3339 Folsom Street

Los Angeles, CA 90063

$1,375,000
Price
11
Beds
6
Baths
5,030 Sq. Ft.
$273 / Sq. Ft.
5,030
Sq. Ft.
$273
per Sq. Ft.

Description

CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property...CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property nestled in a small pocket next to Boyle Heights also has the potential to add an ADU with preliminary plans already in place(Buyer to Verify). There is also 50% upside potential with the current rents in place. The property boasts favorable CapEx improvements such as new roofs, gutters, repiping to copper, and new sewer lines. With both 50% upside in rental potential as well as preliminary plans for ADU in place, there is tons of upside for a potential buyer.
  1. Listed by John Boyett • DRE #02056759 • Brokerage DRE #00868409 • CBRE

Property Details for 3339 Folsom Street

Zoning
LCR2*
Style
Other
Parcel Number
5231025006
Total Units
6.0
Living Area
5030
Source Living Area
Vendor Enhanced
Area
East LA
Vacancy Rate
0

Location

Listing Courtesy of CBRE, John Boyett, DRE #02056759
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LISTING UPDATED: 05/07/2024 12:01 AM

Property Details for 3339 Folsom Street

StatusActive
MLS #24-385715
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.25 AC / 11,101 SF
CountyLos Angeles County

Location

Listing Courtesy of CBRE, John Boyett, DRE #02056759
Add your commute

Building Information for 3339 Folsom Street

Stories-Residences-Year Built1924Building Size-Lot Size0.25 AC / 11,101 SF

Payment Calculator

$8,982 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,504

Property Taxes

$1,478

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3339 Folsom Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 5
  • Type Of Units: Dwellings
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $113,239
  • Net Operating Income: $72,489.00
  • Gross Income: $110,556
  • Gross Rent Multiplier: $11.80
  • Total Annual Expense: 40750
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2548
  • Lot Size Square Feet: 11101
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Rooms: Other
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Other
  • Equipment: None
  • Common Walls: Detached/No Common Walls
  • Laundry: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,196.00
  • Unit Actual Rent: $2,196.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,236.00
  • Unit Actual Rent: $2,236.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $570.00
  • Unit Actual Rent: $570.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $1,820.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,924.00
  • Unit Actual Rent: $1,924.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $531.00
  • Unit Actual Rent: $531.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $471,301.00
  • Assessed Improvement Percent: 39.05
  • Assessed Land Value: $735,562.00
  • Assessed Land Percent: 60.95
  • Assessed Total Value: $1,206,863.00

Property History for 3339 Folsom Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3339 Folsom Street

Taxable ValueLand$735,562Additions$471,301Total$1,206,863
Tax Record2023$17,735 ($1,478 / month)
Home Facts
Total Finished SqFt5,030 SqFtAbove Grade Finished SqFt5,030 SqFtLot Size11,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLCR2*CountyLOS ANGELESAPN5231-025-006

Schools near 3339 Folsom Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Malabar Street Elementary School
PublicK to 6

Alliance College-Ready Middle Academy 8
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3339 Folsom Street is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on April 29, 2024 by CBRE, it's currently listed at $1,375,000. It has been on the market for a total of 33 days and was last sold on January 20, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Malabar Street Elementary School, Alliance College-Ready Middle Academy 8 and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 3339 Folsom Street is a 11-bed, 6-bath, 5,030 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, John Boyett, DRE #02056759

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.