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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,248,800

Est. payment - /mo

5,850 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25199372

HOA Y/N No

Year Built 1924

Lot Size 5,850 Sqft

Property Sub-Type Quadruplex

Property Description

2719-2721 Folsom Street, Los Angeles (Tenant Occupied 4plex)

This premium multi-unit investment in the revitalizing East LA neighborhood offers immediate passive income with significant upside potential. Spanning approximately 3,048 sq ft, this well-maintained, four-unit property, built in 1924, is primed for strong returns.
Stable Cash Flow: Currently delivering a 0.9% CoC, with a clear path to 5% through market-driven rental adjustments.
Recent Upgrades: New roof (2024), remodeled bathroom in unit 2721.5 (2025), full remodel of unit 2719.5 (2021), and newer exterior paint reduces near-term capex risk.
Flexible Leases: Month-to-month agreements allow quick alignment with market rents, maximizing income potential.
Prime Location: Situated in a dynamic, up-and-coming neighborhood, this asset is well-positioned for long-term appreciation.
Seize this opportunity to invest in a turnkey property with both stability and growth potential!

PLEASE DO NOT DISTURB OCCUPANTS!

Broker does not guarantee the accuracy of the information provided, including lot size, lot acreage, lot dimensions, square footage measurements, and/or permissibility to build. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits, and/or with appropriate professionals (i.e., attorney, appraiser, architect, contractor, surveyor, etc.)

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR2

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5177030005

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by JUSTIN CHU CIRCA PROPERTIES, INC. 626-321-3211

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2719 Folsom ST Los Angeles, CA 90033