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About This Home
This 6-bedroom, 6-bathroom multi-family at 2719 Folsom in Los Angeles, CA is listed for $1,169,000 ($384 per sqft). Built in 1924, the home offers 3,048 sqft of living space on a 0.13 acres lot.
*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.)
Key Features
- Built in 1924
- 0.13 acre lot
Property Details
Monthly Cost Estimate
$6,252/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2719 Folsom
Los Angeles, CA 90033
Features & Amenities
Exterior Features
Questions & Answers
This 6-bedroom, 6-bathroom multi-family at 2719 Folsom is listed at $1,169,000 ($384/sqft). The estimated monthly payment is $5,066 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.13 acre lot. Exterior Features: Community Features Included: Sidewalks, Urban, 2-5 Units/Acre.
This property is listed by JUSTIN CHU and can be reached at 6263213211 or justinyichu@gmail.com.