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2531 Folsom St, Los Angeles, CA 90033
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2531 Folsom St Los Angeles, CA 90033

$2,118,000 Sold Price as of 11/28/2023
  • 12 Beds
  • 14 Baths
  • 5,460 Sq.Ft.
Sold
$2,118,000 Sold Price as of 11/28/2023 Refinance Your Mortgage
Map preview of 2531 Folsom St, Los Angeles, CA 90033

Property Overview: 2531 Folsom St Los Angeles, CA has 12 bedrooms, 14 bathrooms, 5,460 living square feet and 6,997 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ATTENTION ALL INVESTORS: GREAT POSITIVE CASH FLOW UNITS. NEW, NEW, NEW...4 UNITS...NO RENT CONTROL...Three bedrooms, with four bathrooms each, each bedroom has it's own bathroom, 4 water meters, 4 electric meters, 4 gas meters, solar panels are paid for, electric gate door openers for all car gates, 2 car parking per unit, laundry area per unit, great area, close to everything, close to freeways, and many many more...

Listed by CORINA PREECE | BRE #01478451 | EXCELLENCE RE REAL ESTATE
Last checked: 1 minute ago | Last updated: November 29th, 2023 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,997
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
MB23154478
City
Los Angeles
County
Los Angeles
Time on Site
276 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2531 Folsom St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Dual, Electric, ENERGY STAR Qualified Equipment, Gas
Heating Information
  • Has Heating
  • Central, ENERGY STAR Qualified Equipment, High Efficiency
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry, Living Room, See Remarks
Kitchen Information
  • Has Appliances
  • Microwave, Tankless Water Heater
Interior Features
  • High Ceilings, In-Law Floorplan, Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished
  • Levels: One, Two
  • Window Features: ENERGY STAR Qualified Windows, Low Emissivity Windows
  • Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Rain Gutters
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: On Site
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5177026019
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Building Permit, Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: N Soto Street, Folsom Street, N Mott Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Park, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2531 Folsom St

Last sold for $2,118,000 on November 28th, 2023

  • November, 2023

  • Nov 28, 2023

    Date

    Sold

    CRMLS: MB23154478

    $2,118,000

    Price

  • Aug 17, 2023

    Date

    Active

    CRMLS: MB23154478

    $2,118,888

    Price

  • August, 2023

  • Aug 15, 2023

    Date

    Canceled

    CRMLS: MB23081108

    $2,118,888

    Price

  • May 10, 2023

    Date

    Active

    CRMLS: MB23081108

    $2,399,050

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION ALL INVESTORS: GREAT POSITIVE CASH FLOW UNITS. NEW, NEW, NEW...4 UNITS...NO RENT CONTROL...VACANT... Three bedrooms, with four bathrooms each, each bedroom has it's own bathroom, 4 water meters, 4 electric meters, 4 gas meters, solar panels are paid for, electric gate door openers for all car gates, 2 car parking per unit, laundry area per unit, great area, close to everything, close to freeways, and many many more...

  • May, 2023

  • May 11, 2023

    Date

    Canceled

    CRMLS: MB23073493

    $2,399,950

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: MB23073493

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    Brand new, ground-up construction 4 units in the highly sought-after area of Los Angeles, CA All FWY Near by 5, 10,605,60. Each of the 4 units boasts 3 bedrooms and 4 bathrooms, offering a spacious and comfortable living space for you and your family. The units are fully equipped with new and modern appliance hook up outlets, including an in-unit washer and dryer hook up. Each unit has its own separate address and utilities, ensuring privacy and convenience. The solar panels have been paid off, providing energy-efficient living and lower utility bills. The sleek and contemporary design features high ceilings, large windows, and an open floor plan. perfect for entertaining guests. The location is unbeatable, with close proximity to shopping, dining, and entertainment. Don't miss out on this amazing opportunity to own a brand new, modern 4 plex in the heart of Los Angeles.

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Tax History for 2531 Folsom St

Assessed Value (2020): $38,945
Year Land Value Improved Value Assessed Value
2020 $23,505 $15,440 $38,945

Home Value Compared to the Market

This property vs the competition

2531 Folsom St sold on November 28, 2023 for 77.98% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $387.91 per/sqft which puts the price per square foot 48.62% lower than the current median sale per square foot for the city of Los Angeles.

About 2531 Folsom St

Detailed summary of property

2531 Folsom St is a fourplex that recently sold in Los Angeles, CA 90033. This fourplex offered 12 bedrooms, 14 bathrooms, roughly 5,460 living square feet, and sits on an approximately 6,997 square foot lot. 2531 Folsom St was first listed on ArdentRealEstateGroup.com on August 18, 2023. The homeowner sold the property for $2,118,000. 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 77.98% higher than the current median priced home. Local homes that are currently for sale include 2618 Carleton Ave, 5506 Valley Blvd and 930 Fraser Ave. While the average home in Los Angeles, CA is selling in 92 days, 2531 Folsom St has a days on market of 62 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 2531 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 2531 Folsom St

Public county record property details
Beds
4
Baths
1
Year built
1902
Sq. Ft.
1,343
Lot Size
6,997
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5177-026-019

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
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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.

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