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3313 Folsom St, Los Angeles, CA 90063
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3313 Folsom St Los Angeles, CA 90063

$1,670,000
  • 12 Beds
  • 8 Baths
  • 5 Sq.Ft.
For Sale
$1,670,000 Get Pre-Qualified
Map preview of 3313 Folsom St, Los Angeles, CA 90063

Property Overview: 3313 Folsom St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5 living square feet and 11,494 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: "Investor Dream" Nothing but money! 5 units that feature (Two) 2 bedroom 2-bath (One) 2 bedroom 1- Bath (One) 3-bedroom 2- bath and (One) 3 bedroom 1-bath. This unique property is situated on a 11,000+ square foot Lot and has two separate addresses, (5) separate gas meters, (5) separate electric meters and 2 water meters (Note: Possible SB9 Opportunity). If you are looking for positive cash flow, this is it. But that's not all. What if I can tell you that the seller is willing to carry with great terms for the buyer, if an offer comes in that is acceptable to the seller, yes sir, Seller may carry on this one. Property has low vacancy and cash flow rents with great upside on this unique investment property in the up-and-coming Boyle Heights Neiborhood.

Listed by RICHARD TAMAYO | BRE #01091316 | TAMAYO & ASSOC. R.E.
Last checked: 14 minutes ago | Last updated: February 2nd, 2024 | Source CRMLS | DOM: 67
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Home details

Lot Sq. Ft
11,494
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Apartment
Status
Active
MLS#
WS24016709
City
Los Angeles
County
Los Angeles
Time on Site
86 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,490
  • Total Rent: $1,490
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,890
  • Total Rent: $1,890
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,159
  • Total Rent: $2,159
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $110,268
  • Net Operating Income: $22,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 3313 Folsom St

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: On Site
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5231025012
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Go to Malabar left of Folsom
Neighborhood Information
  • Community Features: Curbs, Mountainous, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3313 Folsom St

Last sold on October 16th, 1997

  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: WS24016709

    $1,670,000

    Price

  • October, 1997

  • Oct 16, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3313 Folsom St

Assessed Value (2020): $313,885
Year Land Value Improved Value Assessed Value
2020 $188,333 $125,552 $313,885

Home Value Compared to the Market

This property vs the competition

3313 Folsom St is listed 33.71% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $334000 per/sqft which puts the price per square foot 43164.25% higher than the median price per square foot for the city of Los Angeles.

About 3313 Folsom St

Detailed summary of property

3313 Folsom St is a apartment located in Los Angeles, CA 90063 and is currently for sale. This apartment offers 12 bedrooms, 8 bathrooms, roughly 5 living square feet, and sits on an approximately 11,494 square foot lot. 3313 Folsom St was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $1,670,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.71% higher than the median priced home. Local competing homes currently for sale include 1611 E Cesar E Chavez Ave, 3813 Baldwin St and 1927 Johnston St. While the average home in Los Angeles, CA is selling in 97 days, 3313 Folsom St has a days on market of 67 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3313 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 3313 Folsom St

Public county record property details
Beds
8
Baths
4
Year built
1910
Sq. Ft.
3,772
Lot Size
11,490
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
62
APN
5231-025-012

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
$650,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$511
Total Inventory
25
Median Sale to List Price %
100%
Avg Days on Market
6
Loan Type
Conventional (20%), FHA (20%), VA (0%), Cash (20%), 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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