2809 Folsom, Los Angeles, CA 90033
List Price: $729K
Listing Status: Active
Original List Price: $749K
0Days on Market: 137
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 5,847 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: SB26001073
About This Property
PRIME INVESTMENT IN BOYLE HEIGHTS WITH VALUE ADD OPPORTUNITY. Here’s a great chance to own a triplex in the heart of Boyle Heights. This property sits on an RD1.5 lot and offers both immediate income and long-term potential. The front duplex has two units with 2 bedrooms and 1 bath each, while the back house features 3 bedrooms, 1 bath, a private yard, and a garage with ADU possibilities. All units are occupied with long term tenants with rents still well below market—leaving plenty of room for upside. A long driveway allows for multiple cars, and the location offers quick access to Downtown LA, freeways, transit, and neighborhood amenities. With its price reduction, strong cash flow, and value-add potential, this property is one of the best multifamily buys in the area. Buyer to assist with 1031 Exchange. Drive by only, Inspection subject to offer. Please do not disturb tenants. Property to be delivered with all tenants occupied.
Listing provided by: Simon Wu DRE #01862943 310-539-4300 chungwu219@gmail.com, Home Team Realty
Source: CRMLS, MLS #: SB26001073
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.