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2719 2719 Folsom, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 4 bath

2719 2719 Folsom, Los Angeles, California 90033 home-pic-0
ACTIVE$1,218,000
2719 2719 Folsom, Los Angeles, California 90033
6Beds
4Baths
3,048Sqft
5,851Lot
Year Built
1924
Close
-
List price
$1.22M
Original List price
$1.22M
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
WS25229984
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.22M(75th), sqft - 3048(69th), beds - 6(94th), baths - 4(94th).

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.)

Price History

Date
Event
Price
10/01/25
Listing
$1,218,000
09/02/21
Sold
$950,000
08/16/18
Sold
$610,000
Condition Rating
Good
Despite being built in 1924, this 4-plex has undergone significant recent upgrades that elevate its condition. The listing explicitly mentions a new roof in 2024, a full remodel of unit 2719.5 in 2021, and newer exterior paint. The images of the remodeled unit (likely 2719.5) showcase a modern kitchen with white shaker cabinets, light countertops, a stainless steel sink, and recessed lighting, along with new-looking laminate/LVP flooring throughout the living areas and bedroom. While not all units are explicitly stated to be fully remodeled (one bathroom is even scheduled for a 2025 remodel), the substantial recent investments in major systems (roof) and at least one unit's interior bring the overall property condition to 'Good'. The property is described as 'well-maintained' and the visible interior of the remodeled unit is move-in ready with contemporary finishes.
Pros & Cons

Pros

Multi-Unit Investment Potential: This property is a premium multi-unit (4-plex) investment offering immediate passive income and significant upside potential in a desirable market.
Strategic Location: Situated in a dynamic, revitalizing East LA neighborhood, the asset is well-positioned for long-term appreciation and tenant demand.
Recent Capital Improvements: Significant recent upgrades, including a new roof (2024), remodeled units (2021, 2025), and newer exterior paint, substantially reduce near-term capital expenditure risk.
Flexible Lease Terms: Month-to-month lease agreements provide the new owner with immediate flexibility to adjust rents to market rates, maximizing income potential quickly.
Clear Path to Increased ROI: The property offers a clear path to increase the Cash-on-Cash return from the current 0.9% to a projected 5% through strategic rental adjustments.

Cons

Low Initial Cash-on-Cash Return: The current 0.9% Cash-on-Cash return is relatively low, requiring active management and rental adjustments to achieve the stated income potential.
Age of Property: Built in 1924, the property is nearly a century old, which may imply potential for hidden or systemic issues beyond the noted recent upgrades.
Restricted Access for Due Diligence: The 'DO NOT DISTURB OCCUPANTS' directive indicates limited access for thorough inspections, placing a higher burden on the buyer for independent verification of property condition and information accuracy.

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