3335 Folsom Street, Los Angeles, California 90063, Los Angeles, 90063 - 14 bed, 4 bath
ACTIVE$1,800,000$5,244/sqft
3335 Folsom Street, Los Angeles, California 90063
14Beds
4Baths
5,244Sqft
14,148Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Opportunity: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' and classified as 'Residential Income,' this property offers significant potential for rental income, especially with its large size and multi-unit conversion capability.
Top Cons:
Advanced Age and Condition: Built in 1880, the property is very old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC), deferred maintenance, and the need for extensive renovations to meet modern standards and codes.
Compared to the nearby listings
Price:$1.80M vs avg $777.5K (+$1,022,500)96%
Size:5,244 sqft vs avg 2,055 sqft96%
Price/sqft:$343 vs avg $34850%
More Insights
Built in 1880 (146 years old).
Condition: Built in 1880, this property is extremely old with no indication of recent major renovations. The listing analysis explicitly notes 'Advanced Age and Condition,' 'outdated systems (plumbing, electrical, HVAC),' and 'deferred maintenance,' requiring 'extensive renovations' and 'significant financial investment.' The current 14-bedroom, 4-bathroom configuration is highly atypical and would necessitate costly reconfiguration. While the structure may have potential for renovation, its current state suggests substantial repairs and rehabilitation are needed across all major components, including kitchens and bathrooms, which are undoubtedly outdated and likely non-functional by modern standards.
Year Built
1880
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
DW26005109
Home ConditionPoor
Features
ViewNeighborhood
About this home
GREAT INVESTMENT OPPORTUNITY...LOCATION,LOCATION..THIS PROPERTY WAS A DUPLEX AND CONVERTED INTO A ONE SINGLE UNIT....THIS SPACIOUS PROPERTY FEATURES 14 BEDROOMS AND 4 FULL BATHROOMS PER ASSESORS.THAT EASILY CAN BE CONVERTED INTO THE ORIGINAL 2 UNITS WITH 7 BEDROOMS AND 2 BATHDROOMS EACH... PER ASSESORS 5,244 SQFT OF LIVING SPACE AND 14,148 SQFT LOT...THIS GREEAT PROPERTY HAS LOTS OF POTENTIAL AN SO MANY USES CODES.GRETA LOCATION, CLOSE TO USC UNIVERSITY,DODGERS STADIUM,FASHION DISTRICT,LOS ANGELES DOWNTOWN,FREEWAYS AND MUCH MORE
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 extremely old with no indication of recent major renovations. The listing analysis explicitly notes 'Advanced Age and Condition,' 'outdated systems (plumbing, electrical, HVAC),' and 'deferred maintenance,' requiring 'extensive renovations' and 'significant financial investment.' The current 14-bedroom, 4-bathroom configuration is highly atypical and would necessitate costly reconfiguration. While the structure may have potential for renovation, its current state suggests substantial repairs and rehabilitation are needed across all major components, including kitchens and bathrooms, which are undoubtedly outdated and likely non-functional by modern standards.
Pros & Cons
Pros
Prime Investment Opportunity: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' and classified as 'Residential Income,' this property offers significant potential for rental income, especially with its large size and multi-unit conversion capability.
Exceptional Location: Boasting a 'GRETA LOCATION' close to USC University, Dodgers Stadium, Fashion District, Downtown Los Angeles, and major freeways, ensuring high demand for rentals and strong potential for appreciation.
Versatile Conversion Potential: Originally a duplex and 'EASILY CAN BE CONVERTED INTO THE ORIGINAL 2 UNITS' (7 bedrooms and 2 bathrooms each), offering flexibility for various investment strategies, including multi-family rentals or owner-occupancy with income.
Generous Living Space: With 5,244 sqft of living space, the property provides ample room, whether configured as a single large residence or two spacious units, appealing to a wide range of potential tenants or buyers.
Large Lot Size: The substantial 14,148 sqft lot offers valuable outdoor space and potential for future expansion, additional dwelling units (ADUs), or enhanced landscaping, adding significant value in a dense urban area.
Cons
Advanced Age and Condition: Built in 1880, the property is very old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC), deferred maintenance, and the need for extensive renovations to meet modern standards and codes.
Unusual Current Configuration: Currently described as a single unit with 14 bedrooms and 4 bathrooms, this highly atypical layout is impractical for most traditional single-family buyers and may require immediate, costly reconfiguration to appeal to a broader market.
Significant Renovation Investment Required: While offering conversion potential, transforming the property back into a functional duplex or extensively updating an 1880 structure will necessitate substantial financial investment, time, and navigating complex permitting processes.