Los Angeles, CA 90033,2719 Folsom
Los Angeles, CA 90033,2719 Folsom
Los Angeles, CA 90033,2719 Folsom
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Listed by JUSTIN CHU • CIRCA PROPERTIES, INC.
$1,170,000
Est. payment /mo
3,048 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,048 sqft

Price per Sqft $383

MLS Listing ID CRWS25234345

HOA Y/N No

Year Built 1924

Lot Size 5,851 Sqft

Property Sub-Type Quadruplex

Source Datashare California Regional

Property Description

*ASSUMABLE 2.7% INTEREST RATE 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 inspect

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry No Hookups


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Amber Hom

Amber Hom

+1(925) 588-1111

Agent | License ID: 01281043

Agent License ID: 01281043

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2719 Folsom