3221 Folsom Street, Los Angeles, California 90063, Los Angeles, 90063 - 5 bed, 3 bath
ACTIVE$919,500
3221 Folsom Street, Los Angeles, California 90063
5Beds
3Baths
2,345Sqft
6,298Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential & Versatility: Features two distinct, fully finished homes (main house + newly constructed ADU) on one lot, offering exceptional flexibility for multi-generational living or significant rental income, further enhanced by separate utility metering.
Top Cons:
Age of Original Structure: The front home, built in 1902, despite being fully remodeled, may still present underlying structural or system challenges associated with older construction that could require future attention.
Compared to the nearby listings
Price:$919.5K vs avg $775.0K (+$144,500)80%
Size:2,345 sqft vs avg 1,977 sqft64%
Price/sqft:$392 vs avg $35352%
More Insights
Built in 1902 (123 years old).
Condition: Despite the original build year of 1902, the listing explicitly states the front home is 'fully remodeled' and the back ADU is 'newly constructed/fully permitted.' The images confirm this, showcasing modern, high-end finishes throughout both units. The kitchens feature new stainless steel appliances, quartz countertops, and contemporary cabinetry. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. Flooring is new and stylish (herringbone pattern in the main house, wood-look in the ADU). All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently renovated property.
Year Built
1902
Close
-
List price
$920K
Original List price
$986K
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
PW25145889
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Incredible Investment Opportunity! Two beautifully finished homes on one expansive lot, perfect for extended families, investors, or savvy owner-occupants. The front home is a fully remodeled 3 bed, 2 bath approx. 1,500 sq ft featuring an open floor plan, its own front porch, high-end stainless steel appliances, quartz countertops, and elegant porcelanosa tiles throughout. In the back, a newly constructed/fully permitted 2 bed, 1 bath ADU offers approx. 800 sq ft of modern living with matching luxury finishes, an open layout, and its own private front porch. Each home is separately metered with its own utilities, providing maximum convenience and rental flexibility. The property sits on a huge lot with ample outdoor space, located near a local school and just minutes from Downtown LA, USC Medical Center, and major transit lines, making commuting and city access a breeze. Live in one and rent the other, or rent out both for strong income potential. Opportunities like this are rare—don’t let this fabulous property pass you by!
Nearby schools
4/10
Malabar Street Elementary School
Public,•K-6•0.1mi
2/10
First Street Elementary School
Public,•K-6•0.6mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.6mi
3/10
Belvedere Elementary School
Public,•K-5•0.7mi
3/10
Harrison Street Elementary School
Public,•K-6•0.8mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.9mi
4/10
Breed Street Elementary School
Public,•K-6•1.1mi
2/10
Murchison Street Elementary School
Public,•K-6•1.1mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.1mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.1mi
4/10
Second Street Elementary School
Public,•K-6•1.3mi
2/10
Lorena Street Elementary School
Public,•K-5•1.3mi
5/10
Sunrise Elementary School
Public,•K-6•1.3mi
/10
Amanecer Primary Center
Public,•K-2•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
4/10
Soto Street Elementary School
Public,•K-6•1.5mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.8mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.8mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.0mi
4/10
Gates Street Elementary School
Public,•K-5•2.1mi
3/10
Albion Street Elementary School
Public,•K-6•2.3mi
3/10
Ann Street Elementary School
Public,•K-6•2.5mi
5/10
Ninth Street School
Public,•K-5•3.1mi
4/10
Belvedere Middle School
Public,•6-8•0.8mi
6/10
Hollenbeck Middle School
Public,•6-8•1.1mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.2mi
4/10
Utah Street Elementary School
Public,•K-8•1.7mi
5/10
El Sereno Middle School
Public,•6-8•2.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.3mi
6/10
Vernon City Elementary School
Public,•K-7•3.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•4.0mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.5mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.0mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.9mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.9mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.2mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.4mi
4/10
Huntington Park Senior High School
Public,•9-12•4.2mi
5/10
Maywood Academy High
Public,•9-12•4.2mi
5/10
Bell Senior High School
Public,•9-12•4.8mi
4/10
Elizabeth Learning Center
Public,•K-12•5.6mi
Price History
Date
Event
Price
03/26/24
Sold
$645,500
Condition Rating
Excellent
Despite the original build year of 1902, the listing explicitly states the front home is 'fully remodeled' and the back ADU is 'newly constructed/fully permitted.' The images confirm this, showcasing modern, high-end finishes throughout both units. The kitchens feature new stainless steel appliances, quartz countertops, and contemporary cabinetry. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. Flooring is new and stylish (herringbone pattern in the main house, wood-look in the ADU). All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently renovated property.
Pros & Cons
Pros
Income Potential & Versatility: Features two distinct, fully finished homes (main house + newly constructed ADU) on one lot, offering exceptional flexibility for multi-generational living or significant rental income, further enhanced by separate utility metering.
Modern & Luxury Finishes: Both the fully remodeled front home and the newly constructed ADU boast high-end stainless steel appliances, quartz countertops, and elegant porcelanosa tiles, ensuring a premium living experience.
Strategic Urban Location: Conveniently located just minutes from Downtown LA, USC Medical Center, and major transit lines, providing excellent accessibility and appeal for commuters and city dwellers.
Separately Metered Units: Each home is independently metered for utilities, simplifying tenant management and maximizing the property's rental income potential and operational efficiency.
Expansive Outdoor Space: The property sits on a huge lot with ample outdoor space, a valuable amenity in an urban environment, offering potential for recreation or further development.
Cons
Age of Original Structure: The front home, built in 1902, despite being fully remodeled, may still present underlying structural or system challenges associated with older construction that could require future attention.
Unspecified Parking Details: While an 'expansive lot' is mentioned, the description lacks specific details regarding dedicated or sufficient parking for two separate residences, which can be a significant concern in Los Angeles.
Recent Price Reductions: The property has undergone multiple price reductions from its original listing, potentially indicating market resistance or an initial overvaluation, which could influence buyer perception or future appraisal.