2828 Lanfranco Street

Los Angeles, CA 90033

$1,200,000
Price
12
Beds
6
Baths
4,320 Sq. Ft.
$278 / Sq. Ft.
4,320
Sq. Ft.
$278
per Sq. Ft.

Description

This is a great investment opportunity for anyone looking for property in the Boyle Heights area. This apartment building consists of 12 bedrooms and 6 bathrooms, each unit is 2 bedroom and 1 bath. All tenants are currently month to month leases the property is 100% occupied and subject to the City of Los Angeles rent control regulations. Easy access to major freeways 10fwy and 60 fwy close to coffee shops and restaurants. Current gross income is $5,959.00/monthThis is a great investment opportunity for anyone looking for property in the Boyle Heights area. This apartment building consists of 12 bedrooms and 6 bathrooms, each unit is 2 bedroom and 1 bath. All tenants are currently month to month leases the property is 100% occupied and subject to the City of Los Angeles rent control regulations. Easy access to major freeways 10fwy and 60 fwy close to coffee shops and restaurants. Current gross income is $5,959.00/month
  1. Listed by Lisa Dunn • DRE #01294782 • Brokerage DRE #01116835 • Boardwalk Real Estate, Inc.

Property Details for 2828 Lanfranco Street

Water Front
None
Zoning
LARD1.5
Cross Streets
Euclid Avenue and Lanfranco Street
Parcel Number
5185018023
Total Units
6.0
Living Area
4320
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
LISTING UPDATED: 08/18/2024 01:38 PM

Property Details for 2828 Lanfranco Street

StatusActive
MLS #24-425781
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.20 AC / 8,929 SF
CountyLos Angeles County

Building Information for 2828 Lanfranco Street

Stories2Residences-Year Built1962Building Size-Lot Size0.20 AC / 8,929 SF

Property Information for 2828 Lanfranco Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Pets Allowed: Pets Permitted
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Land
  • View: Yes
  • View Description: City Lights
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Direction Faces: East
  • Property Condition: Repair Cosmetic
  • Water: Public
  • Sewer: Not Available
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $71,508
  • Net Operating Income: $67,392.00
  • Gross Income: $5,959
  • Gross Rent Multiplier: $18.87
  • Actual Annual Gross Rent: $71,508.00
  • Actual Gross Annual Income: $71,508
  • Actual Rent Total: $5,959.00
  • Owner Pays: Water
  • Total Annual Expense: 4116
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Month to Month
  • Lot Acreage: 0.205
  • Lot Size Square Feet: 8929
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Covered Parking: 0
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Ceiling Fan
  • Heating: Natural Gas, Wall Furnace
  • Heating Type: Natural Gas, Wall
  • Equipment: Gas Dryer Hookup, Hood Fan, Garbage Disposal, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Bedroom Features: Main Floor Bedroom
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Windows: Window Blinds, Vertical Blinds, Screens
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-09-2024
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $906.00
  • Unit Actual Rent: $906.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $784.00
  • Unit Actual Rent: $784.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,190.00
  • Unit Actual Rent: $1,190.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $851.00
  • Unit Actual Rent: $851.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number of Carpet: 3
  • Number of Dishwasher: 0
  • Number Patio: 0
  • Number Rented Garages: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $482,490.00
  • Assessed Improvement Percent: 42.45
  • Assessed Land Value: $654,041.00
  • Assessed Land Percent: 57.55
  • Assessed Total Value: $1,136,531.00

Property History for 2828 Lanfranco Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2828 Lanfranco Street

Taxable ValueLand$667,121Additions$492,139Total$1,159,260
Tax Record2023$14,764 ($1,230 / month)
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtLot Size8,927 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD1.5CountyLOS ANGELESAPN5185-018-023

Schools near 2828 Lanfranco Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Euclid Avenue Elementary School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2828 Lanfranco Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on August 9, 2024 by Boardwalk Real Estate, Inc., it's currently listed at $1,200,000. It has been on the market for a total of 42 days and was last sold on April 26, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Euclid Avenue Elementary School, Hollenbeck Middle School and Felicitas And Gonzalo Mendez High. 2828 Lanfranco Street is a 12-bed, 6-bath, 4,320 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Boardwalk Real Estate, Inc., Lisa Dunn, DRE #01294782

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.