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2828 Lanfranco St, Los Angeles, CA 90033
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2828 Lanfranco St Los Angeles, CA 90033

$1,060,000 Sold Price as of 04/26/2019
  • 12 Beds
  • 6 Baths
  • 4,320 Sq.Ft.
Sold
$1,060,000 Sold Price as of 04/26/2019 Refinance Your Mortgage
Map preview of 2828 Lanfranco St, Los Angeles, CA 90033

Property Overview: 2828 Lanfranco St Los Angeles, CA has 12 bedrooms, 6 bathrooms, 4,320 living square feet and 8,927 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a six unit multifamily property located in Boyle Heights, California. Situated at 2828Lanfranco Street, north of Whitter Boulevard and west of South Lorena Street, the property is well positioned in an area withinBoyle Heights that is a short drive to Downtown.Constructed in 1962, the property sits in an up and coming area and has a streamlined unit mix of six (6) two bedroom/ onebathroom units. Situated on a large lot, the property features ample parking for tenants, well-maintained grounds, and a storageshed in the back.Well positioned in a gentrifying area of Boyle Heights, the subject property offers dominant access to numerous entertainmentpossibilities, which presents a special opportunity for an investor to capitalize on significant rental upside potential.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 36 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
8,927
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18407866
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $726
  • Total Rent: $726
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $787
  • Total Rent: $787
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $838
  • Total Rent: $838
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.58%
  • Gross Rent Multiplier: 16.26
  • Gross Scheduled Income: --
  • Net Operating Income: $38,613
  • Gross Operating Income: $66,126
  • Improvements Total: $166,184
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2828 Lanfranco St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5185018023
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Situated at 2828 Lanfranco Street, north of Whitter Boulevard and west of South Lorena Street, the property is well positioned in an area withinBoyle Heights that is a short drive to Downtown.
View more facts & features

Local Los Angeles Agent

Sale History for 2828 Lanfranco St

Last sold for $1,060,000 on April 26th, 2019

  • April, 2019

  • Apr 29, 2019

    Date

    Sold

    CRMLS: 18407866

    $1,060,000

    Price

  • Jan 10, 2019

    Date

    Active Under Contract

    CRMLS: 18407866

    $1,075,000

    Price

  • Nov 15, 2018

    Date

    Active

    CRMLS: 18407866

    $1,075,000

    Price

  • April, 2019

  • Apr 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,060,000

    Price

  • February, 2001

  • Feb 21, 2001

    Date

    Sold (Public Records)

    Public Records

    $238,000

    Price

Show More

Tax History for 2828 Lanfranco St

Assessed Value (2020): $1,081,200
Year Land Value Improved Value Assessed Value
2020 $622,200 $459,000 $1,081,200

Home Value Compared to the Market

This property vs the competition

2828 Lanfranco St sold on April 26, 2019 for 9.66% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $248.84 per/sqft which puts the price per square foot 67.04% lower than the current median sale per square foot for the city of Los Angeles.

About 2828 Lanfranco St

Detailed summary of property

2828 Lanfranco St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 4,320 living square feet, and sits on an approximately 8,927 square foot lot. 2828 Lanfranco St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,060,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 9.66% lower than the current median priced home. Local homes that are currently for sale include 2103 Michigan Ave, 2831 Boulder St and 3512 E 7th St. While the average home in Los Angeles, CA is selling in 94 days, 2828 Lanfranco St has a days on market of 55 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2828 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 2828 Lanfranco St

Public county record property details
Beds
12
Baths
6
Year built
1962
Sq. Ft.
4,320
Lot Size
8,926
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5185-018-023

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
$778,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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