Properties

Los Angeles, CA 90033 2719 Folsom

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Presented By: JUSTIN CHU with CIRCA PROPERTIES, INC.; 626-321-3211
  • MLS# WS25234345
  • 10/07/2025
  • Get pre-approved
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  • Baths • 1
  • SQFT • 3,048

Home Details

*Seller 2nd Loan Financing negotiable *ASSUMABLE 2.7% INTEREST RATE FOR VA BUYERS, 2719-2721 Folsom Street, Los Angeles (Tenant Occupied 4plex) This premium multi-unit investment in the revitalizing East LA neighborhood offers immediate passive income with significant upside potential. Spanning approximately 3,048 sq ft, this well-maintained, four-unit property, built in 1924, is primed for strong returns. Stable Cash Flow: Currently delivering a 0.9% CoC, with a clear path to 5% through market-driven rental adjustments. Recent Upgrades: New roof (2024), remodeled bathroom in unit 2721.5 (2025), full remodel of unit 2719.5 (2021), and newer exterior paint reduces near-term capex risk. Flexible Leases: Month-to-month agreements allow quick alignment with market rents, maximizing income potential. Prime Location: Situated in a dynamic, up-and-coming neighborhood, this asset is well-positioned for long-term appreciation. Seize this opportunity to invest in a turnkey property with both stability and growth potential! PLEASE DO NOT DISTURB OCCUPANTS! Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements, and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e., attorney, appraiser, architect, contractor, surveyor, etc.)
Presented By: JUSTIN CHU with CIRCA PROPERTIES, INC.; 626-321-3211

Interior Features for 2719 Folsom

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 2719 Folsom

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.6
CityLos Angeles
Community FeaturesSidewalks, Urban
CountyLos Angeles
DirectionsCross St is Cesar Chavez Ave
Electric Expense
Entry LocationEast
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income79946
HOANo
HOA Fee$
Insurance Expense3883
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to Existing Loan, Cash to New Loan, Conventional, VA Loan
Lot Size Square Feet5851
Lot Size UnitsSquare Feet
MLS AreaBOYH - Boyle Heights
Net Operating Income56065
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense21483
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot5
Taxes$14,000
Tenant PaysElectricity
Total Actual Rent6662
Trash Expense0
Water Sewer Expense4200
Year Built1924
Year Built SourceAssessor

Exterior for 2719 Folsom

Building Area Total3048
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1343
Lot Size Area5851
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,169,000
MLS#WS25234345
List Date 10/07/2025
Property Type Multi-Family
Phone 888.795.6274
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