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Los Angeles, CA 90063 3313 Folsom Street

$1,670,000

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Presented By: RICHARD TAMAYO with TAMAYO & ASSOC. R.E.; 323-717-3744
  • MLS# WS24016709
  • 02/01/2024
  • Request Tour
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  • BedBeds • 12
  • BathBaths • 8
  • FootageSQFT • 5

Home Details

"Investor Dream" Nothing but money! 5 units that feature (Two) 2 bedroom 2-bath (One) 2 bedroom 1- Bath (One) 3-bedroom 2- bath and (One) 3 bedroom 1-bath. This unique property is situated on a 11,000+ square foot Lot and has two separate addresses, (5) separate gas meters, (5) separate electric meters and 2 water meters (Note: Possible SB9 Opportunity). If you are looking for positive cash flow, this is it. But that's not all. What if I can tell you that the seller is willing to carry with great terms for the buyer, if an offer comes in that is acceptable to the seller, yes sir, Seller may carry on this one. Property has low vacancy and cash flow rents with great upside on this unique investment property in the up-and-coming Boyle Heights Neiborhood.
Presented By: RICHARD TAMAYO with TAMAYO & ASSOC. R.E.; 323-717-3744

Interior Features for 3313 Folsom Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level

General for 3313 Folsom Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Mountainous, StormDrains, StreetLights, Sidewalks
CountyLos Angeles
Current FinancingPrivate
Days on Market
DirectionsGo to Malabar left of Folsom
Electric Expense0.0
Entry Location
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income110268.0
HOA0.0
HOA / Comm AssnNo
HeatingFloorFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashtoNewLoan, Conventional, OwnerMayCarry
Lot Size Square Feet11494.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income22000.0
New ConstructionNo
Number of Units Leased5
Operating Expense0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionRepairsCosmetic
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameFolsom
Tax Lot62
Tenant PaysElectricity, Gas, ParkingFee
Total Actual Rent110268.0
Total Units5
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerConnected
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningLCR2*

Exterior for 3313 Folsom Street

Building Area Total5.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.2639
Lot Size Area11494.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings5
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesOnSite
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,670,000
MLS#WS24016709
List Date 02/01/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors