2719 Folsom
Los Angeles, CA, 90033 $ 1,170,000
Baths1.0 Sq 3,048 Monthly Estimate*
$ 7,299
Listed by CIRCA PROPERTIES, INC.
Studio for $1,170,000 with 1 full bath. This 3,048 square foot home was built in 1924 on a lot size of 0.1343.
*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.)
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1924
Tenant Pays Electricity
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 79946
Community Features Sidewalks Urban
County Los Angeles
Net Operating Income 56065
Operating Expense 21483
Insurance Expense 3883
New Construction false
Property Type Residential Income
HOA false
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross St is Cesar Chavez Ave
City Los Angeles
Entry Location East
Senior Community Y/N false
Number Of Units Total 4
MLS Area BOYH - Boyle Heights
Lot Size Units Square Feet
Lot Size Square Feet 5851
Number of Units Leased 4
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional VA Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 4200
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 5
Total Actual Rent 6662
Property Sub Type Additional Quadruplex
Taxes 14000
Cap Rate 4.6
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InteriorTotal Stories 1
Common Walls No Common Walls
Laundry Features None
Entry Level 1
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ExteriorLot Features 2-5 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 5851
Number of Buildings 2
Building Area Total 3048
Lot Size Acres 0.1343
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByCirca Properties, Inc.Broker
justinyichu@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,299
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,868,117
Percent of Sale Price 60%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $1,170,000 | | Listed Price |