2520 Folsom Street

    Los Angeles (City), CA 90033
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • ID#: 20578298
    Under Contract
    $1,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    First time on the market in over 25 years, this well maintained and managed 8 unit building is located in a prime Boyle Heights neighborhood. Walking distance all the best that Boyle Heights has to offer on Cesar Chavez Ave., full of shops, restaurants and entertainment venues. Very low operating expenses, landlord only pays cold water and trash. Possible to make an owner user situation, 2 buildings that total 8 units with a grassy courtyard area between. Potential to add laundry room. Mostly long term tenants. Tons of upside in the rents. Great location for affordable/work-force housing, minutes from USC Medical Center. Close to the 10, 5, 710 and 60 Freeways make commuting to Downtown LA and all other areas of Los Angeles quick and easy.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T00:25:50.923. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/105937417

    2520 Folsom Street Los Angeles (City), CA 90033

    • Price: $1,100,000
    • Status: Active Under Contract
    • ID#: 20578298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1956
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    First time on the market in over 25 years, this well maintained and managed 8 unit building is located in a prime Boyle Heights neighborhood. Walking distance all the best that Boyle Heights has to offer on Cesar Chavez Ave., full of shops, restaurants and entertainment venues. Very low operating expenses, landlord only pays cold water and trash. Possible to make an owner user situation, 2 buildings that total 8 units with a grassy courtyard area between. Potential to add laundry room. Mostly long term tenants. Tons of upside in the rents. Great location for affordable/work-force housing, minutes from USC Medical Center. Close to the 10, 5, 710 and 60 Freeways make commuting to Downtown LA and all other areas of Los Angeles quick and easy.
    Exterior Features

    Lot Size Units Square Feet Parking Features DrivewayGatedUncovered Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Gross Income 72252.00 Gross Multiplier 15.22 Gross Operating Income 70807.00 Net Operating Income 36577.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 34230.00 Zoning Lar3

    Listing provided courtesy of Christopher Marsocci of Goldcoast Commercial Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T00:25:50.923. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

     
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