2815 Folsom Street

    Los Angeles (City), CA 90033
    • $825,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: 18337444
    UPDATED: 43 min ago
    $825,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,623
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this four (4) unit multi-family investment opportunity located at 2815 Folsom Street, in the City of Boyle Heights. This two-story building, consisting of two separate (2) structures, was constructed of wood frame and stucco on a raised foundation built in 1928 & 1953 with a square footage of 2,623 on a 5,845-square foot lot. The building has been reinforced, upgraded, and is comprised of a remarkable unit mix, consisting of two (2) 1+1 units, and two (2) 3+1 units. The subject property is 50% occupied, and is subject to the City of Los Angeles rent control regulation.The investment boasts spacious floor plans, secured gated entry, washer/dryers within each unit, six (6) on-site parking spaces, updated copper plumbing throughout, double pane windows, recently painted, and individually metered for gas and electricity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T14:29:40.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/82960503

    2815 Folsom Street Los Angeles (City), CA 90033

    • Price: $825,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 18337444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,623
    SQFT
    $315
    $/SQFT
    1928
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are pleased to offer for sale this four (4) unit multi-family investment opportunity located at 2815 Folsom Street, in the City of Boyle Heights. This two-story building, consisting of two separate (2) structures, was constructed of wood frame and stucco on a raised foundation built in 1928 & 1953 with a square footage of 2,623 on a 5,845-square foot lot. The building has been reinforced, upgraded, and is comprised of a remarkable unit mix, consisting of two (2) 1+1 units, and two (2) 3+1 units. The subject property is 50% occupied, and is subject to the City of Los Angeles rent control regulation.The investment boasts spacious floor plans, secured gated entry, washer/dryers within each unit, six (6) on-site parking spaces, updated copper plumbing throughout, double pane windows, recently painted, and individually metered for gas and electricity.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 6.00 Gross Multiplier 11.44 Gross Operating Income 72096.00 Improvements Amount 240000 Land Value 275000 Laundry YN Yes Net Operating Income 49514.00 Special Listing Conditions Standard Total Expenses 21140.00 Zoning Lard1.5

    Listing provided courtesy of Davis Saadian of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T14:29:40.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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