2545 Folsom Street, Los Angeles, California 90033, Los Angeles, 90033 - 4 bed, 2 bath
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This property presents a High-Potential Investment Opportunity with a List Price of $449,000—positioned well below the $426,921 Fair Market Value by -5%. While the property requires significant rehabilitation given its Condition Rating of 5, the 5,391 square foot lot offers substantial development potential for an ADU. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a total renovation of the 1,008 square foot layout to maximize rental yield or resale value in the Boyle Heights market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2545 Folsom Street Subject | $449,000* List Price | 4 | 2 | 1,008 | $424 | - |
A 1237 N Evergreen Pending | $515,000 List Price | 2 | 1 | 1,008 | $511 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1902 and explicitly marketed as a 'Fixer flip,' the property is over 120 years old and requires a total rehabilitation of the kitchen, bathrooms, and major systems (HVAC/Electric) to be habitable.
Priced competitively at $449,000, this 'fixer flip' presents a significant value-add opportunity for investors looking to capitalize on the high-demand Boyle Heights market.
The generous 5,391 square foot lot provides ample space for potential expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize the property's density and rental income.
Featuring a 4-bedroom, 2-bathroom configuration, the property offers a rare and versatile layout for its size, making it highly attractive for large families or high-yield rental strategies.
As a designated fixer-upper, the property requires substantial capital investment to address likely structural, cosmetic, and system upgrades, which may pose a risk for inexperienced buyers.
With 4 bedrooms squeezed into just 1,008 square feet, the individual room sizes are likely very small, and the 1902 construction may feature layout inefficiencies and aging infrastructure.
4 Bed 2 bath Fixer flip
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,008 | 1,672 |
| Lot Size | 5,391 | 6,067 |
| Price | $449.0K | $1.37M |
| Price per sq ft | $445 | $801 |
| Built year | 1902 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 23, 2026
$449,000
Initial Listing