2719 Folsom, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 4 bath
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Los Angeles, California 90033
This Premium Multi-Unit Investment Asset is listed at $1,169,000, offering a stable acquisition price near its $1,133,514 Fair Market Value. The property features a rare 2.7% Assumable VA Loan and negotiable seller financing, providing a significant competitive advantage in the current high-interest market. Boasting a Condition Rating of 3, the building includes a New Roof (2024) and recent unit remodels, minimizing near-term capital risk. Located in the Los Angeles Unified district, the month-to-month leases allow for a Value-Add strategy to transition the current 0.9% CoC to a 5% return. This is ideal for Buy-and-Hold Investors or VA-Eligible House Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2719 Folsom Subject | $1,169,000* List Price | 6 | 4 | 3,048 | $372 | - |
A 357 Cornwell Active | $1,349,000 List Price | 6 | 8 | 3,600 | $375 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite its 1924 construction, the property is well-maintained with significant recent upgrades including a new roof (2024), a full unit remodel (2021), and a bathroom renovation (2025). Interior images show modern kitchens with shaker cabinets, stone countertops, and stainless steel appliances, along with updated flooring and recessed lighting, making it move-in ready for tenants.
The property features a rare 2.7% interest rate assumable VA loan and negotiable seller second-loan financing, providing a significant competitive advantage in a high-interest-rate market.
Significant upgrades including a new roof (2024), recent unit remodels (2021 and 2025), and newer exterior paint reduce immediate maintenance costs and capital expenditure risk.
With all units currently on month-to-month leases, there is a clear opportunity to transition from the current 0.9% CoC return to a projected 5% through market-driven rental adjustments.
The current cash-on-cash return of 0.9% is quite low for an investment asset, requiring the buyer to undertake the effort of lease restructuring to realize the property's full income potential.
Built in 1924, the property may have underlying plumbing, electrical, or structural complexities common in century-old buildings that are not fully addressed by recent cosmetic or roof upgrades.
*Seller 2nd Loan Financing negotiable *2.7% INTEREST RATE ASSUMABLE LOAN FOR VA BUYERS. 2719-2721 Folsom Street, Los Angeles (Tenant Occupied 4plex) 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.)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 91% |
| Baths | 4.0 | 0.0 | 91% |
| Square foot | 3,048 | 2,269 | 73% |
| Lot Size | 5,851 | 5,849 | 55% |
| Price | $1.17M | $775.0K | 73% |
| Price per sq ft | $384 | $384 | 50% |
| Built year | 1924 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 197 | 204 | 45% |
Feb 24, 2026
$1,169,000
$1,170,000
+0% Price Increase
Initial Listing
Dec 1, 2025
$1,170,000
$1,188,800
-2% Price Drop
Initial Listing
Oct 21, 2025
$1,188,800
$1,218,800
-2% Price Drop
Initial Listing
Oct 7, 2025
$1,218,800
Initial Listing
Sep 2, 2021
$950,000
Public Record
Aug 16, 2018
$610,000
Public Record