Seller's Agent in 2025
Vartan Achabahian
Prospect Group Inc.
(818) 497-5294
1 in this area
62 Total Sales
3025 Lanfranco St Los Angeles, CA 90063
7
Beds
4
Baths
2,819
Sq Ft
7,038
Sq Ft Lot
Highlights
- No HOA
- Ductless Heating Or Cooling System
- Bike Trail
- Felicitas and Gonzalo Mendez High Rated A-
- Laundry Room
- 5-minute walk to Evergreen Recreation Center
About This Home
As of January 2025We 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.
Last Agent to Sell the Property
Prospect Group Inc. Brokerage Email: vartan@prospectgroup.net License #01728975 Listed on: 11/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,816
Year Built
- Built in 1961
Lot Details
- 7,038 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,819 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5 / B
- Tax Tract Number 4
- Assessor Parcel Number 5186002009
- $556 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Valley
Recreation
- Dog Park
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,575
- Water Sewer Expense $250
- Operating Expense $2,825
- Gross Income $101,280
- Net Operating Income $66,280
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2024
Closed on
Feb 25, 2025
Sold by
Hernandez Celeste and Hernandez Danny Alexander
Bought by
Kc Homes & Rentals Llc
Seller's Agent
Vartan Achabahian
Prospect Group Inc.
Buyer's Agent
Carlos Cordoba
Pak Home Realty
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,478
Avg. Annual Appreciation
-1.31%
Purchase Details
Listed on
Nov 20, 2024
Closed on
Dec 16, 2024
Sold by
Urban Shelter Llc
Bought by
Hernandez Celeste and Hernandez Danny Alexander
Seller's Agent
Vartan Achabahian
Prospect Group Inc.
Buyer's Agent
Carlos Cordoba
Pak Home Realty
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%
Views
30
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,500
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2003
Sold by
Bernal Mario and Bernal Eremita
Bought by
Bernal Mario and Bernal Eremita
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Grant Deed | $1,250,000 | Wfg National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $922,500 | New Conventional | |
| Previous Owner | $55,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/22/2025 01/22/25 | Sold | $1,250,000 | -3.8% | $443 / Sq Ft |
| 12/05/2024 12/05/24 | Pending | -- | -- | -- |
| 11/20/2024 11/20/24 | For Sale | $1,299,000 | +97.7% | $461 / Sq Ft |
| 07/14/2022 07/14/22 | Sold | $657,000 | 0.0% | $233 / Sq Ft |
| 07/13/2022 07/13/22 | Off Market | $657,000 | -- | -- |
| 07/13/2022 07/13/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 07/12/2022 07/12/22 | Off Market | $657,000 | -- | -- |
| 07/12/2022 07/12/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 07/11/2022 07/11/22 | Off Market | $657,000 | -- | -- |
| 07/10/2022 07/10/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 07/09/2022 07/09/22 | Off Market | $657,000 | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 04/05/2022 04/05/22 | Off Market | $657,000 | -- | -- |
| 04/05/2022 04/05/22 | Pending | -- | -- | -- |
| 04/05/2022 04/05/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 04/04/2022 04/04/22 | Off Market | $657,000 | -- | -- |
| 04/03/2022 04/03/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 04/02/2022 04/02/22 | Off Market | $657,000 | -- | -- |
| 04/02/2022 04/02/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 04/01/2022 04/01/22 | Off Market | $657,000 | -- | -- |
| 04/01/2022 04/01/22 | For Sale | $650,000 | 0.0% | $231 / Sq Ft |
| 03/29/2022 03/29/22 | For Sale | $650,000 | -1.1% | $231 / Sq Ft |
| 03/18/2022 03/18/22 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | Off Market | $657,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,816 | $702,270 | $338,130 | $364,140 |
| 2024 | $8,816 | $688,500 | $331,500 | $357,000 |
| 2023 | $8,652 | $675,000 | $325,000 | $350,000 |
| 2022 | $1,413 | $74,097 | $23,303 | $50,794 |
| 2021 | $1,381 | $72,646 | $22,847 | $49,799 |
| 2019 | $1,351 | $70,493 | $22,170 | $48,323 |
| 2018 | $1,225 | $69,112 | $21,736 | $47,376 |
| 2016 | $1,144 | $66,431 | $20,893 | $45,538 |
| 2015 | $1,049 | $65,434 | $20,580 | $44,854 |
| 2014 | $1,079 | $64,153 | $20,177 | $43,976 |
Source: Public Records
Agents Affiliated with this Home
-
Vartan Achabahian
-
Carlos Cordoba
Buyer's Agent in 2025
Carlos Cordoba
Pak Home Realty
(562) 794-4833
1 in this area
26 Total Sales
-
Christian Zane
C
Seller's Agent in 2022
Christian Zane
Empowerment Realty
(951) 444-1333
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD24237746
APN: 5186-002-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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