NOT LISTED FOR SALE

2719 Folsom St Los Angeles, CA 90033

Estimated Value: $856,000 - $1,216,000

7 Beds
4 Baths
3,048 Sq Ft
$331/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $950,000 $312 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,532/month

37 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Landscaped
  • Felicitas and Gonzalo Mendez High Rated A-
  • Enclosed Patio or Porch
  • Forced Air Heating System

About This Home

As of September 2021

Built in 1924, the property contains a good unit mix of two (2) one bedroom / one bathroom units, one (1) two bedroom / one bathroom unit, and one (1) three bedroom / one bathroom unit. The units are quiet and private with lovely natural sunlight. Each unit is updated with all new hardwood floors, appliances, plumbing, paint, fixtures, and completely remodeled kitchens and bathrooms. The property is a mere five (5) minute drive to Downtown Los Angeles, a seven (7) minute drive to the Arts District, a five (5) minute walk from East Cesar E Chavez Avenue, and is within walking distance to many shops and restaurants.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 06/29/2021

Last Buyer's Agent

Howard Cheng

LPT Realty, Inc License #02041897

LPT Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,395

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,851 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Front Yard

Interior Spaces

  • 3,048 Sq Ft Home
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5177-030-005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Vacancy Allowance $2,134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,395

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3048
  • Lot Acreage: 0.1343
  • Price Per Unit: 237500.00
  • Property Condition: Updated/Remodeled
  • Year Built: 1924
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Hardwood
  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 311.68

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 4
  • Patio: Enclosed
  • Pool: No
  • Spa Yn: No

Utilities

  • Heating: Forced Air, Wall Gas
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 40.16
  • Assessed Improvement Value: 249900
  • Assessed Land Percent: 59.84
  • Assessed Land Value: 372300
  • Total Assessed Value: 622200
  • Assessor Parcel Number: 5177-030-005
  • Lot Description: Front Yard, Landscaped, Fenced Yard, Fenced, Single Lot, Yard
  • Lot Size Area: 5851

Rental Info

  • Number Leased: 4
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.35
  • Number Of Units: 4
  • Total Annual Expense: 20185
  • Type Of Units: Market Rate
  • Vacancy Allow: 2134
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 30, 2021
Sold by
Tuviano Bros Llc
Bought by
Wang Royce
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Howard Cheng
LPT Realty, Inc
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,009,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,212
Avg. Annual Appreciation
1.79%
Original Mortgage
$950,000
Outstanding Balance
$865,046
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$154,495

Purchase Details

Closed on
Jun 22, 2021
Sold by
Tuvia Jason and Tuvia Ari
Bought by
Tuviano Bros Llc

Purchase Details

Closed on
May 6, 2021
Sold by
Tuvia Jason and Tuvia Ari
Bought by
Tuviano Bros Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2021
Sold by
Tuviano Bros Llc
Bought by
Tuvia Jason and Tuvia Ari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2020
Sold by
Tuvia Arilysse Ohayon
Bought by
Tuvia Ari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2019
Sold by
Tuvia Jason and Tuvia Ari
Bought by
Tuviano Bros Llc

Purchase Details

Listed on
May 16, 2018
Closed on
Aug 14, 2018
Sold by
Tuvia Giselli Aurora
Bought by
Tuvia Jason
Seller's Agent
Jesse Uribe
Towne Center Realtors, Inc.
Buyer's Agent
Jesse Uribe
Towne Center Realtors, Inc.
List Price
$609,999
Sold Price
$610,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$457,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2018
Closed on
Jul 17, 2018
Sold by
Ortiz Ana M
Bought by
Tuvia Jason and Tuvia Ari
Seller's Agent
Jesse Uribe
Towne Center Realtors, Inc.
Buyer's Agent
Jesse Uribe
Towne Center Realtors, Inc.
List Price
$609,999
Sold Price
$610,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2014
Sold by
Ortiz Ana M
Bought by
Ortiz Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2014
Sold by
Reynaga Francisco
Bought by
Ortiz Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2008
Sold by
Ortiz Ana M
Bought by
Ortiz Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2006
Sold by
Ortiz Ana M and Sandoval Consuelo
Bought by
Ortiz Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2001
Sold by
Sandoval Elisa and Sandoval Consuelo
Bought by
Ortiz Ana M and Sandoval Consuelo

Purchase Details

Closed on
Apr 4, 1997
Sold by
Sandoval Elisa
Bought by
Sandoval Elisa and Sandoval Consuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
3.95%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wang Royce $950,000 Ticor Title Company
Tuviano Bros Llc -- Accommodation
Tuviano Bros Llc -- Accommodation
Tuvia Jason -- Lawyers Title
Tuvia Jason -- Lawyers Title
Tuvia Ari -- Lawyers Title
Tuvia Jason -- Lawyers Title
Tuviano Bros Llc -- Ticor Title
Tuvia Jason -- Wfg National Title Company
Tuvia Jason $610,000 Wfg National Title Company
Ortiz Ana M -- Fidelity National Title
Ortiz Ana M -- Fidelity National Title
Ortiz Ana M -- Fidelity National Title
Ortiz Ana M -- Alliance Title Company
Ortiz Ana M -- --
Sandoval Elisa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Royce $950,000
Previous Owner Tuvia Jason $540,000
Previous Owner Tuvia Jason $540,000
Previous Owner Tuvia Jason $457,500
Previous Owner Ortiz Ana M $224,000
Previous Owner Ortiz Ana M $224,500
Previous Owner Ortiz Ana M $224,500
Previous Owner Ortiz Ana M $205,000
Previous Owner Ortiz Ana M $100,000
Previous Owner Ortiz Ana M $59,000
Previous Owner Sandoval Elisa $157,400
Previous Owner Sandoval Elisa $146,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $950,000 0.0% $312 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $950,000 0.0% $312 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $950,000 +55.7% $312 / Sq Ft
08/16/2018 08/16/18 Sold $610,000 0.0% $200 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $609,999 -- $200 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,395 $1,008,147 $705,703 $302,444
2024 $12,395 $988,380 $691,866 $296,514
2023 $12,160 $969,000 $678,300 $290,700
2022 $11,603 $950,000 $665,000 $285,000
2021 $7,895 $628,645 $376,157 $252,488
2020 $7,970 $622,660 $372,300 $250,360
2019 $7,666 $610,460 $365,000 $245,460
2018 $3,569 $273,099 $71,401 $201,698
2016 $3,382 $262,054 $68,629 $193,425
2015 $3,336 $258,119 $67,599 $190,520
2014 $3,371 $253,063 $66,275 $186,788
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-754468

The MLS

APN: 5177-030-005