3641 Lanfranco Street

Los Angeles, CA 90063

$1,475,000
Price
7
Beds
7
Baths
3,179 Sq. Ft.
$464 / Sq. Ft.
3,179
Sq. Ft.
$464
per Sq. Ft.

Description

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...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.
  1. Listed by Christopher Furstenberg • DRE #01208924 • Brokerage DRE #01703618 • Nourmand & Associates-HW

Property Details for 3641 Lanfranco Street

Zoning
LCR4YY
Style
Traditional
Parcel Number
5238002017
Total Units
3.0
Living Area
3179
Source Living Area
Vendor Enhanced
Area
East LA
Vacancy Rate
0

Location

Listing Courtesy of Nourmand & Associates-HW, Christopher Furstenberg, DRE #01208924
Add your commute
LISTING UPDATED: 04/01/2024 12:45 PM

Property Details for 3641 Lanfranco Street

StatusActive
MLS #24-349373
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.26 AC / 11,390 SF
CountyLos Angeles County

Location

Listing Courtesy of Nourmand & Associates-HW, Christopher Furstenberg, DRE #01208924
Add your commute

Building Information for 3641 Lanfranco Street

Stories2Residences-Year Built1905Building Size-Lot Size0.26 AC / 11,390 SF

Payment Calculator

$9,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$1,526

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3641 Lanfranco Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Units
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $120,156
  • Net Operating Income: $84,156.00
  • Gross Income: $120,156
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: $12.90
  • Financial Info as Of: 01/18/2024
  • Total Annual Expense: 36000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2615
  • Lot Size Square Feet: 11390
Parking Details
Parking Details
  • Parking Garage: Carport, Driveway
  • Total Parking: 8
  • Open Other Spaces Total: 8
  • Parking Features: Carport, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,472.00
  • Unit Actual Rent: $2,472.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,420.00
  • Unit Actual Rent: $2,420.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,120.00
  • Unit Actual Rent: $4,120.00
  • Unit Projected Rent: $4,120.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,081.00
  • Unit Actual Rent: $1,081.00
  • Unit Projected Rent: $1,081.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $367,200.00
  • Assessed Improvement Percent: 26.47
  • Assessed Land Value: $1,020,000.00
  • Assessed Land Percent: 73.53
  • Assessed Total Value: $1,387,200.00

Property History for 3641 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 3641 Lanfranco Street

Taxable ValueLand$1,020,000Additions$367,200Total$1,387,200
Tax Record2023$18,317 ($1,526 / month)
Home Facts
Total Finished SqFt3,179 SqFtAbove Grade Finished SqFt3,179 SqFtLot Size11,387 SqFtStyleTriplexYear Built1905ZoningLCR4YYCountyLOS ANGELESAPN5238-002-017

Schools near 3641 Lanfranco Street

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

James A. Garfield Senior High School
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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3641 Lanfranco Street is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on January 25, 2024 by Nourmand & Associates-HW, it's currently listed at $1,475,000. It has been on the market for a total of 92 days and was last sold on April 26, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Rowan Avenue Elementary School, Ivy Academia Entrepreneurial Charter School and James A. Garfield Senior High School. 3641 Lanfranco Street is a 7-bed, 7-bath, 3,179 sqft multi-family home built in 1905.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nourmand & Associates-HW, Christopher Furstenberg, DRE #01208924

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.