3025 Lanfranco St Los Angeles, CA 90063

$--

8 Beds
4 Baths
2,819 Sq.Ft.

Off Market

Map preview of 3025 Lanfranco St, Los Angeles, CA 90063

Property Overview: 3025 Lanfranco St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,819 living square feet and 7,035 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3025 Lanfranco St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3025 Lanfranco St

View property's historical transactions

April, 2024
Apr 30, 2024

Date

Canceled

CRMLS: GD24034780

$1,399,000

Price
Feb 19, 2024

Date

Active

CRMLS: GD24034780

$1,499,000

Price
Listing provided courtesy of CRMLS

Introducing an exceptional investment opportunity in the heart of Boyle Heights, California! This meticulously maintained property consists of two buildings each containing two units, three of which have been remodeled, offering a total of four units for potential rental income. All units are currently occupied, generating an impressive actual collected monthly rent of $8,400, equating to over $100,000 per year. This represents a solid return on investment in a thriving rental market. Updates include new electrical and plumbing systems, fresh paint, modern flooring, and new laundry connections for added convenience. The kitchens have been upgraded with new countertops and cabinets, while the bathrooms feature new vanities, mirrors, and toilets. Located in the vibrant community of Boyle Heights, tenants enjoy easy access to local amenities, schools, parks, dining, and entertainment options. With updated interiors and a prime location, these units offer an attractive opportunity for investors seeking steady rental income in a high-demand area. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer exploring the world of real estate investment, this property is a must-see. Don't miss out on the chance to capitalize on this lucrative opportunity!

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December, 2023
Dec 8, 2023

Date

Canceled

CRMLS: GD23068936

$1,499,000

Price
Apr 24, 2023

Date

Active

CRMLS: GD23068936

$1,600,000

Price
Listing provided courtesy of CRMLS

Presenting a rare investment opportunity! Three of four units are renovated and move-in ready for a new owner to generate immediate income at market rents. The property is comprised of two separate buildings, each with two units. One unit is occupied and not updated, and the three other units have updated interiors, including new electrical, new plumbing, new paint, new flooring, new laundry connections, new kitchen countertops and cabinets, new bathroom vanities, mirrors, and toilets. Separately metered for gas and electricity.

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Tax History for 3025 Lanfranco St

Assessed Value (2020): $71,902

Year	Land Value	Improved Value	Assessed Value
2020	$22,613	$49,289	$71,902

About 3025 Lanfranco St

Detailed summary of property

3025 Lanfranco St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90063 and is currently off market. This property has 8 bedrooms, 4 bathrooms, roughly 2,819 living square feet, and sits on an approximately 7,035 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Local nearby listings include 2436 Wabash Ave, 493 Nassau Court and 3936 E 5th St. The average home in Los Angeles, CA is selling in 93 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. If you are the homeowner and looking to sell the home at 3025 Lanfranco St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3025 Lanfranco St

Public county record property details

Beds: 8
Baths: 4
Year built: 1921
Sq. Ft.: 2,819
Lot Size: 7,035
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5,31-32
APN: 5186-002-009

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$640,000

Median List Price/Sq.Ft.

$625

Median Sold Price

$615,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

Median Sale to List Price %

90.57%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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(714) 706-1823

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