2828 Lanfranco Street

    Los Angeles (City), CA 90033
    • $1,075,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 18407866
    UPDATED: 37 min ago
    $1,075,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,320
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T13:28:26.76. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/89428090

    2828 Lanfranco Street Los Angeles (City), CA 90033

    • Price: $1,075,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 18407866
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,320
    SQFT
    $249
    $/SQFT
    1962
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    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.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.58 Gross Multiplier 16.26 Gross Operating Income 66126.00 Improvements Amount 166184 Land Value 142812 Laundry YN Yes Net Operating Income 38613.00 Special Listing Conditions Standard Total Expenses 26190.00 Zoning Lard1.5

    Listing provided courtesy of Jason Tuvia of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T13:28:26.76. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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