2719 Folsom St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,248,800 USD
310-527-1927
2719 Folsom St, Los Angeles, CA for Sale
$1,248,800 USD
Apartments - FOR SALE
1/31
null | 4.2% Cap Rate

2719 Folsom St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Strong Upside Potential
  • Close to major freeways (5,10,60 freeways) and Metros
  • Three MTM Tenants

OVERVIEW

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.) Please call Justin Chu 6263213211 or email offers Subject to interior Inspection to Justinyichu@gmail.com

FOR SALE DETAILS

PRICE

$1,248,800 USD

PRICE/SF

$410 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,200

CAP RATE

4.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Folsom 4plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,851 SF

ZONING

LAR2

APN/PARCEL ID

5177-030-005

ASK ABOUT THIS PROPERTY

Abe LimCirca PropertiesMore Info
310-527-1927

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Abe LimCirca PropertiesMore Info
310-527-1927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.