Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90033 2809 Folsom Street

2809 Folsom Street Los Angeles, CA - Image 12809 Folsom Street Los Angeles, CA - Image 22809 Folsom Street Los Angeles, CA - Image 3
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2809 Folsom Street Los Angeles, CA - Image 42809 Folsom Street Los Angeles, CA - Image 52809 Folsom Street Los Angeles, CA - Image 62809 Folsom Street Los Angeles, CA - Image 7
Presented By: Chen Wen Wu with Home Team Realty; 3102188622
  • MLS# SB25010024
  • 01/15/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 3
  • SQFT • 2,519
  • Garage • 1
  • Year Built • 1922

Home Details

*** PRIME INVESTMENT OPPORTUNITY IN BOYLE HEIGHTS *** Located near Downtown Los Angeles in the vibrant Boyle Heights neighborhood, this freshly painted triplex features two buildings on a spacious lot with RD1.5 zoning, offering exceptional potential for investors or homeowners. The front duplex includes two units, each with 2 bedrooms and 1 bathroom. The back single-family home features 3 bedrooms, 1 bathroom, a private backyard, and a garage with the potential to be converted into an ADU. 1 front unit and back single-family home are both currently occupied by Section 8 tenants. A long driveway offers ample multi-vehicle parking, adding to the property's convenience and functionality. Conveniently located near major freeways, public transportation, and shopping, this property offers both comfort and accessibility. With rents currently below market, this property presents significant upside for increased income or redevelopment. Its ideal location and flexible possibilities make it a standout opportunity in one of LA’s most dynamic areas. Don't miss the chance to unlock the potential of this versatile property! Buyer to assist with 1031 Exchange. Drive by only, subject to inspection.
Presented By: Chen Wen Wu with Home Team Realty; 3102188622

Interior Features for 2809 Folsom Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesOutside
Total Stories1

Other Rooms

Entry Level1

General for 2809 Folsom Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyBuyer to help with seller's 1031 exchange
CountyLos Angeles
DirectionsN. Evergreen, Cross Street Wabash Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-01-20
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income47256.0
HOANo
Home Warranty Y/NNo
Insurance Expense1900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet5847.0
Lot Size UnitsSquareFeet
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income38756.0
New ConstructionNo
Number Of Units Total3
Operating Expense8500.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot3
Trash Expense0.0
Water Sewer Expense0.0
Year Built1922
Year Built SourcePublicRecords
ZoningLARD1.5

Exterior for 2809 Folsom Street

Building Area Total2519.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1342
Lot Size Area5847.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $799,000
MLS#SB25010024
List Date 01/15/2025
Property Type Multi-Family
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Request Info
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