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Folsom 4plex 2719 Folsom St 4 Unit Apartment Building $1,170,000 ($292,500/Unit) 4.48% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Strong Upside Potential
- Three MTM Tenants
- Close to major freeways (5,10,60 freeways) and Metros
EXECUTIVE SUMMARY
2719-2721 Folsom Street, Los Angeles (Tenant Occupied 4plex) !!! 2.7% interest rate loan is assumable to VA Buyers only.
This premium multi-unit investment in the revitalizing East LA neighborhood offers immediate passive income with significant upside potential. Spanning approximately 3,048 sq ft, this well-maintained, four-unit property, built in 1924, is primed for strong returns.
Stable Cash Flow: Currently delivering a 0.9% CoC, with a clear path to 5% through market-driven rental adjustments.
Recent Upgrades: New roof (2024), remodeled bathroom in unit 2721.5 (2025), full remodel of unit 2719.5 (2021), and newer exterior paint reduces near-term capex risk.
Flexible Leases: Month-to-month agreements allow quick alignment with market rents, maximizing income potential.
Prime Location: Situated in a dynamic, up-and-coming neighborhood, this asset is well-positioned for long-term appreciation.
Seize this opportunity to invest in a turnkey property with both stability and growth potential!
PLEASE DO NOT DISTURB OCCUPANTS!
Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements, and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e., attorney, appraiser, architect, contractor, surveyor, etc.)
Please call Justin Chu 6263213211 or email offers Subject to interior Inspection to Justinyichu@gmail.com
This premium multi-unit investment in the revitalizing East LA neighborhood offers immediate passive income with significant upside potential. Spanning approximately 3,048 sq ft, this well-maintained, four-unit property, built in 1924, is primed for strong returns.
Stable Cash Flow: Currently delivering a 0.9% CoC, with a clear path to 5% through market-driven rental adjustments.
Recent Upgrades: New roof (2024), remodeled bathroom in unit 2721.5 (2025), full remodel of unit 2719.5 (2021), and newer exterior paint reduces near-term capex risk.
Flexible Leases: Month-to-month agreements allow quick alignment with market rents, maximizing income potential.
Prime Location: Situated in a dynamic, up-and-coming neighborhood, this asset is well-positioned for long-term appreciation.
Seize this opportunity to invest in a turnkey property with both stability and growth potential!
PLEASE DO NOT DISTURB OCCUPANTS!
Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements, and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e., attorney, appraiser, architect, contractor, surveyor, etc.)
Please call Justin Chu 6263213211 or email offers Subject to interior Inspection to Justinyichu@gmail.com
PROPERTY FACTS
| Price | $1,170,000 | Apartment Style | Low-Rise |
| Price Per Unit | $292,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.48% | Building Size | 3,048 SF |
| Gross Rent Multiplier | 15.62 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2021 |
| Property Subtype | Apartment | ||
| Zoning | LAR2 | ||
| Price | $1,170,000 |
| Price Per Unit | $292,500 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 15.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,048 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1924/2021 |
| Zoning | LAR2 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5177-030-005 | Improvements Assessment | $302,444 |
| Land Assessment | $705,703 | Total Assessment | $1,008,147 |
PROPERTY TAXES
Parcel Number
5177-030-005
Land Assessment
$705,703
Improvements Assessment
$302,444
Total Assessment
$1,008,147
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Folsom 4plex | 2719 Folsom St
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