2809 Folsom Street

Los Angeles, CA 90033

$818,888
Price
7
Beds
3
Baths
2,519 Sq. Ft.
$325 / Sq. Ft.
2,519
Sq. Ft.
$325
per Sq. Ft.

Description

Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here you’ll find a rare chance to enter the thriving real estate market of Boyle Heights. Fully occupied and producing consistent income streams, this property is an ideal investment for all investors. The triplex features two units leased to Section 8 tenants, ensuring guaranteed monthly income. Two houses are 2 bedroom, 1 bath each and the detached home...Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here you’ll find a rare chance to enter the thriving real estate market of Boyle Heights. Fully occupied and producing consistent income streams, this property is an ideal investment for all investors. The triplex features two units leased to Section 8 tenants, ensuring guaranteed monthly income. Two houses are 2 bedroom, 1 bath each and the detached home is a 3 bedroom, 1 bath home. Currently, the property yields a monthly gross income of $3,796, with the potential for significant growth based on investment strategies. Additionally, the property includes a rear garage, offering the opportunity to convert it into an ADU (Accessory Dwelling Unit). This conversion could elevate the property’s income potential, transforming it into a Fourplex. With LARD1.5 Zoning, there are further possibilities for expansion and enhancement of the property. This investment is strategically positioned for future growth and development. Whether you seek to expand your real estate portfolio or secure passive income, 2809 Folsom Street offers stability and investment returns. Don’t miss out on this exceptional opportunity, reach out and schedule a viewing today!
  1. Listed by Patrick Natian • DRE #02098493 • Keller Williams Encino/Sherman Oaks
  2. Listed by Jack Dalyan • DRE #02204109 • Keller Williams Encino/Sherman Oaks

Property Details for 2809 Folsom Street

View
Neighborhood
Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2519

Location

Listing Courtesy of Keller Williams Encino/Sherman Oaks, Patrick Natian, DRE #02098493; Keller Williams Encino/Sherman Oaks, Jack Dalyan, DRE #02204109
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LISTING UPDATED: 04/03/2024 11:21 PM

Property Details for 2809 Folsom Street

StatusActive
MLS #SR24064423
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,847 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Encino/Sherman Oaks, Patrick Natian, DRE #02098493; Keller Williams Encino/Sherman Oaks, Jack Dalyan, DRE #02204109
Add your commute

Building Information for 2809 Folsom Street

Stories1Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,847 SF

Payment Calculator

$5,209 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,469

Property Taxes

$740

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2809 Folsom Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $45,552
  • Gross Operating Income: $45,552
  • Net Operating Income: $40,080
Expense Details
  • Operating Expense: $5,472
  • New Taxes Expense: $10,236
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,872
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Total Expenses: $15,708
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 203720
  • Tax Census Tract: 2037.20
  • CFD/Mello-Roos Fee: $474
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Biking, Curbs
Property / Structure Info
Interior Features
  • Appliances: Gas Cooktop, Refrigerator
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Refrigerator
  • Room Type: Entry, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile
Exterior Features
  • Roof: Shingle
  • Entry Location: Folsom St
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway, Garage - 1 Car
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,374
  • Unit Type Total Rent: $1,374
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,658
  • Unit Type Total Rent: $1,658
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $764
  • Unit Type Total Rent: $764
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 2809 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 2809 Folsom Street

Taxable ValueLand$428,879Additions$272,338Total$701,217
Tax Record2023$8,884 ($740 / month)
Home Facts
Total Finished SqFt2,519 SqFtAbove Grade Finished SqFt2,519 SqFtLot Size5,845 SqFtStyleTriplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5178-010-003

Schools near 2809 Folsom Street

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

Larchmont Charter School
CharterK to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
Public9 to 12

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.

Similar Homes

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2809 Folsom Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on April 1, 2024 by Keller Williams Encino/Sherman Oaks, it's currently listed at $818,888. It has been on the market for a total of 32 days and was last sold on January 5, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Malabar Street Elementary School, Larchmont Charter School and Felicitas And Gonzalo Mendez High. 2809 Folsom Street is a 7-bed, 3-bath, 2,519 sqft multi-family home built in 1922.

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 Keller Williams Encino/Sherman Oaks, Patrick Natian, DRE #02098493; Keller Williams Encino/Sherman Oaks, Jack Dalyan, DRE #02204109

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.