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Sold for $1,250,000
  • Listed by: Prospect Group Inc. • Vartan Achabahian • Contact: 818-497-5294
    Bought with: Pak Home Realty
    $1,250,000

    3025 Lanfranco St, Los Angeles, CA 90063

    7beds
    4baths
    2,819sqft
    Quadruplex
    Built in 1961
    -- sqft lot
    $1,235,400 Zestimate®
    $443/sqft
    $3,116 Estimated rent

    Home value

    $1,235,400

    $1.11M - $1.37M

    $3,116/mo

    Zestimate® history
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    What's special

    Two-car garageDesirable streetsAmple parkingNew paintModernized unitsComprehensive renovationsAdditional parking spaces
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Vartan Achabahian DRE #01728975 vartan@prospectgroup.net,

    Prospect Group Inc.

    Bought with:

    Carlos Cordova, DRE #02078665

    Pak Home Realty

    Source: CRMLS,MLS#: GD24237746MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Ductless
    Cooling
    • Ductless
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,819
    • Total interior livable area: 2,819 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 7,038 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5186002009
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Dog Park, Sidewalks, Valley
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $443/sqft
    • Tax assessed value: $702,270
    • Annual tax amount: $8,919
    • Date on market: 11/20/2024
    • Cumulative days on market: 69 days
    • Listing terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan
    • Total actual rent: 101280
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    1/22/2025Sold$1,250,000-3.8%$443/sqft
    Source: CRMLS #GD24237746 Report a problem
    12/17/2024Pending sale$1,299,000$461/sqft
    Source: CRMLS #GD24237746 Report a problem
    11/20/2024Listed for sale$1,299,000+92.4%$461/sqft
    Source: CRMLS #GD24237746 Report a problem
    7/14/2022Sold$675,000$239/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,919 +1.2%$702,270 +2%
    2024$8,816 +1.9%$688,500 +2%
    2023$8,652 +10.1%$675,000 +811%
    2022$7,856 +468.7%$74,097 +2%
    2021$1,381 -0.3%$72,646 +1%
    2020$1,386 $71,902 +2%
    2019$1,386 +13.2%$70,493 +2%
    2018$1,225 $69,112 +2%
    2017$1,225 +1.8%$67,758 +2%
    2016$1,203 +5.1%$66,431 +1.5%
    2015$1,144 +6%$65,434 +2%
    2014$1,079 $64,153 +2.5%
    2012-- $62,613 +2%
    2011-- $61,386 +0.8%
    2010-- $60,928 -0.2%
    2009-- $61,074 +2%
    2008-- $59,878 +2%
    2007-- $58,705 +2%
    2006-- $57,554
    2005-- $57,554 +4%
    2004-- $55,321 +1.9%
    2003-- $54,308 +2%
    2002-- $53,245 +4%
    2000-- $51,180
    Find assessor info on the county website

    Neighborhood: Boyle Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,235,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,235,400