3014 Lanfranco, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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3014 Lanfranco
Los Angeles, California 90063
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
1Baths
1,014Sq Ft
6,620Lot Size
Property Price
LIST PRICE$599,777
EST. MARKET VALUE
$637,615
5% BelowMARKET VALUE
SUMMARY
This Boyle Heights Single Family Residence is a Strong Value Opportunity, listed at $599,777—positioned well below the $637,615 Fair Market Value by 5%. This valuation gap offers $37,838 in Instant Equity. The property features a Condition Rating of 3, boasting a remodeled kitchen and updated bath, while the LAR2 Zoning provides significant upside for ADU development. Ideally located near Downtown LA, this is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage development potential.
Estimated Market Value
$637,615+$37,838 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3014 Lanfranco Subject | $599,777* List Price | 2 | 1 | 1,014 | $629 | - |
A 3222 Lanfranco Street Sold | $650,000 | 2 | 1 | 927 | $701 | 0.2 mi |
B 453 S Bernal Avenue Sold | $645,000 | 3 | 1 | 898 | $718 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1948 but features a fully remodeled kitchen with stainless steel appliances and an updated bathroom, placing the major interior renovations within the 5-15 year range. While the original hardwood floors show wear and the property requires minor cosmetic updates, it is functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 6,620 SF lot combined with LAR2 zoning offers significant investment upside, providing the opportunity to build an ADU or develop a multi-unit project.
- Modernized Key Areas
The home features a fully remodeled kitchen with stainless steel appliances and an updated bathroom, reducing immediate renovation costs for the buyer.
- Strategic Urban Location
Positioned minutes from Downtown LA and the Arts District with easy freeway access, this property is ideally located for commuters and those seeking proximity to major employment hubs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6620, other record lot size in square feet = 6683.
- Limited Living Space
At just 1,014 square feet with a 2-bedroom, 1-bathroom configuration, the interior layout may be too restrictive for growing families or those needing a home office.
- Low School Ratings
Several nearby schools, including the closest elementary, have low performance ratings, which may be a deterrent for families prioritizing public education quality.
About 3014 Lanfranco
Boyle Heights opportunity! This 2-bedroom, 1-bath home on a 6,620 SF LAR2 lot features a fully remodeled kitchen with stainless steel appliances, an updated bathroom, and original hardwood floors throughout. Great bones with room to add your personal cosmetic touches. Long driveway with off-street parking, private gated backyard with mature landscaping and a storage shed. LAR2 zoning offers potential upside for an ADU or multi-unit build (buyer to verify with LA City Planning). Minutes to Downtown LA, the Arts District, and easy freeway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,620 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Euclid Avenue Elementary School
Grades K-5 • 0.2 mi
5/10
Sunrise Elementary School
Grades K-6 • 0.5 mi
5/10
First Street Elementary School
Grades K-6 • 0.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,014 | 1,664.159 |
| Lot Size | 6,620 | 6,066.556 |
| Price | $599.8K | $1.35M |
| Price per sq ft | $591 | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 20 | 55 |
Pricing History
Listed for Sale
Aug 20, 2026
$599,777
Initial Listing