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3339 Folsom St, Los Angeles, CA 90063
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3339 Folsom St Los Angeles, CA 90063

$1,375,000
  • 11 Beds
  • 6 Baths
  • 5,030 Sq.Ft.
For Sale
$1,375,000 Get Pre-Qualified
Map preview of 3339 Folsom St, Los Angeles, CA 90063

Property Overview: 3339 Folsom St Los Angeles, CA has 11 bedrooms, 6 bathrooms, 5,030 living square feet and 11,101 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: CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property nestled in a small pocket next to Boyle Heights also has the potential to add an ADU with preliminary plans already in place(Buyer to Verify). There is also 50% upside potential with the current rents in place. The property boasts favorable CapEx improvements such as new roofs, gutters, repiping to copper, and new sewer lines. With both 50% upside in rental potential as well as preliminary plans for ADU in place, there is tons of upside for a potential buyer.

Listed by John Boyett | BRE #02056759 | CBRE
Last checked: 13 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
11,101
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24385715
City
Los Angeles
County
Los Angeles
Time on Site
9 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $570
  • Total Rent: $570
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,924
  • Total Rent: $1,924
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $531
  • Total Rent: $531
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,196
  • Total Rent: $2,196
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,236
  • Total Rent: $2,236
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.8
  • Gross Scheduled Income: --
  • Net Operating Income: $72,489
  • Gross Operating Income: $113,239
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3339 Folsom St

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Property Details for 3339 Folsom St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5231025006
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Folsom and off of N Indiana St
View more facts & features

Local Los Angeles Agent

Sale History for 3339 Folsom St

Last sold for $1,160,000 on February 1st, 2021

  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: 24385715

    $1,375,000

    Price

  • February, 2021

  • Feb 4, 2021

    Date

    Sold

    CRMLS: PW20212160

    $1,160,000

    Price

  • Jan 21, 2021

    Date

    Pending

    CRMLS: PW20212160

    $1,195,000

    Price

  • Oct 9, 2020

    Date

    Active

    CRMLS: PW20212160

    $1,195,000

    Price

  • Oct 8, 2020

    Date

    Coming Soon

    CRMLS: PW20212160

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Seller Financing Available! 3339 Folsom Street is an exceptional cottage style investment property consisting of five (5) two-bedroom units and One (1) one-bedroom unit. By end of November 2020, 4 out of the 6 units will be VACANT allowing for an immediate renovation program. This prime Unincorporated LA County location is adjacent to Boyle Heights and within close proximity to the historic E. Cesar Chavez Boulevard. The two front units feature dedicated front and back yards with ample common area space with potential for various communal amenities. Accessory Dwelling Unit (ADU) currently in planning in the garage space allowing for additional rental income!

  • February, 2021

  • Feb 1, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,160,000

    Price

  • September, 2020

  • Sep 17, 2020

    Date

    Sold

    CRMLS: CV20121768

    $780,000

    Price

  • Sep 16, 2020

    Date

    Pending

    CRMLS: CV20121768

    $898,000

    Price

  • Sep 15, 2020

    Date

    Sold

    CRMLS: CV20121768

    $780,000

    Price

  • Sep 8, 2020

    Date

    Pending

    CRMLS: CV20121768

    $898,000

    Price

  • Jul 27, 2020

    Date

    Active

    CRMLS: CV20121768

    $898,000

    Price

  • Jun 26, 2020

    Date

    Pending

    CRMLS: CV20121768

    $898,000

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: CV20121768

    $898,000

    Price

  • Listing provided courtesy of CRMLS

    This is your opportunity to own a commercial-residential income property tucked between Boyle Heights and El Sereno. North of the historic Caesar Chavez Blvd.

  • September, 2020

  • Sep 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $780,000

    Price

Show More

Tax History for 3339 Folsom St

Assessed Value (2020): $251,477
Year Land Value Improved Value Assessed Value
2020 $95,171 $156,306 $251,477

Home Value Compared to the Market

This property vs the competition

3339 Folsom St is listed 10.09% 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 $774 and this home is listed at $273.36 per/sqft which puts the price per square foot 64.68% lower than the median price per square foot for the city of Los Angeles.

About 3339 Folsom St

Detailed summary of property

3339 Folsom St is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 11 bedrooms, 6 bathrooms, roughly 5,030 living square feet, and sits on an approximately 11,101 square foot lot. 3339 Folsom St was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $1,375,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.09% higher than the median priced home. Local competing homes currently for sale include 548 S Lorena St, 2415 Malabar St and 2722 E 2nd St. While the average home in Los Angeles, CA is selling in 93 days, 3339 Folsom St has a days on market of 11 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3339 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 3339 Folsom St

Public county record property details
Beds
12
Baths
6
Year built
1924
Sq. Ft.
5,030
Lot Size
11,097
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
57
APN
5231-025-006

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
$640,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
29
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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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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