Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
3 in this area
118 Total Sales
2430 Folsom St Los Angeles, CA 90033
10
Beds
9
Baths
4,805
Sq Ft
6,999
Sq Ft Lot
About This Home
As of July 2022Just Reduced $100,000! We are pleased to exclusively offer for sale this 9 Unit multi-family investment property in the gentrifying Boyle Heights area of the city of Los Angeles. The subject property is comprised of 1(2Bed/1Bath) unit, and an additional 8(1bed/1bath) units. Tenants enjoy on-site garage as well as gated open space parking. The property is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility and exceptional access to public transportation, restaurants, and retail. Located Minutes from USC Medical center and along the 10 freeway which serves as the major gateway to Downtown Los Angeles, this property is poised for a new investor to take advantage of prevailing market rents and drastically increase the overall cash-flow. With prevailing market rents in place, the subject property would offer a 8+% return on investment. The property offers great curb appeal and has been well maintained.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 02/08/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,999 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 5 Open Parking Spaces
- 4 Car Garage
Home Design
- 4,805 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Additional Features
- Laundry Room
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 6 / 12
- Tax Tract Number 6
- Assessor Parcel Number 5177028006
- $1,036 per year additional tax assessments
Community Details
Building Details
- 9 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,033
- Fuel Expense $2,604
- Insurance Expense $1,922
- Maintenance Expense $4,500
- Other Expense $1,350
- Trash Expense $4,195
- Water Sewer Expense $7,490
- New Taxes Expense $18,745
- Operating Expense $41,839
- Gross Income $89,144
- Net Operating Income $44,631
Additional Features
- 9 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2022 07/01/22 | Sold | $1,560,000 | -2.5% | $325 / Sq Ft |
| 03/29/2022 03/29/22 | Pending | -- | -- | -- |
| 03/28/2022 03/28/22 | For Sale | $1,600,000 | +2.6% | $333 / Sq Ft |
| 03/23/2022 03/23/22 | Off Market | $1,560,000 | -- | -- |
| 02/08/2022 02/08/22 | For Sale | $1,700,000 | +36.0% | $354 / Sq Ft |
| 12/28/2018 12/28/18 | Sold | $1,250,000 | -3.5% | $260 / Sq Ft |
| 12/04/2018 12/04/18 | Pending | -- | -- | -- |
| 11/12/2018 11/12/18 | For Sale | $1,295,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22024936
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