2719 Folsom, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 4 bath
2719 Folsom
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2719 Folsom, Los Angeles, California 90033 is currently available with a list price of $1,169,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Financing Options
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.
- Recent Capital Improvements
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.
- Significant Value-Add Potential
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.
CONSRISKS & DEFICIENCIES
- Low Initial Cash Flow
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.
- Vintage Infrastructure Risks
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.
About 2719 Folsom
*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.)
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1924
- Lot Size
- 5,851 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | - | 93% |
| Baths | 4.0 | - | 93% |
| Square foot | 3,048 | 2,286 | 57% |
| Lot Size | 5,851 | 5,887 | 50% |
| Price | $1.17M | $847.5K | 79% |
| Price per sq ft | $384 | $379 | 57% |
| Built year | 1924 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 150 | 212 | 14% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,169,000
$1,170,000
+0% Price Increase
Initial Listing
Price Change
Dec 1, 2025
$1,170,000
$1,188,800
-2% Price Drop
Initial Listing
Price Change
Oct 21, 2025
$1,188,800
$1,218,800
-2% Price Drop
Initial Listing
Price Change
Oct 7, 2025
$1,218,800
Initial Listing
Sold
Sep 2, 2021
$950,000
Public Record
Sold
Aug 16, 2018
$610,000
Public Record