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2809 Folsom St, Los Angeles, CA 90033
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2809 Folsom St Los Angeles, CA 90033

$818,888
  • 7 Beds
  • 3 Baths
  • 2,519 Sq.Ft.
For Sale
$818,888 Get Pre-Qualified
Map preview of 2809 Folsom St, Los Angeles, CA 90033

Property Overview: 2809 Folsom St Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,519 living square feet and 5,847 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here you’ll find a rare chance to enter the thriving real estate market of Boyle Heights. Fully occupied and producing consistent income streams, this property is an ideal investment for all investors. The triplex features two units leased to Section 8 tenants, ensuring guaranteed monthly income. Two houses are 2 bedroom, 1 bath each and the detached home is a 3 bedroom, 1 bath home. Currently, the property yields a monthly gross income of $3,796, with the potential for significant growth based on investment strategies. Additionally, the property includes a rear garage, offering the opportunity to convert it into an ADU (Accessory Dwelling Unit). This conversion could elevate the property’s income potential, transforming it into a Fourplex. With LARD1.5 Zoning, there are further possibilities for expansion and enhancement of the property. This investment is strategically positioned for future growth and development. Whether you seek to expand your real estate portfolio or secure passive income, 2809 Folsom Street offers stability and investment returns. Don’t miss out on this exceptional opportunity, reach out and schedule a viewing today!

Listed by Patrick Natian | BRE #02098493 | Keller Williams Encino/Sherman Oaks
Co-listed by Jack Dalyan | BRE #02204109 | Keller Williams Encino/Sherman Oaks
Last checked: 14 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
5,847
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Triplex
Status
Active
MLS#
SR24064423
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $764
  • Total Rent: $764
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,374
  • Total Rent: $1,374
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,658
  • Total Rent: $1,658
  • Pro Forma/Market Rent: $2,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $45,552
  • Net Operating Income: $40,080
  • Gross Operating Income: $45,552
Annual Expense Breakdown
  • Total Operating Expense: $5,472
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,236
  • Trash: $0
  • Insurance: $1,872
  • Water/Sewer: $3,600

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Property Details for 2809 Folsom St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Entry, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Kitchen Information
  • Has Appliances
  • Gas Cooktop, Refrigerator
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Garage - Single Door
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5178010003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Right Turn on Evergreen, Left turn on Folsom
Neighborhood Information
  • Community Features: Biking, Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 2809 Folsom St

Last sold on November 6th, 2018

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: SR24064423

    $818,888

    Price

  • December, 2019

  • Dec 19, 2019

    Date

    Price Change

    CRMLS: M210531

    $225,750

    Price

  • Listing provided courtesy of CRMLS

    GOOD CONDITION UNITS.2-2 BEDROOMS 1 BATH EACH DUPLEX AND 1-3 BEDROOM 1 BATH HOUSE WITH 2 CAR GARAGE IN REAR.(VACANT) CAN SEE INTERIOR CALL MANDO RIOS .

  • November, 2018

  • Nov 6, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2016

  • Feb 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

Show More

Tax History for 2809 Folsom St

Assessed Value (2020): $667,080
Year Land Value Improved Value Assessed Value
2020 $408,000 $259,080 $667,080

Home Value Compared to the Market

This property vs the competition

2809 Folsom St is listed 33.75% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $325.08 per/sqft which puts the price per square foot 57.95% lower than the median price per square foot for the city of Los Angeles.

About 2809 Folsom St

Detailed summary of property

2809 Folsom St is a triplex located in Los Angeles, CA 90033 and is currently for sale. This triplex offers 7 bedrooms, 3 bathrooms, roughly 2,519 living square feet, and sits on an approximately 5,847 square foot lot. 2809 Folsom St was first listed on ArdentRealEstateGroup.com on April 2, 2024. The homeowner is currently asking $818,888. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.75% lower than the median priced home. Local competing homes currently for sale include 574 N St Louis St, 3045 E 5th St and 2111 Marengo St. While the average home in Los Angeles, CA is selling in 96 days, 2809 Folsom St has a days on market of 23 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2809 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 2809 Folsom St

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
2,519
Lot Size
5,845
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5178-010-003

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
$699,000
Median List Price/Sq.Ft.
$536
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
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.

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