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3641 Lanfranco St, Los Angeles, CA 90063
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3641 Lanfranco St Los Angeles, CA 90063

$1,475,000
  • 8 Beds
  • 6 Baths
  • 3,179 Sq.Ft.
For Sale
$1,475,000 Get Pre-Qualified
Map preview of 3641 Lanfranco St, Los Angeles, CA 90063

Property Overview: 3641 Lanfranco St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,179 living square feet and 11,390 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Newly Priced! East LA- 5.61% Cap (with the possibility of the Cap rate of getting close to 6% with rent increases in August 2024) Great investment property situated on a huge 11,387 Sq Ft lot. Not subject to LA's (RSO) Rent Stabilization Ordinance. 3 separate buildings and each unit has NO shared walls. 2 driveways with a lot of room for parking. Close to Mariachi Plaza/Boyle Heights and a short distance to DTLA, Crypto/LA LIVE, Dodger Stadium, & Cal State LA. High rental demand area and great unit mix. (2- 2+1, 1 4+3, and one Studio) Convenient and quick access to 5, 60, and 10 freeways. Shown with accepted offer only. 100% Tenant Occupied. Do not walk on the property or disturb tenants. Agents READ private comments.

Listed by Christopher Furstenberg | BRE #01208924 | Nourmand & Associates-HW
Last checked: 3 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 86
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Home details

Lot Sq. Ft
11,390
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24349373
City
Los Angeles
County
Los Angeles
Time on Site
92 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,472
  • Total Rent: $2,472
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,081
  • Total Rent: $1,081
  • Pro Forma/Market Rent: $1,081
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,420
  • Total Rent: $2,420
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,120
  • Total Rent: $4,120
  • Pro Forma/Market Rent: $4,120
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: 12.9
  • Gross Scheduled Income: --
  • Net Operating Income: $84,156
  • Gross Operating Income: $120,156
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3641 Lanfranco St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5238002017
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: S of 60 Freeway, East of Indiana, North of Whittier Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 3641 Lanfranco St

Last sold for $1,360,000 on April 26th, 2022

  • January, 2024

  • Jan 25, 2024

    Date

    Active

    CRMLS: 24349373

    $1,550,000

    Price

  • April, 2022

  • Apr 26, 2022

    Date

    Sold

    CRMLS: 22122689

    $1,360,000

    Price

  • Jan 28, 2022

    Date

    Active

    CRMLS: 22122689

    $1,459,000

    Price

  • Listing provided courtesy of CRMLS

    Back-on-Market, buyer didn't perform. Over 5CAP Great Income Property with Huge Lot over 11,000 sq ft in East LA. 3 separate buildings; no shared wall, of each unit with an ample parking and driveway. Fully finished Garage for extra storage or rec room. Conveniently located in a quiet residential area and well centralized, close to Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, Metro Gold Line, minutes to Downtown Los Angeles, Dodger Stadium, Staples Center, quick access to freeways 5, 60, 10, 710 and 110 Fwy. Not subject to the city of LA's Rent Stabilization Ordinance (RSO)

  • January, 2021

  • Jan 15, 2021

    Date

    Active

    CRMLS: 21680440

    $1,515,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for investor and owner use. Quite and nice area to live in. Front house has (3645) 4 bed , 2 full bath and 2 1/2 bath.bring in income of $ 4000 per month. In rear 2 separate houses are 2 bed , 1 bath each with separate yard with washer dryer ( 3641 and 3643 ) each unit income is $ 2350 and $ 2400. ADU single ( $ 1050). Lots of parking spaces and Lot is over 11300 sf. Zoning is LCR4YY. This property is located with easy access to the 5, 60 and 710 freeways. MUST SEE!!!

  • March, 2020

  • Mar 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $735,000

    Price

  • November, 1993

  • Nov 17, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3641 Lanfranco St

Assessed Value (2020): $386,202
Year Land Value Improved Value Assessed Value
2020 $213,081 $173,121 $386,202

Home Value Compared to the Market

This property vs the competition

3641 Lanfranco St is listed 18.09% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $463.98 per/sqft which puts the price per square foot 39.9% lower than the median price per square foot for the city of Los Angeles.

About 3641 Lanfranco St

Detailed summary of property

3641 Lanfranco St is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 3,179 living square feet, and sits on an approximately 11,390 square foot lot. 3641 Lanfranco St was first listed on ArdentRealEstateGroup.com on January 25, 2024. The homeowner is currently asking $1,475,000 and was originally asking $1,550,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 18.09% higher than the median priced home. Local competing homes currently for sale include 801 N Hazard, 926 S Ford Blvd and 2500 E 1st St. While the average home in Los Angeles, CA is selling in 97 days, 3641 Lanfranco St has a days on market of 86 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3641 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 3641 Lanfranco St

Public county record property details
Beds
7
Baths
3
Year built
1905
Sq. Ft.
3,179
Lot Size
11,387
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15,17
APN
5238-002-017

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
$650,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$511
Total Inventory
25
Median Sale to List Price %
100%
Avg Days on Market
6
Loan Type
Conventional (20%), FHA (20%), VA (0%), Cash (20%), Other (0%)

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Recently Sold Homes Near 3641 Lanfranco St

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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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