*ASSUMABLE 2.7% INTEREST RATE FOR VA BUYERS, 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.)
Listed by JUSTIN CHU
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License #01900624
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CIRCA PROPERTIES, INC.
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626-321-3211
Last updated October 20, 2025
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Source: CRMLS #WS25234345
Listing Facts
TypeMulti-family
NeighborhoodBoyle Heights
Days on Prevu15
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/22/2025
Price Decreased
$1,188,800
10/07/2025
Listed by CIRCA PROPERTIES, INC.
$1,218,800
Property Details for 2719 Folsom
Association
Amenities
Community Features: Sidewalks, Urban
Exterior
Construction
Number Of Units Total: 4
Stories: 1
Stories Total: 1
Year Built: 1924
Common Walls: No Common Walls
Entry Level: 1
Entry Location: East
Measurements
Building Area Total: 3,048
Building Area Units: Square Feet
Lot Features: 2-5 Units/Acre
Lot Size Acres: 0.13
Lot Size Area: 5,851
Lot Size Source: Assessor
Lot Size Square Feet: 5,851
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.6
Gross Income: $79,946.00
Operating Expense: $21,483.00
Taxes
Parcel Number: 5177030005
Other
Location
Tax Block: N
Tax Lot: 5
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.