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.
Sold for $1,250,000 on 01/22/25
Listing Provided by:
Vartan Achabahian DRE #01728975 vartan@prospectgroup.net,
Prospect Group Inc.
$1,250,000
3025 Lanfranco St, Los Angeles, CA 90063
--beds
--baths
2,819sqft
Quadruplex
Built in 1961
-- sqft lot
$1,228,500 Zestimate®
$443/sqft
$3,840 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 22, 2025 at 04:49pm
Listing Provided by:
Vartan Achabahian DRE #01728975 vartan@prospectgroup.net,
Prospect Group Inc.
Bought with:
Carlos Cordova, DRE #02078665
Pak Home Realty
Source: CRMLS,MLS#: GD24237746
Originating MLS: California Regional MLS

Facts & features
Interior
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 sqft
- 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 & neighborhood
Community
- Community features: Biking, Dog Park, Sidewalks, Valley
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 101280
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan
Services availability
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
$1,228,500
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
$1,228,500