2734 Lanfranco Street, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 1 bath
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2734 Lanfranco Street
Los Angeles, California 90033
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
816Sq Ft
11,108Lot Size
Property Price
LIST PRICE$998,000
EST. MARKET VALUE
$998,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $998,000—positioned well below the $1,004,161 Fair Market Value by 0.61%. This valuation gap offers $6,161 in Instant Equity. Featuring a Condition Rating of 6 and LARD1.5 Zoning, the expansive 11,108 SF lot provides significant multi-unit development potential. With existing tenants providing immediate cash flow, this is a strategic Asset ideal for Buy-and-Hold Investors or Developers seeking a value-add project in a high-demand location.
Estimated Market Value
$998,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1915 (109 years old) with no mentioned renovations, the property is explicitly marketed as a 'total fixer' and a 'developer's dream canvas.' The listing focuses on the 11,104 SF lot size and LARD1.5 zoning for multi-unit development, indicating the primary value is in the land rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11108, living area = 816.
- Significant Development Potential
The expansive 11,104 SF lot paired with LARD1.5 zoning offers a rare and lucrative opportunity for multi-unit development in the high-demand Boyle Heights area.
- Immediate Cash Flow
The property is sold with tenants in place, providing immediate rental income to help offset holding costs while the buyer navigates the permitting and planning phases.
CONSRISKS & DEFICIENCIES
- Poor Physical Condition
The existing structure is a total fixer being sold in 'as-is' condition, requiring a complete overhaul or demolition, which necessitates significant additional capital.
- Limited Inspection Access
The 'drive-by only' restriction and tenant occupancy prevent a full interior inspection, increasing the risk of unknown structural or interior issues for the buyer.
About 2734 Lanfranco Street
CALLING ALL DEVELOPERS, BUILDERS & VISIONARY INVESTORS! Rare opportunity to secure an expansive 11,104 SF lot zoned LARD1.5 a developer's dream canvas in a high-demand location! This is a probate with no court confirmation. Whether you're planning a multi-unit project (buyer to verify development potential with the City of LA), a value-add reposition, or a long-term land bank play, this is the one you've been waiting for. The existing structure is a total fixer bring your contractor, your architect, and your imagination. Property is tenant occupied; tenants to remain in place after close of escrow, offering immediate rental income while you plan your project. DRIVE BY ONLY please do not disturb tenants; no sign on property. Sold AS-IS, WHERE-IS. Opportunities with this lot size and zoning don't come around often run your numbers. Bring all offers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 11,108 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 816 | 1,664.159 |
| Lot Size | 11,108 | 6,066.556 |
| Price | $998.0K | $1.35M |
| Price per sq ft | $1.2K | $806 |
| Built year | 1915 | 1939 |
| HOA | $0 | $278 |
| Days on market | 71 | 55 |
Pricing History
Listed for Sale
Jun 30, 2026
$998,000
Initial Listing