3724 Folsom St, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath

3724 Folsom St, Los Angeles, California 90063 home-pic-0
ACTIVE$750,000
3724 Folsom St, Los Angeles, California 90063
2Beds
1Bath
600Sqft
3,090Lot

Price Vs. Estimate

The estimated value ($681,385.33) is $68,614.67 (9%) lower than the list price ($750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: The property boasts an unbeatable location, just minutes from Downtown LA, Cal State LA, and major freeways, offering excellent connectivity and convenience.
Top Cons:
Unpermitted Structures: The second bedroom upstairs and the entire downstairs unit are unpermitted, which poses legal risks, potential fines, and complications for financing or future resale.

Compared to the nearby listings

Price:$750.0K vs avg $689.0K (+$61,000)71%
Size:600 sqft vs avg 1,014 sqft2%
Price/sqft:$1.2K vs avg $60198%

More Insights

Built in 1924 (101 years old).
Condition: While the property was built in 1924, the upstairs unit has undergone a significant and recent renovation, featuring a modern kitchen with dark shaker cabinets, granite countertops, subway tile backsplash, and recessed lighting, along with a contemporary bathroom, new light-colored laminate flooring, and fresh paint. The downstairs unit, while clean and functional, presents an older style kitchen with white appliances and laminate countertops, and a more basic bathroom. The overall condition is move-in ready, with the main living area being extensively updated, aligning with the 'Good' score criteria for a property extensively renovated within 5 to 15 years, despite the original build year.
Year Built
1924
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$1,250
HOA
-
Days on market
-
Sold On
-
MLS number
GD25220644
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 3724, a beautifully remodeled powerhouse in one of East LA’s last affordable and fastest-growing neighborhoods. This vibrant community is exploding with energy as homeowners and investors transform the area into one of Los Angeles’ hottest, most desirable spots. Just minutes from Downtown LA, Cal State LA, and major freeways, this is a rare chance to own a home with unbeatable location, incredible value, and massive upside. The unique layout features two bedrooms, one bathroom, a kitchen, and living area upstairs, while the downstairs offers a bonus room , full kitchen, and bathroom—ideal for multigenerational living or rental income. The upstairs and downstairs units are completely separate with no internal connection, maximizing privacy and flexibility. Important: the second bedroom upstairs and the downstairs unit are unpermitted, and the home is officially listed as a 1 bed / 1 bath on tax records (buyer to verify permits and zoning). The showstopper? A huge backyard with massive potential to build additional units, expand the home, or create your own outdoor sanctuary—a rare find in East LA. With neighbors upgrading and the neighborhood bursting with momentum, 3724 is your chance to own a piece of a booming, future-forward community. Buyers must conduct their own due diligence regarding zoning, permits, inspections, and surveys. Don’t wait—contact me today for your private tour and seize this epic opportunity!

Price History

Date
Event
Price
10/21/15
Sold
$270,000
06/25/10
Sold
$180,000
09/23/09
Sold
$86,500
09/04/07
Sold
$420,000
03/30/07
Sold
$435,000
Condition Rating
Good

While the property was built in 1924, the upstairs unit has undergone a significant and recent renovation, featuring a modern kitchen with dark shaker cabinets, granite countertops, subway tile backsplash, and recessed lighting, along with a contemporary bathroom, new light-colored laminate flooring, and fresh paint. The downstairs unit, while clean and functional, presents an older style kitchen with white appliances and laminate countertops, and a more basic bathroom. The overall condition is move-in ready, with the main living area being extensively updated, aligning with the 'Good' score criteria for a property extensively renovated within 5 to 15 years, despite the original build year.
Pros & Cons

Pros

Prime Location & Accessibility: The property boasts an unbeatable location, just minutes from Downtown LA, Cal State LA, and major freeways, offering excellent connectivity and convenience.
High Growth Neighborhood: Situated in one of East LA’s last affordable and fastest-growing neighborhoods, the area is experiencing significant energy and investment, promising massive upside potential.
Income/Multigenerational Living Potential: The unique layout with completely separate upstairs and downstairs units (each with a kitchen and bathroom) is ideal for rental income or flexible multigenerational living.
Significant Development Potential: A huge backyard offers rare and massive potential to build additional units (ADUs), expand the existing home, or create a custom outdoor sanctuary.
Recently Remodeled: Described as a 'beautifully remodeled powerhouse,' suggesting updated aesthetics and improved functionality throughout the property.

Cons

Unpermitted Structures: The second bedroom upstairs and the entire downstairs unit are unpermitted, which poses legal risks, potential fines, and complications for financing or future resale.
Discrepancy in Official Records: The home is officially listed as a 1 bed / 1 bath on tax records, despite having more functional rooms, which can impact appraisal, financing, and property valuation.
Extensive Buyer Due Diligence Required: The listing explicitly emphasizes that buyers must conduct their own due diligence regarding zoning, permits, inspections, and surveys, indicating potential complexities and unforeseen costs.

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