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Listed by JUSTIN CHU • CIRCA PROPERTIES, INC.
$ 1,170,000
Est. payment /mo
Price Dropped by $18K
2719 Folsom Los Angeles, CA 90033
5,851 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS25234345
Year Built 1924
Lot Size 5,851 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Area Boyh - Boyle Heights
Interior
Laundry None
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5177030005
Special Listing Condition Not Applicable
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