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2520 Folsom St Los Angeles, CA 90033

$1,100,000 Sold Price as of 06/18/2020

6 Beds
8 Baths
-- Sq.Ft.

Sold

$1,100,000 Sold Price as of 06/18/2020 Refinance Your Mortgage

Map preview of 2520 Folsom St, Los Angeles, CA 90033

Property Overview: 2520 Folsom St Los Angeles, CA has 6 bedrooms, 8 bathrooms, -- living square feet and 6,996 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 25 years, this well maintained and managed 8 unit building is located in a prime Boyle Heights neighborhood. Walking distance all the best that Boyle Heights has to offer on Cesar Chavez Ave., full of shops, restaurants and entertainment venues. Very low operating expenses, landlord only pays cold water and trash. Possible to make an owner user situation, 2 buildings that total 8 units with a grassy courtyard area between. Potential to add laundry room. Mostly long term tenants. Tons of upside in the rents. Great location for affordable/work-force housing, minutes from USC Medical Center. Close to the 10, 5, 710 and 60 Freeways make commuting to Downtown LA and all other areas of Los Angeles quick and easy.

Listed by Christopher Marsocci | BRE #01095183 | Goldcoast Commercial Group

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 6,996
HOA Dues: $0/mo
Year built: 1956
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20578298
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $840
Total Rent: $840
Pro Forma/Market Rent: $1,300

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $810
Total Rent: $810
Pro Forma/Market Rent: $1,300

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $800
Total Rent: $800
Pro Forma/Market Rent: $1,300

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $764
Total Rent: $764
Pro Forma/Market Rent: $1,300

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $759
Total Rent: $759
Pro Forma/Market Rent: $1,300

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $592
Total Rent: $592
Pro Forma/Market Rent: $1,300

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $895
Total Rent: $895
Pro Forma/Market Rent: $1,100

Unit Breakdown 8

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $561
Total Rent: $561
Pro Forma/Market Rent: $1,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.22
Gross Scheduled Income: --
Net Operating Income: $36,577
Gross Operating Income: $70,807

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2520 Folsom St

Interior Features

Cooling Information

No Cooling
None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway, Gated, Uncovered

Property Information

Total # of Units: 8
Parcel Number: 5177029006

Location / Neighborhood

Location Information

Directions: Near the Intersection of Cesar Chavez and Soto St.

View more facts & features

Local Los Angeles Agent

Sale History for 2520 Folsom St

Last sold for $1,100,000 on June 18th, 2020

May, 2021
May 1, 2021

Date

Expired

CRMLS: AR21038869

$1,390,000

Price
Feb 24, 2021

Date

Active

CRMLS: AR21038869

$1,390,000

Price
Listing provided courtesy of CRMLS

2520 Folsom Street, an 8-unit property located in Boyle Heights. The property consists of two buildings with a courtyard, and a unit mix of 2 (Studio) and 6 (1 Bedroom + 1 Bath). All units are separately metered for gas and electric. Residents enjoy being centrally with easy access to the 5 and 10 freeways.

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June, 2020
Jun 18, 2020

Date

Sold

CRMLS: 20578298

$1,100,000

Price
Jun 5, 2020

Date

Pending

CRMLS: 20578298

$1,100,000

Price
May 28, 2020

Date

Active Under Contract

CRMLS: 20578298

$1,100,000

Price
May 15, 2020

Date

Active

CRMLS: 20578298

$1,100,000

Price
June, 2020
Jun 18, 2020

Date

Sold (Public Records)

Public Records

$1,100,000

Price
March, 2019
Mar 8, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2520 Folsom St

Assessed Value (2020): $539,429

Year	Land Value	Improved Value	Assessed Value
2020	$145,150	$394,279	$539,429

Home Value Compared to the Market

This property vs the competition

2520 Folsom St sold on June 18, 2020 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 2520 Folsom St

Detailed summary of property

2520 Folsom St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 6 bedrooms, 8 bathrooms, roughly -- living square feet, and sits on an approximately 6,996 square foot lot. 2520 Folsom St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 3412 E 3rd St, 1709 Sichel St and 929 N Rowan Ave. While the average home in Los Angeles, CA is selling in 92 days, 2520 Folsom St has a days on market of 13 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2520 Folsom St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2520 Folsom St

Public county record property details

Beds: 8
Baths: 8
Year built: 1956
Sq. Ft.: 3,881
Lot Size: 6,995
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5177-029-006

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$800,000

Median List Price/Sq.Ft.

$520

Median Sold Price

Median Sold Price/Sq.Ft.

Total Inventory

Median Sale to List Price %

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.