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2714 Lanfranco St, Los Angeles, CA 90033
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2714 Lanfranco St Los Angeles, CA 90033

$720,000 Sold Price as of 11/21/2022
  • 3 Beds
  • 3 Baths
  • 1,708 Sq.Ft.
Sold
$720,000 Sold Price as of 11/21/2022 Refinance Your Mortgage
Map preview of 2714 Lanfranco St, Los Angeles, CA 90033

Property Overview: 2714 Lanfranco St Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,708 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Contractor or Investors Dream! 2 units in Boyle Heights with approved constructions plans to expand the front unit. The Front unit has been approved for 3 Bedrooms and 2 Baths. The rear unit has been a FULLY remodeled and features 2 Bedrooms and 2 Baths. Ideal for an owner occupant to live in one and the rent the other. Property has been maintained well and is easy to show. The detached homes provide privacy for both occupants along with a large driveway which provides plenty of onsite parking. The property is located behind Roosevelt High School within walking distance. Blocks from 4th and Soto St. Located within minutes drive of Downtown L.A. and all connecting Freeways 5,110,60. If front home is turned into a 3/2 bathroom unit it has a rental potential of over $2,800/Month. The rear 2/2 could be rented for over $2,400/Month which would generate a total of $5,200/Month OR $62,400 a year in gross rents. Zoned Tear 3 for high density, refer to Zimas for details. Thank you for showing! ***AN OFFER HAS BEEN ACCEPTED AND WE ARE IN ESCROW. WE ARE NOW TAKING OFFERS SUBJECT TO OVERBID IN ORDER TO CLOSE ESCROW***

Listed by Jimmy Alexander | BRE #01876523 | Keller Williams Beverly Hills
Last checked: 1 minute ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22116971
City
Los Angeles
County
Los Angeles
Time on Site
899 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $722
  • Total Rent: $722
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 65.21
  • Gross Scheduled Income: --
  • Net Operating Income: $8,664
  • Gross Operating Income: $8,664
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2714 Lanfranco St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5185017009
  • Property Condition: Fixer, Under Construction, Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Exit Whittier Blvd from 60 FWY
View more facts & features

Local Los Angeles Agent

Sale History for 2714 Lanfranco St

Last sold for $720,000 on November 21st, 2022

  • November, 2022

  • Nov 21, 2022

    Date

    Sold

    CRMLS: 22116971

    $720,000

    Price

  • Jan 8, 2022

    Date

    Active

    CRMLS: 22116971

    $565,000

    Price

  • January, 2022

  • Jan 9, 2022

    Date

    Canceled

    CRMLS: 21112319

    $565,000

    Price

  • Dec 15, 2021

    Date

    Active

    CRMLS: 21112319

    $565,000

    Price

  • Listing provided courtesy of CRMLS

    Contractor or Investors Dream! 2 units in Boyle Heights with approved constructions plans to expand. Both units are currently 1 Bedroom 1 Bath Each. The Front unit has been approved for 3 Bedrooms and 2 Baths. The rear unit has been approved for 2 Bedrooms and 2 Baths. Ideal for an owner occupant to live in one and the rent the other. Property has been maintained well and is easy to show. The detached homes provide privacy for both occupants along with a large driveway which provides plenty of onsite parking. The property is located behind Roosevelt High School within walking distance. Blocks from 4th and Soto St. Located within minutes drive of Downtown L.A. and all connecting Freeways 5,110,60. The 3/2 bathroom home has a rental potential of over $2,800/Month. The rear 2/2 could be rented for over $2,400/Month which would generate a total of $5,200/Month OR $62,400 a year in gross rents. Zoned Tear 3 for high density, refer to Zimas for details. Thank you for showing!

  • December, 2018

  • Dec 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2018

  • Jun 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

Show More

Tax History for 2714 Lanfranco St

Assessed Value (2020): $504,798
Year Land Value Improved Value Assessed Value
2020 $329,664 $175,134 $504,798

Home Value Compared to the Market

This property vs the competition

2714 Lanfranco St sold on November 21, 2022 for 40.27% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $395.14 per/sqft which puts the price per square foot 47.59% lower than the current median sale per square foot for the city of Los Angeles.

About 2714 Lanfranco St

Detailed summary of property

2714 Lanfranco St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,708 living square feet, and sits on an approximately 6,251 square foot lot. 2714 Lanfranco St was first listed on ArdentRealEstateGroup.com on January 9, 2022. The homeowner sold the property for $720,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 40.27% lower than the current median priced home. Local homes that are currently for sale include 1086 N Bonnie Beach Pl, 4280 Dennison St and 2105 Keith St. While the average home in Los Angeles, CA is selling in 98 days, 2714 Lanfranco St has a days on market of 59 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2714 Lanfranco St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2714 Lanfranco St

Public county record property details
Beds
1
Baths
1
Year built
1925
Sq. Ft.
1,708
Lot Size
6,250
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5185-017-009

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$625
Total Inventory
12
Median Sale to List Price %
108.01%
Avg Days on Market
19
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (20%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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