3335 Folsom Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$950,000$5,244/sqft
3335 Folsom Street, Los Angeles, California 90063
0Bed
0Bath
5,244Sqft
14,148Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential & Flexibility: Explicitly marketed for investors, this property offers unique flexibility to be configured as a large single-unit or easily converted back into two 4-bed/4-bath units, catering to diverse investment strategies and 'so many use codes'.
Top Cons:
Advanced Age & Potential Renovation Needs: Built in 1880, the property is very old, suggesting potential for significant deferred maintenance, outdated systems, and the necessity for extensive renovations to meet modern standards or tenant expectations.
Compared to the nearby listings
Price:$950.0K vs avg $777.5K (+$172,500)75%
Size:5,244 sqft vs avg 2,055 sqft96%
Price/sqft:$181 vs avg $3478%
More Insights
Built in 1880 (146 years old).
Condition: Built in 1880, this property is significantly aged. While the listing describes it as an 'opportunity for investors' with 'lots of potential,' this typically implies substantial work is needed. The property analysis explicitly notes 'Advanced Age & Potential Renovation Needs' and 'significant deferred maintenance,' indicating outdated systems and the necessity for extensive renovations. The exterior images show an aged building with visible wear and tear, and a somewhat neglected appearance. With no interior images provided, especially for kitchens and bathrooms, and given the 14-bedroom, 8-bathroom configuration in such an old structure, it's highly probable these areas are severely outdated and require complete overhaul. The property requires substantial repairs and rehabilitation to meet modern standards or be comfortably livable.
Year Built
1880
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$181
HOA
-
Days on market
-
Sold On
-
MLS number
DW24146901
Home ConditionPoor
Features
ViewNeighborhood
About this home
AMAZING OPPORTUNITY FOR INVESTORS...THIS BEAUTIFUL DUPLEX HAS BEEN CONVERTED INTO ONE SINGLE UNIT..THIS VERY SPACIUOS PROPERTY FEATURES 14 BEDROOM AND 8 FULL BATHROOM THAT EASILY CAN BE CONVERTED BACK INTO THE ORIGINAL 2 UNITS WITH FOUR BEDROOM AND FOUR BATHS EACH. 5244 SF OF LIVING SPACE AND 14,148 SF LOT PER ASSESSORS.THIS GREAT PROPERTY HAS LOTS OF POTENTIAL AND SO MANY USE CODES.GREAT LOCATION CLOSE TO USC UNIVERSITY,DODGERS STADIUM,FASHION DISTRICT,LOS ANGELES DOWNTOWN,FREEWAYS AND SO MANY MORE AMENITIES.
J
Jesse Barocio
Listing Agent
Price History
Date
Event
Price
08/12/22
Sold
$1,339,000
11/13/17
Sold
$830,000
Condition Rating
Poor
Built in 1880, this property is significantly aged. While the listing describes it as an 'opportunity for investors' with 'lots of potential,' this typically implies substantial work is needed. The property analysis explicitly notes 'Advanced Age & Potential Renovation Needs' and 'significant deferred maintenance,' indicating outdated systems and the necessity for extensive renovations. The exterior images show an aged building with visible wear and tear, and a somewhat neglected appearance. With no interior images provided, especially for kitchens and bathrooms, and given the 14-bedroom, 8-bathroom configuration in such an old structure, it's highly probable these areas are severely outdated and require complete overhaul. The property requires substantial repairs and rehabilitation to meet modern standards or be comfortably livable.
Pros & Cons
Pros
Investment Potential & Flexibility: Explicitly marketed for investors, this property offers unique flexibility to be configured as a large single-unit or easily converted back into two 4-bed/4-bath units, catering to diverse investment strategies and 'so many use codes'.
Prime Urban Location: Situated in a highly desirable Los Angeles location, close to major attractions like USC University, Dodger Stadium, Fashion District, Downtown LA, and freeways, ensuring strong rental demand and potential for appreciation.
Substantial Living & Lot Size: With 5,244 sqft of living space and a generous 14,148 sqft lot, the property offers ample room for various uses, potential expansion, or outdoor amenities.
Significant Price Reduction: The current list price of $950,000 represents a substantial reduction from its original list price of $1,099,800, indicating a motivated seller and potential for a competitive acquisition.
High Bedroom/Bathroom Count: The current configuration of 14 bedrooms and 8 bathrooms, even if unusual, provides a high capacity for occupancy, which could be attractive for specific rental models (e.g., student housing, co-living) or multi-family conversion.
Cons
Advanced Age & Potential Renovation Needs: Built in 1880, the property is very old, suggesting potential for significant deferred maintenance, outdated systems, and the necessity for extensive renovations to meet modern standards or tenant expectations.
Unusual Current Configuration: The conversion into a single 14-bedroom, 8-bathroom unit is highly unconventional and limits the immediate buyer pool, potentially requiring further investment to revert to a more standard duplex or multi-family layout.
Significant Price Drop Since Last Sale: The property sold for $1.339 million in 2022 and is now listed at $950,000, representing a substantial decrease in value in a short period, which warrants thorough investigation into the reasons behind this depreciation.