Los Angeles, CA 90033 2809 Folsom Street

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Presented By: Patrick Natian with Keller Williams Encino/Sherman Oaks;
  • MLS# SR24064423
  • 04/01/2024
  • Request Tour
  • Request Info
  • BedBeds • 7
  • BathBaths • 3
  • FootageSQFT • 2,519
  • GarageGarage • 1

Home Details

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!
Presented By: Patrick Natian with Keller Williams Encino/Sherman Oaks;

Interior Features for 2809 Folsom Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup, Inside
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 2809 Folsom Street

Additional Parcels Y/NNo
AppliancesGasCooktop, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Curbs
CoolingNone
CountyLos Angeles
Days on Market3
DirectionsRight Turn on Evergreen, Left turn on Folsom
Electric Expense0.0
Entry LocationFolsom St
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1872.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange, FHA203k, FHA, FreddieMac, VALoan
Lot Size Square Feet5847.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income40080.0
New ConstructionNo
Number of Units Leased3
Operating Expense5472.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameFolsom
Tax Lot3
Taxes$10,236
Tenant PaysAllUtilities
Total Units3
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense3600.0
Waterfront Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 2809 Folsom Street

Building Area Total2519.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard
Lot Size Acres0.1342
Lot Size Area5847.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorSingle, Driveway, Garage
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $818,888
MLS#SR24064423
List Date 04/01/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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