2714 Lanfranco St, Los Angeles, CA 90033

$720,000
3
BD
4
BA
1,708
SqFt
Sold Price
$720,000
List Price
$674,900
Closing Date
Nov 21, 2022
MLS#
22-116971
Year Built
1925
Bedrooms
3
Bathrooms
4
Living Sq. Ft
1,708
Lot Size
6,251
Days on Market
281
Property Type
Multifamily

Property Description

Contractor or Investors Dream! 2 units in Boyle Heights with approved constructions plans to expand the front unit. The Front unit has been approved for 3 Bedrooms and 2 Baths. The rear unit has been a FULLY remodeled and features 2 Bedrooms and 2 Baths. Ideal for an owner occupant to live in one and the rent the other. Property has been maintained well and is easy to show. The detached homes provide privacy for both occupants along with a large driveway which provides plenty of onsite parking. The property is located behind Roosevelt High School within walking distance. Blocks from 4th and Soto St. Located within minutes drive of Downtown L.A. and all connecting Freeways 5,110,60. If front home is turned into a 3/2 bathroom unit it has a rental potential of over $2,800/Month. The rear 2/2 could be rented for over $2,400/Month which would generate a total of $5,200/Month OR $62,400 a year in gross rents. Zoned Tear 3 for high density, refer to Zimas for details. Thank you for showing! ***AN OFFER HAS BEEN ACCEPTED AND WE ARE IN ESCROW. WE ARE NOW TAKING OFFERS SUBJECT TO OVERBID IN ORDER TO CLOSE ESCROW***

Additional Information

Association Amenities
None
Lot Description
Fenced
Other Buildings
None
Pool Description
None
Heat
None
Cooling
None
Number of Cars in Garage
Driveway

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Courtesy of , Jimmy Alexander - CA DRE# Selling Office: .

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