los Angeles, CA and zip code 90063 in the Boyle Heights neighborhood. This home, which was built in 1961, sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $1,299,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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