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2809 Folsom Street

Los Angeles, CA 90033

– beds
– baths
– sqft
5,847 sqft lot
1922 build
– on site

Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here you’ll find a rare chance to enter the thriving real estate market of Boyle Heights. Fully occupied and producing consistent income streams, this property is an ideal investment for all investors. The triplex features two units leased to Section 8 tenants, ensuring guaranteed monthly income. Two houses are 2 bedroom, 1 bath each and the detached home is a 3 bedroom, 1 bath home. Currently, the property yields a monthly gross income of $3,796, with the potential for significant growth based on investment strategies. Additionally, the property includes a rear garage, offering the opportunity to convert it into an ADU (Accessory Dwelling Unit). This conversion could elevate the property’s income potential, transforming it into a Fourplex. With LARD1.5 Zoning, there are further possibilities for expansion and enhancement of the property. This investment is strategically positioned for future growth and development. Whether you seek to expand your real estate portfolio or secure passive income, 2809 Folsom Street offers stability and investment returns. Don’t miss out on this exceptional opportunity, reach out and schedule a viewing today!

Listed By CRMLS_CA / Patrick Natian / Keller Williams Encino/Sherman Oaks

Last checked: Checking… • Last updated Apr 4, 2024 •

MLS# SR24064423 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1922
Year Built Source:

Assessor
New Construction:

No
Roof:

Shingle
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

2519.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

3
Stories Total:

1
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Entry Location:

Folsom St
Flooring:

Tile
Room Type:

Entry, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Inside
Laundry:

1

Location

Directions:

Right Turn on Evergreen, Left turn on Folsom
Latitude:

34.04584500
Longitude:

-118.20034200

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

LARD1.5
Lot Features:

Back Yard, Front Yard
Lot Size Area:

5847.0000
Lot Size Acres:

0.1342
Lot Size SqFt:

5847.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

C
Tax Census Tract:

2037.20
Tax Tract:

203720
Tax Lot:

3

The Listing

Buyer's Brokerage Compensation:

2.000%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2
Parcel Number:

5178010003

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Gas Cooktop, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Biking, Curbs
Pool:

None
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Driveway, Garage - Single Door
Parking Spaces:

5.00
Garage Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/1/24 Apr 1, 2024	Listed / Active	CRMLS_CA	$818,888	72.4% (8.9% / YR)
2/24/16 Feb 24, 2016		CRMLS_CA	$475,000

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This multifamily located in Eastside, Los Angeles, CA 90033 is currently for sale for $818,888. 2809 Folsom Street is a – square foot multifamily with – beds and – baths that has been on Estately for 35 days. 2809 Folsom Street is in the Eastside neighborhood of Los Angeles and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Malabar Street Elementary School, Roosevelt Senior High School, Boyle Heights Science Technology Engineering And Math High School, Belvedere Middle School, and Felicitas And Gonzalo Mendez High School.

Listing Courtesy of: CRMLS_CA and Keller Williams Encino/Sherman Oaks. Based on information from California Regional Multiple Listing Service, Inc. as of 06:44 on May 06.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.