3724 Folsom St, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 2 bath
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Los Angeles, California 90063
This Versatile Hillside Residence is listed at $660,000, aligning with its $658,538 Fair Market Value for a stable market entry. Carrying a Condition Rating of 4, the 1924-built home features a flexible layout with a finished lower level, separate entrance, and private patio, ideal for creative living or supplemental income. Residents will enjoy Scenic Hillside Views and proximity to Downtown Los Angeles within the Los Angeles Unified district. This property is a strategic acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a multi-functional asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3724 Folsom St Subject | $660,000* List Price | 3 | 2 | 1,200 | $549 | - |
A 3365 City Terrace Sold | $550,000 | 3 | 2 | 1,350 | $407 | 0.5 mi |
B 3319 Blanchard Pending | $470,000 List Price | 2 | 1 | 1,034 | $455 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this century-old home shows signs of age and lacks evidence of a recent comprehensive renovation. While the exterior appears maintained with updated vinyl windows, the description's focus on 'potential for future improvements' and 'flexible layout' rather than modern finishes suggests the kitchen, baths, and systems are likely dated (>20 years) and require cosmetic or minor functional updates.
The property features a finished lower level with a separate entrance, offering excellent potential for multi-generational living, a private home office, or guest quarters.
Situated in the hillside community of City Terrace, the home provides convenient access to Downtown Los Angeles, Cal State LA, and major freeways, making it ideal for urban commuters.
The elevated position of the home provides desirable views of the city lights and surrounding hills, significantly enhancing the property's overall appeal and atmosphere.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3090, other record lot size in square feet = 2867. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 600. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
Built in 1924, the property may require significant maintenance or modern upgrades to its aging infrastructure and systems to meet current building standards.
The hillside location and modest 3,090 sqft lot size may present challenges for future expansion or landscaping, potentially leading to higher development costs.
Welcome to 3724 Folsom St, a unique property located in the hillside community of City Terrace in East Los Angeles. This home offers a flexible layout with multiple living areas, making it a great opportunity for buyers looking for additional space or creative living arrangements. The main level offers comfortable living space with natural light and a functional layout ideal for everyday living. The property also features a finished lower-level area with a separate entrance, providing additional space that can be used for extended living, a guest area, home office, or other possibilities. This layout creates an opportunity for buyers who may be looking for extra privacy or separate living areas within the same property. The property sits on a generous lot that includes additional land, providing outdoor space and potential for future improvements (buyer to verify possibilities with county). Conveniently located near Downtown Los Angeles, Cal State LA, major freeways, public transportation, parks, and local dining, this home offers both accessibility and opportunity. Whether you're looking for a home with flexible space or a property with future potential, 3724 Folsom St offers a rare opportunity in the City Terrace / East Los Angeles area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,178 | 52% |
| Lot Size | 3,090 | 4,836 | 11% |
| Price | $660.0K | $670.0K | 50% |
| Price per sq ft | $550 | $597 | 39% |
| Built year | 1924 | 1925 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 171 | 5% |
Apr 29, 2026
$660,000
Initial Listing
Oct 21, 2015
$270,000
Public Record
Jun 25, 2010
$180,000
Public Record
Sep 23, 2009
$86,500
Public Record
Sep 4, 2007
$420,000
Public Record
Mar 30, 2007
$435,000
Public Record