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

2719 Folsom, Los Angeles, California 90033 home-pic-0
ACTIVE$1,170,000
2719 Folsom, Los Angeles, California 90033
0Bed
0Bath
3,048Sqft
5,851Lot
Year Built
1924
Close
-
List price
$1.17M
Original List price
$1.22M
Price/Sqft
$384
HOA
-
Days on market
-
Sold On
-
MLS number
WS25234345
Home ConditionGood
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.17M(75th), sqft - 3048(69th), beds - undefined(50th), baths - undefined(50th).

*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.)

Price History

Date
Event
Price
11/07/25
Price Change
$1,170,000-1.6%
10/21/25
Price Change
$1,188,800-2.5%
10/07/25
Listing
$1,218,800
09/02/21
Sold
$950,000
08/16/18
Sold
$610,000
Condition Rating
Good
Despite being built in 1924, the property has undergone significant recent renovations, including a new roof in 2024, a full remodel of unit 2719.5 in 2021, and a remodeled bathroom in unit 2721.5 (likely 2023/2024). The images of the renovated units showcase modern kitchens with white shaker cabinets, new countertops, updated flooring (laminate/LVP), and contemporary lighting (recessed lights). These specific units appear move-in ready with no immediate renovation required. However, as a 4-plex, and with only specific units/bathrooms mentioned as remodeled, it's unlikely that *all* components across the entire property are new or virtually new, which would be required for an 'Excellent' rating. The 'Good' rating reflects the extensive recent updates that make parts of the property highly functional and appealing, while acknowledging the overall age of the structure and the potential for older elements in un-renovated areas.
Pros & Cons

Pros

Assumable VA Loan: Offers an exceptionally low 2.7% assumable VA interest rate for eligible buyers, providing a significant financial advantage in the current market.
Multi-Unit Investment Property: A four-unit quadruplex providing immediate passive income and diversification, ideal for investors seeking stable cash flow.
Recent Capital Improvements: Features a new roof (2024), recent unit remodels (2021, 2025), and newer exterior paint, significantly reducing near-term capital expenditure risk for the buyer.
Significant Income Upside Potential: Current month-to-month leases allow for quick adjustment to market rents, with a clear path to increase the cash-on-cash return from 0.9% to a projected 5%.
Strategic Location: Situated in a dynamic and revitalizing East LA neighborhood (Boyle Heights), positioning the property for strong long-term appreciation.

Cons

Occupant Disturbance Restriction: The 'DO NOT DISTURB OCCUPANTS' directive limits access for thorough showings and inspections, potentially complicating buyer due diligence.
Age of Property: Built in 1924, the property's age, despite recent upgrades, may imply potential for older infrastructure, systems, and unforeseen maintenance issues not covered by recent renovations.
Extensive Buyer Due Diligence Burden: The broker's broad disclaimer regarding information accuracy places a significant responsibility on the buyer to independently verify all details, potentially incurring additional costs and time for inspections and professional assessments.

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