2719 Folsom, Los Angeles, CA, US, 90033
2719 Folsom, Los Angeles, CA, US, 90033Basics
- Date added: Added 3 months ago
- Category: Residential
- Type: Quadruplex
- Status: Active
- Bedrooms: 6
- Bathrooms: 4
- Area: 3048 sq ft
- Lot size: 5851, 5851 sq ft
- Year built: 1924
- View: None
- County: Los Angeles
- MLS ID: WS25234373
Description
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Description:
*Seller 2nd Loan Financing negotiable *2.7% INTEREST RATE ASSUMABLE LOAN FOR VA BUYERS. 2719-2721 Folsom Street, Los Angeles (Tenant Occupied 4plex) This premium multi-unit investment in the revitalizing East LA neighborhood offers immediate passive income with significant upside potential. Spanning approximately 3,048 sq ft, this well-maintained, four-unit property, built in 1924, is primed for strong returns. Stable Cash Flow: Currently delivering a 0.9% CoC, with a clear path to 5% through market-driven rental adjustments. Recent Upgrades: New roof (2024), remodeled bathroom in unit 2721.5 (2025), full remodel of unit 2719.5 (2021), and newer exterior paint reduces near-term capex risk. Flexible Leases: Month-to-month agreements allow quick alignment with market rents, maximizing income potential. Prime Location: Situated in a dynamic, up-and-coming neighborhood, this asset is well-positioned for long-term appreciation. Seize this opportunity to invest in a turnkey property with both stability and growth potential! PLEASE DO NOT DISTURB OCCUPANTS! Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements, and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e., attorney, appraiser, architect, contractor, surveyor, etc.)
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Location
- Directions: Cross St is Cesar Chavez
- Lot Size Acres: 0.1343 acres
Building Details
- Structure Type: Quadruplex
- Water Source: Public
- Lot Features: Item25UnitsAcre
- Sewer: PublicSewer
- Common Walls: NoCommonWalls
- Garage Spaces: 0
- Levels: One
Amenities & Features
- Pool Features: None
- Parking Total: 0
- Cooling: None
- Fireplace Features: LivingRoom
- Interior Features: AllBedroomsDown
- Laundry Features: None
Nearby Schools
- High School District: Los Angeles Unified
Expenses, Fees & Taxes
- Association Fee: 0
Agent info
- Agent name: JUSTIN CHU
- Agent MLS: WS81922
- Agent email: justinyichu@gmail.com
- Agent officephone: 714-203-6814
- Agent direct phone: 626-321-3211
Miscellaneous
- List Office Name: CIRCA PROPERTIES, INC.
- Listing Terms: Cash,CashToExistingLoan,CashToNewLoan,Conventional,VaLoan
- Common Interest: None
- Community Features: Sidewalks,Urban
- Attribution Contact: 626-321-3211