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Listed by JUSTIN CHU • CIRCA PROPERTIES, INC.
$1,170,000
Est. payment /mo
6 Beds
4 Baths
3,048 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,048 sqft
Price per Sqft $383
MLS Listing ID CRWS25234373
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1924
Lot Size 5,851 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
*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 in
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry None
Exterior
Pool None
View None
Private Pool false
Building
Story 1
Water Public
Schools
School District Los Angeles Unified
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