2453 Folsom Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$899,999
2453 Folsom Street, Los Angeles, California 90033
0Bed
0Bath
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
DW25061931
Home ConditionPoor
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $900.0K(69th), sqft - 2000(50th), beds - undefined(50th), baths - undefined(50th).
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 the description focuses on the lot size and development potential, suggesting the existing structure is not the primary selling point. The images show a very old building. Given the age and lack of information about renovations, it likely requires substantial repairs and rehabilitation.
Pros & Cons
Pros
Large Lot Size: The property boasts a 7,001 sq ft lot, offering potential for expansion or development, especially with alley access.
LAR3 Zoning: The LAR3 zoning allows for higher density development, presenting a significant opportunity for investors.
Development Potential: Located near two 17-unit construction projects, indicating a growing area with strong development potential.
Cons
Age of Property: Built in 1906, the property may require significant renovations or upgrades to meet modern standards.
Owner Occupied: The property being owner-occupied may require a longer closing period or negotiation for vacancy, potentially delaying immediate income generation.