2809 Folsom, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
2809 Folsom
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2809 Folsom, Los Angeles, California 90033 is currently available with a list price of $748,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property was built in 1922, making it over 100 years old. The listing highlights a 'value add opportunity' and 'rents well below market,' strongly indicating that the interior units, including kitchens and bathrooms, are significantly outdated and require substantial rehabilitation to meet current standards. The 'drive by only, inspection subject to offer' clause further suggests that the interior condition is not suitable for showcasing and likely has significant deferred maintenance and outdated systems, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Property
As a triplex, this property offers diversified income streams and is explicitly marketed as a residential income property, appealing to investors seeking multiple revenue sources.
- Significant Value-Add Potential
The property presents substantial upside with rents 'well below market' and clear ADU possibilities (garage conversion), allowing for considerable future income growth and property value appreciation.
- Strategic Boyle Heights Location
Situated in a prime Boyle Heights location, it offers quick access to Downtown LA, major freeways, public transit, and neighborhood amenities, enhancing tenant desirability and long-term appreciation.
CONSRISKS & DEFICIENCIES
- Restricted Due Diligence Access
The 'drive by only, inspection subject to offer, do not disturb tenants' clause severely limits a buyer's ability to conduct thorough pre-offer inspections, increasing investment risk due to unknown conditions.
- Tenant Management & Rent Increases
While offering upside, the presence of long-term tenants with below-market rents implies potential challenges and time investment in rent adjustments and tenant relations, which can be a complex process.
- Age of Property (1922)
Built in 1922, the property is likely to require significant capital expenditures for deferred maintenance, system upgrades (e.g., plumbing, electrical), and potential remediation of older building materials.
About 2809 Folsom
PRIME INVESTMENT IN BOYLE HEIGHTS WITH VALUE ADD OPPORTUNITY. Here’s a great chance to own a triplex in the heart of Boyle Heights. This property sits on an RD1.5 lot and offers both immediate income and long-term potential. The front duplex has two units with 2 bedrooms and 1 bath each, while the back house features 3 bedrooms, 1 bath, a private yard, and a garage with ADU possibilities. All units are occupied with long term tenants with rents still well below market—leaving plenty of room for upside. A long driveway allows for multiple cars, and the location offers quick access to Downtown LA, freeways, transit, and neighborhood amenities. With its price reduction, strong cash flow, and value-add potential, this property is one of the best multifamily buys in the area. Buyer to assist with 1031 Exchange. Drive by only, Inspection subject to offer. Please do not disturb tenants. Property to be delivered with all tenants occupied.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 5,847 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,519 | 2,272 | 62% |
| Lot Size | 5,847 | 5,849 | 46% |
| Price | $748.9K | $750.0K | 46% |
| Price per sq ft | $297 | $377 | 31% |
| Built year | 1922 | 1925 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 211 | 8% |
Pricing History
Listed for Sale
Jan 5, 2026
$748,888
Initial Listing
Sold
Feb 22, 2016
$475,000
Public Record
Sold
Sep 30, 2002
$224,000
Public Record