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

2719 Folsom, Los Angeles, California 90033 home-pic-0
ACTIVE$1,170,000
2719 Folsom, Los Angeles, California 90033
6Beds
4Baths
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
WS25234373
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.17M(75th), sqft - 3048(69th), beds - 6(94th), baths - 4(94th).

*2.7% INTEREST RATE ASSUMABLE LOAN 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
12/01/25
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
Excellent
Despite being built in 1924, the property has undergone significant and recent extensive renovations. The listing explicitly states a 'full remodel of unit 2719.5 (2021)' and a 'remodeled bathroom in unit 2721.5 (2025)', along with a new roof (2024) and newer exterior paint. The images of the renovated units showcase modern kitchens with white shaker cabinets, light countertops, and updated fixtures, as well as contemporary bathrooms. The flooring in these units is modern wood-look laminate. These updates, all within the last 3-4 years (or planned for next year), align with the 'extensively renovated within 5 years' criteria, indicating virtually new components and meeting current quality standards.
Pros & Cons

Pros

Assumable VA Loan: A highly attractive 2.7% interest rate assumable VA loan offers significant financial leverage and cost savings for eligible buyers.
Multi-Unit Income Property: As a four-unit quadruplex, it provides diversified rental income streams, enhancing investment stability and potential.
Recent Capital Upgrades: Significant recent improvements, including a new roof (2024), a remodeled bathroom (2025), a full unit remodel (2021), and newer exterior paint, minimize immediate capital expenditure for the buyer.
Strong Cash Flow Upside: Flexible month-to-month leases and a stated 'clear path to 5% CoC' through market rent adjustments present substantial income growth potential.
Strategic Location: Positioned in a dynamic and revitalizing East LA neighborhood, promising long-term appreciation and increasing rental demand.

Cons

Sub-Optimal Current Cash Flow: The property's current 0.9% Cash-on-Cash return is low, requiring active management and rental adjustments to achieve desired profitability.
Occupancy & Access Challenges: Being fully tenant-occupied with a 'do not disturb' directive may complicate property showings, inspections, and the due diligence process for potential buyers.
Recent Price Reductions: Multiple price drops from the initial listing suggest potential overpricing or market resistance, which could impact perceived value or indicate a longer sales cycle.

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