3026 Folsom St, Los Angeles, CA 90063
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3026 Folsom St Los Angeles, CA 90063

$920,000
  • 5 Beds
  • 3 Baths
  • 1,854 Sq.Ft.
For Sale
$920,000 Get Pre-Qualified

Map preview of 3026 Folsom St, Los Angeles, CA 90063

Property Overview: 3026 Folsom St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,854 living square feet and 7,352 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: Great triplex and opportunity situated in the historic neighborhood of Boyle heights! Property features TWO ON A LOT**! Front house consists of 3 bedrooms and 1.5 baths and a spacious living room area. A separate duplex is located in the back consisting of two 1 bed 1 bath units. Duplex in the back has had one unit fully renovated seen in photos and it is light and bright. Lots of potential with this property it sits on a large lot for the neighborhood. One unit in the duplex and the front house are ready for your vision and have great upside. Plenty of secured parking spots. Property falls under LARC. Benefits of Section 8 are guaranteed payments, low vacancy, & stability. Attractive 4.4 CAP Rate! Property is qualified for a grant program to assist with closing costs!

Listed by Aris Anagnos | BRE #01926776 | eXp Realty of California Inc
Co-listed by Jean Anagnos | BRE #01993397 | eXp Realty of California Inc
Last checked: 9 minutes ago | Last updated: August 13th, 2024 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
7,352
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24421815
City
Los Angeles
County
Los Angeles
Time on Site
46 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,535
  • Total Rent: $1,535
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $972
  • Total Rent: $972
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,341
  • Total Rent: $2,341
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.3%
  • Gross Rent Multiplier: 15.81
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $58,176
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3026 Folsom St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5178020036
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From N Evergreen, Right onto Folsom
View more facts & features

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Sale History for 3026 Folsom St

Last sold for $400,000 on November 1st, 2005
  • July, 2024

  • Jul 31, 2024

    Date

    Active

    CRMLS: 24421815

    $920,000

    Price

  • November, 2005

  • Nov 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

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Tax History for 3026 Folsom St

Assessed Value (2020): $499,813
Year Land Value Improved Value Assessed Value
2020 $374,865 $124,948 $499,813

Home Value Compared to the Market

This property vs the competition

3026 Folsom St is listed 23.33% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $496.22 per/sqft which puts the price per square foot 35.22% lower than the median price per square foot for the city of Los Angeles.

About 3026 Folsom St

Detailed summary of property

3026 Folsom St is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 5 bedrooms, 3 bathrooms, roughly 1,854 living square feet, and sits on an approximately 7,352 square foot lot. 3026 Folsom St was first listed on ArdentRealEstateGroup.com on July 31, 2024. The homeowner is currently asking $920,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 23.33% lower than the median priced home. Local competing homes currently for sale include 2675 Pomeroy Ave, 2641 Pomeroy Ave and 2316 Barlow St. While the average home in Los Angeles, CA is selling in 104 days, 3026 Folsom St has a days on market of 43 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 3026 Folsom St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3026 Folsom St

Public county record property details
Beds
2
Baths
2
Year built
1953
Sq. Ft.
1,854
Lot Size
7,349
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,23
APN
5178-020-036

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

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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.