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2514 Folsom Street

Los Angeles (City), CA 90033
  • $949,900
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: CV23006500
$949,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Maricela Ramirez of First Team Real Estate (909-480-3030)


Description

Excellent investor opportunity located in the Boyle Heights area of East Los Angeles. This is a two building triplex with very spacious units, the first unit 2516 features two bedrooms, one bathroom, living room with fireplace, kitchen, dining room, and two additional small bedrooms built to accommodate family, plus a small unit with two bedrooms, kitchen, bathroom, shower and laundry room with back access. The upstairs unit 2514 features 3 bedrooms, one bathroom, living room with balcony, kitchen, dining room, laundry room and breakfast nook, currently being used as pantry and storage, the back unit 2514 1/2 is a stand alone, single story unit with 3 bedrooms, one bathroom, kitchen, dining area, laundry room, front porch and front and back access. There is a patio area in between the front and back units for common use. Each unit has its own laundry room with washer and dryer hookups but some tenants are using them as storage room. This property is centrally located close to schools, medical facilities, shopping and dining, close proximity to freeways and just a quick drive to Downtown LA. Don't miss this great opportunity, come see for yourself!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/136024796
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2514 Folsom Street Los Angeles (City), CA 90033

  • Price: $949,900
  • Status: Active
  • On Site: 144 Days
  • ID#: CV23006500
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1925
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
Excellent investor opportunity located in the Boyle Heights area of East Los Angeles. This is a two building triplex with very spacious units, the first unit 2516 features two bedrooms, one bathroom, living room with fireplace, kitchen, dining room, and two additional small bedrooms built to accommodate family, plus a small unit with two bedrooms, kitchen, bathroom, shower and laundry room with back access. The upstairs unit 2514 features 3 bedrooms, one bathroom, living room with balcony, kitchen, dining room, laundry room and breakfast nook, currently being used as pantry and storage, the back unit 2514 1/2 is a stand alone, single story unit with 3 bedrooms, one bathroom, kitchen, dining area, laundry room, front porch and front and back access. There is a patio area in between the front and back units for common use. Each unit has its own laundry room with washer and dryer hookups but some tenants are using them as storage room. This property is centrally located close to schools, medical facilities, shopping and dining, close proximity to freeways and just a quick drive to Downtown LA. Don't miss this great opportunity, come see for yourself!
Exterior Features

Architectural Style Spanish Carport Spaces 0 Construction Materials Drywall Direction Faces North Fencing BrickWire Foundation Details Raised Lot Features 2-5 Units/AcreGardenNear Public Transit Number Of Separate Electric Meters 3 Open Parking Spaces 0 Parking Features On Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Appliances DisposalGas RangeWater Heater Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Door Features French Doors Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTileVinyl Heating Fireplace(S)Wall Furnace Heating YN Yes Interior Features BalconyMultiple StaircasesTile Counters Window Features French/Mullioned

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency Property Being Sold Occupied Except Unit 2516Which is The Main Unit Will Be Delivered Vacant. Property Sold in its Current As IS Condition. Current Financing Conventional Electric Standard Garage YN No Gross Income 0 Gross Scheduled Income 42600 Inclusions StoveRefrigerator And Microwave Oven At Unit 2516 Only Insurance Expense 150 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupLaundry RoomOutside Levels TwoMulti/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFha 203(K)FhaSubmit Net Operating Income 36600 New Construction YN No New Taxes Expense 852.58 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 6000 Possession Close Of Escrow Property Condition Additions/AlterationsFixer Property Sub Type Triplex Rent Control YN Yes Security Features Smoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 3550 Trash Expense 132 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 500 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Maricela Ramirez of First Team Real Estate (909-480-3030)