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3621 Folsom St, Los Angeles, CA 90063
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3621 Folsom St Los Angeles, CA 90063

$600,000 Sold Price as of 04/08/2019
  • 7 Beds
  • 3 Baths
  • 2,070 Sq.Ft.
Sold
$600,000 Sold Price as of 04/08/2019 Refinance Your Mortgage
Map preview of 3621 Folsom St, Los Angeles, CA 90063

Property Overview: 3621 Folsom St Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,070 living square feet and 8,262 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PROBATE Sale, subject to Court Confirmation, and overbidding in Court. SALE CONFIRMED IN COURT ON FEB. 04, 2019. For Sale AFTER more than 33 years. Three non-rent control units on a large 8,262 sqft lot located in City Terrace in an unincorporated community in L.A. County. Property needs rehab. Property Delivered vacant at COE. Income and Expense numbers are PROJECTED. New roof in the year 2000. 3 separate gas meters. 2 electric meters (front house has one electric meter for both units). Zoning is LCR2. Sold "As Is" And "Where Is" Will be delivered vacant at COE. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 176

Home details

Lot Sq. Ft
8,262
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18339196
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: 13.04
  • Gross Scheduled Income: --
  • Net Operating Income: $30,445
  • Gross Operating Income: $43,320
  • Improvements Total: $29,119
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $1,500
  • Maintenance: $2,280
  • Water/Sewer: $2,400

Property Details for 3621 Folsom St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: See Remarks
Property Information
  • Total # of Units: 3
  • Parcel Number: 5231023011
Location / Neighborhood
Location Information
  • Directions: US 101 S Freeway to East Los Angeles. Take exit 20A from I-10 E. Continue on City Terrace Dr. Take N Townsend Ave to Folsom St.
View more facts & features

Local Los Angeles Agent

Sale History for 3621 Folsom St

Last sold on June 4th, 2020

  • June, 2020

  • Jun 4, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2019

  • Sep 17, 2019

    Date

    Leased

    CRMLS: PW19214308

    $2,750

    Price

  • Sep 16, 2019

    Date

    Pending

    CRMLS: PW19214308

    $2,750

    Price

  • Sep 7, 2019

    Date

    Active

    CRMLS: PW19214308

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Recently renovated 3 bedroom 2 bath unit with new laminated floors, bathrooms, kitchen, and wall mounted A/C. this unit is part of a triplex and just recently went through extensive renovations! The property has spacious and open living/dining room area that leads into a brand new kitchen with new stove, counter tops, cabinets, and sink. The unit is on the ground floor. The property is gated and there ia 1 car garage, drive way, and plenty of strret parking available. Water is paid by owner.

  • April, 2019

  • Apr 9, 2019

    Date

    Price Change

    CRMLS: 18339196

    $600,000

    Price

  • Feb 19, 2019

    Date

    Pending

    CRMLS: 18339196

    $595,000

    Price

  • Oct 26, 2018

    Date

    Active Under Contract

    CRMLS: 18339196

    $595,000

    Price

  • Jul 30, 2018

    Date

    Active

    CRMLS: 18339196

    $595,000

    Price

  • Jul 30, 2018

    Date

    Expired

    CRMLS: 18339196

    $595,000

    Price

  • May 1, 2018

    Date

    Active

    CRMLS: 18339196

    $595,000

    Price

  • April, 2019

  • Apr 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 3621 Folsom St

Assessed Value (2020): $612,000
Year Land Value Improved Value Assessed Value
2020 $387,600 $224,400 $612,000

Home Value Compared to the Market

This property vs the competition

3621 Folsom St sold on April 8, 2019 for 46.43% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $289.86 per/sqft which puts the price per square foot 59.96% lower than the current median sale per square foot for the city of Los Angeles.

About 3621 Folsom St

Detailed summary of property

3621 Folsom St is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 7 bedrooms, 3 bathrooms, roughly 2,070 living square feet, and sits on an approximately 8,262 square foot lot. 3621 Folsom St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $600,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.43% lower than the current median priced home. Local homes that are currently for sale include 903 New Depot St, 3217 Morgan Ave and 9526 Bandera. While the average home in Los Angeles, CA is selling in 106 days, 3621 Folsom St has a days on market of 176 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3621 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 3621 Folsom St

Public county record property details
Beds
5
Baths
3
Year built
1924
Sq. Ft.
2,070
Lot Size
8,262
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5231-023-011

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
$698,000
Median List Price/Sq.Ft.
$618
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
38
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%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 3621 Folsom St

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Recently Sold Homes Near 3621 Folsom St

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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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