2453 Folsom Street, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 2 bath
ACTIVE$899,999
2453 Folsom Street, Los Angeles, California 90033
5Beds
2Baths
2,000Sqft
7,001Lot
Year Built
1906
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
DW25061923
Home ConditionPoor
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $900.0K(69th), sqft - 2000(50th), beds - 5(94th), baths - 2(88th).
7,001 SQ FT Lot with alley access on a LAR3 Lot. 2441 Folsom (17 units under construction) 2437 Folsom ( 17 units under construction ) Don't miss out on this amazing opportunity.Property is owner occupied
Condition Rating
Poor
The property was built in 1906 and is described as an opportunity for redevelopment, with nearby construction of multi-unit buildings. The images show a very old structure, suggesting it requires substantial repairs and rehabilitation. Given the age and likely lack of significant recent renovation, it's unlikely to be in good condition. The description focuses on the lot size and development potential rather than the livability of the existing structure.
Pros & Cons
Pros
Development Potential: LAR3 zoning and a 7,001 sq ft lot offer significant development potential, especially with alley access.
Prime Location: Located in Boyle Heights (BOYH), close to ongoing developments (2441 & 2437 Folsom), indicating area growth and investment.
Income Potential: Currently a duplex, providing immediate rental income while exploring further development options.
Cons
Older Construction: Built in 1906, the property may require updates or renovations to meet modern standards and code requirements.
Owner Occupied: Property is owner-occupied, which may complicate showings and require careful negotiation during the sale process.