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3724 Folsom St, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath

3724 Folsom St, Los Angeles, California 90063 home-pic-0
ACTIVE$675,000
3724 Folsom St, Los Angeles, California 90063
2Beds
1Bath
600Sqft
3,094Lot
Year Built
1924
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$1,125
HOA
-
Days on market
-
Sold On
-
MLS number
DW25258644
Home ConditionFair
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $675.0K(49th), sqft - 600(2th), beds - 2(37th), baths - 1(43th).

Welcome to 3724 Folsom St — a charming and versatile property in the vibrant hills of East Los Angeles! This cozy 2-bed, 1-bath home blends comfort, charm, and potential. Step inside to an inviting living space with warm natural light and a functional layout perfect for everyday living. A standout feature is the converted basement unit with its own private entrance, offering a great opportunity for guest quarters, home office, or multigenerational living. Sitting on a generous lot, the property also INCLUDES A LARGE VACANT PARCEL THAT IS PART OF THE SALE— a rare find in this area! With ample outdoor space, there’s potential to build an ADU, additional parking, or create your dream outdoor oasis (buyer to verify possibilities). Located in a convenient and commuter-friendly neighborhood, you’ll enjoy easy access to public transportation, major freeways, Downtown LA, Cal State LA, parks, local dining, and cultural hotspots. Whether you’re a first-time buyer, an investor, or someone looking to expand, this property offers endless potential in one of LA’s most connected communities. Don’t miss out on this unique opportunity to own a home with expansion potential in the heart of Los Angeles! ***This property qualifies for $10,000 GRANT, 3% down payment and no PMI!!***

Price History

Date
Event
Price
11/13/25
Listing
$675,000
10/21/15
Sold
$270,000
06/25/10
Sold
$180,000
09/23/09
Sold
$86,500
09/04/07
Sold
$420,000
03/30/07
Sold
$435,000
Condition Rating
Fair
The property, built in 1924, features a recently updated main living unit with modern kitchen appliances, granite countertops, subway tile backsplash, recessed lighting, and updated flooring and bathroom vanity. This main unit appears move-in ready and cosmetically appealing. However, the converted basement unit is significantly more dated, with older white appliances, basic cabinetry, and tile flooring, suggesting a renovation 15-30 years ago or less. Crucially, the property's advanced age (100 years) and the MLS description's explicit mention of potential 'aging infrastructure (plumbing, electrical, roof)' indicate that while cosmetic updates are present, major systems are likely outdated and may require substantial investment in the near future. This mixed condition, with a cosmetically updated main unit but an older basement and underlying aged infrastructure, places the overall property in the 'Fair' category, requiring minor updates in the basement and potential future repairs to major systems.
Pros & Cons

Pros

Significant Expansion Potential: The property includes a large vacant parcel, offering rare opportunities for ADU construction, additional parking, or extensive landscaping, significantly increasing future value and utility.
Income-Generating/Flexible Living Space: A converted basement unit with a private entrance provides immediate potential for rental income, guest accommodation, or a dedicated home office, enhancing the property's versatility.
Attractive Financial Incentives: Eligibility for a $10,000 grant, a low 3% down payment, and no PMI significantly lowers the barrier to entry for prospective buyers, making it a highly accessible investment.
Prime Commuter-Friendly Location: Situated in a vibrant East Los Angeles neighborhood with excellent access to public transportation, major freeways, Downtown LA, and educational/cultural hubs, ideal for urban living.
Historic Charm & Functional Layout: Despite its age, the home is described as 'charming' with a 'functional layout' and 'warm natural light,' offering a cozy and inviting living environment.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3094, other record lot size in square feet = 2867. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Limited Interior Living Space: The main residence is a compact 600 sqft with only one bathroom, which may feel restrictive for some buyers, particularly families or those desiring more spacious living.
Advanced Age of Structure: Built in 1924, the property is nearly a century old, suggesting potential for aging infrastructure (plumbing, electrical, roof) that may require substantial investment for modernization or repairs.
Absence of Scenic Views: Despite its location in the 'hills of East Los Angeles,' the property explicitly lacks any notable views, which could be a disadvantage for buyers seeking a scenic outlook.

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