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Los Angeles, CA 90063 3641 Lanfranco Street

$1,475,000

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Presented By: Christopher Furstenberg with Nourmand & Associates-HW;
  • MLS# 24349373
  • 01/25/2024
  • Request Tour
  • Request Info
  • BedBeds • 7
  • BathBaths • 7
  • FootageSQFT • 3,179

Home Details

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.
Presented By: Christopher Furstenberg with Nourmand & Associates-HW;

Interior Features for 3641 Lanfranco Street

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths7

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 3641 Lanfranco Street

Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage No
Cap Rate5.43
Carport Y/NYes
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market67
DirectionsS of 60 Freeway, East of Indiana, North of Whittier Blvd
Garage Y/NNo
Gross Income120156.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet11390.0
MLS AreaELA - East Los Angeles
MobileHomeRemainsYNNo
Net Operating Income84156.0
New ConstructionNo
Open Parking Spaces8.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameLanfranco
Total Units3
View Y/NNo
Waterfront Y/NNo
Year Built1905
ZoningLCR4YY

Exterior for 3641 Lanfranco Street

Building Area Total3179.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2615
Lot Size Area11390.0
Lot Size UnitsSquareFeet
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesCarport, Driveway
SpaNo
Total Parking8.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,475,000
MLS#24349373
List Date 01/25/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors