27 days on rocket

2809 Folsom St, Los Angeles, CA, 90033

$818,888

Home List Price

$9,724*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2809 Folsom St, Los Angeles$818,888

Buyer Closing Credits

$9,724*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDoor-Single, Driveway, Garage
Garage1 space
Year Built1922
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNeighborhood
MLS #SR24064423
Lot Size0.13 Acres
StatusActive

About 2809 Folsom St

Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here you’ll find a rare chance to enter the thriving real estate market of Boyle Heights. Fully occupied and producing consistent income streams, this property is an ideal investment for all investors. The triplex features two units leased to Section 8 tenants, ensuring guaranteed monthly income. Two houses are 2 bedroom, 1 bath each and the detached home is a 3 bedroom, 1 bath home. Currently, the property yields a monthly gross income of $3,796, with the potential for significant growth based on investment strategies. Additionally, the property includes a rear garage, offering the opportunity to convert it into an ADU (Accessory Dwelling Unit). This conversion could elevate the property’s income potential, transforming it into a Fourplex. With LARD1.5 Zoning, there are further possibilities for expansion and enhancement of the property. This investment is strategically positioned for future growth and development. Whether you seek to expand your real estate portfolio or secure passive income, 2809 Folsom Street offers stability and investment returns. Don’t miss out on this exceptional opportunity, reach out and schedule a viewing today!

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1

Listing Office:

  • Office Name: Keller Williams Encino/Sherman Oaks
  • Office Phone: (818) 475-3575
  • Listing Agent: Patrick Natian

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Refrigerator
  • Flooring Type: Tile
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 1 space
  • Parking: Door-Single, Driveway, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • School of Communications, New Media and Technology at Roosevelt High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Belvedere Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Malabar Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Right Turn on Evergreen, Left turn on Folsom

Price Information

Listing Price Info

Price Summary:

  • List Price: $818,888

Tax Information:

  • Annual Amount: $8,369
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2809 Folsom St vs Los Angeles

27 DAYS ON ROCKET

-7 Days

$818,888

-$157K Less

KEY TAKEAWAY

This property is $157K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24064423

Listing Office:

  • Office Name: Keller Williams Encino/Sherman Oaks
  • Office Phone: (818) 475-3575
  • Listing Agent: Patrick Natian

IDX 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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 1:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 22, 2016Home Sold
$475,000
Sep 30, 2002Home Sold
$224,000
Mar 06, 1997Home Sold
$120,000
Feb 14, 1991Home Sold
$227,000
Mar 22, 1989Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,369$673,990
2020$8,123$667,080
2019$6,237$654,000
2018$6,103$494,190
2017$6,103$484,500

History based on county public records data.

Payment Calculator

$4,155

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,522

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3137883
5
/10

  • Malabar Street Elementary School

  • 3200 Malabar St

  • 0.36 miles

  • Public District Grades KG-6

school-card-donut-3137884
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.72 miles

  • Public Magnet Grades KG-6

school-card-donut-3137885
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.48 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3137886
5
/10

  • Belvedere Middle School

  • 312 N Record Ave

  • 1.23 miles

  • Public Magnet Grades 6-8

school-card-donut-3137887
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.56 miles

  • Public District Grades 6-8

High School

school-card-donut-3137888
2
/10

  • School of Communications, New Media and Technology at Roosevelt High School

  • 456 S Mathews St

  • 0.87 miles

  • Public District Grades 9-12

school-card-donut-3137889
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 0.87 miles

  • Public Magnet Grades 9-12

school-card-donut-3137890
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.96 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,446. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in married, with kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90033›2809 Folsom St

This home is located at 2809 Folsom St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This home, which was built in 1922, sits on a 0.13 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $818,888.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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