3221 Folsom Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$919,500
3221 Folsom Street, Los Angeles, California 90063
0Bed
0Bath
2,345Sqft
6,298Lot
Year Built
1902
Close
-
List price
$920K
Original List price
$986K
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
PW25153299
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $919.5K(81th), sqft - 2345(65th), beds - undefined(50th), baths - undefined(50th).
Incredible Investment Opportunity! Two beautifully finished homes on one expansive lot, perfect for extended families, investors, or savvy owner-occupants. The front home is a fully remodeled 3 bed, 2 bath approx. 1,500 sq ft featuring an open floor plan, its own front porch, high-end stainless steel appliances, quartz countertops, and elegant porcelanosa tiles throughout. In the back, a newly constructed/fully permitted 2 bed, 1 bath ADU offers approx. 800 sq ft of modern living with matching luxury finishes, an open layout, and its own private front porch. Each home is separately metered with its own utilities, providing maximum convenience and rental flexibility. The property sits on a huge lot with ample outdoor space, located near a local school and just minutes from Downtown LA, USC Medical Center, and major transit lines, making commuting and city access a breeze. Live in one and rent the other, or rent out both for strong income potential. Opportunities like this are rare don’t let this fabulous property pass you by!
Nearby schools
4/10
Malabar Street Elementary School
Public,•K-6•0.1mi
2/10
First Street Elementary School
Public,•K-6•0.6mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.6mi
3/10
Belvedere Elementary School
Public,•K-5•0.7mi
3/10
Harrison Street Elementary School
Public,•K-6•0.8mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.9mi
4/10
Breed Street Elementary School
Public,•K-6•1.1mi
2/10
Murchison Street Elementary School
Public,•K-6•1.1mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.1mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.1mi
4/10
Second Street Elementary School
Public,•K-6•1.3mi
2/10
Lorena Street Elementary School
Public,•K-5•1.3mi
5/10
Sunrise Elementary School
Public,•K-6•1.3mi
/10
Amanecer Primary Center
Public,•K-2•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
4/10
Soto Street Elementary School
Public,•K-6•1.5mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.8mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.8mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.0mi
4/10
Gates Street Elementary School
Public,•K-5•2.1mi
3/10
Albion Street Elementary School
Public,•K-6•2.3mi
3/10
Ann Street Elementary School
Public,•K-6•2.5mi
5/10
Ninth Street School
Public,•K-5•3.1mi
4/10
Belvedere Middle School
Public,•6-8•0.8mi
6/10
Hollenbeck Middle School
Public,•6-8•1.1mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.2mi
4/10
Utah Street Elementary School
Public,•K-8•1.7mi
5/10
El Sereno Middle School
Public,•6-8•2.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.3mi
6/10
Vernon City Elementary School
Public,•K-7•3.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•4.0mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.5mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.0mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.9mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.9mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.2mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.4mi
4/10
Huntington Park Senior High School
Public,•9-12•4.2mi
5/10
Maywood Academy High
Public,•9-12•4.2mi
5/10
Bell Senior High School
Public,•9-12•4.8mi
4/10
Elizabeth Learning Center
Public,•K-12•5.6mi
Price History
Date
Event
Price
10/28/25
Price Change
$919,500-0.6%
10/15/25
Price Change
$925,000-5.1%
08/15/25
Price Change
$975,000-1.1%
07/08/25
$985,999
03/26/24
Sold
$645,500
Condition Rating
Excellent
Despite the original build year of 1902, the listing explicitly states the front home is 'fully remodeled' and the back ADU is 'newly constructed/fully permitted.' The images confirm this, showcasing modern, high-end finishes throughout both units. The kitchen features white shaker cabinets, stainless steel appliances, and quartz countertops. Bathrooms are updated with contemporary vanities, gold-tone fixtures, and large format tile. Flooring is a stylish herringbone pattern in the main living areas and modern plank in bedrooms. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Dual Income & Versatile Living: Features two separate, fully finished homes (main house + newly constructed ADU) with individual metering, offering strong income potential for investors or flexible living arrangements for extended families/owner-occupants.
Extensive Modern Renovations: The front home is fully remodeled with high-end stainless steel appliances, quartz countertops, and porcelanosa tiles, while the ADU is newly constructed with matching luxury finishes, ensuring move-in ready condition.
Prime Urban Location: Strategically located just minutes from Downtown LA, USC Medical Center, and major transit lines, providing excellent accessibility and convenience for commuting and city amenities.
Generous Lot Size: Sits on an expansive 6,298 sq ft lot with ample outdoor space, a significant advantage in a dense urban environment like Los Angeles.
Desirable City Lights View: The property offers a 'City Lights' view, adding aesthetic appeal and potentially enhancing its market value.
Cons
History of Price Reductions: The property has undergone multiple price reductions from its original list price of $985,999 to $919,500, which may suggest initial overpricing or market resistance.
Age of Original Structure: The front home was built in 1902. While extensively remodeled, the age of the original foundation and underlying structure could present long-term maintenance considerations or require further inspection.
Unspecified Parking Details: Although there is 'ample outdoor space,' the description does not explicitly detail dedicated parking arrangements for two separate units, which is a crucial factor in urban areas and for multi-unit properties.