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2809 Folsom Street

Los Angeles, CA 90033
  • $818,888
  • STATUS: ACTIVE
  • ON SITE: 18 Days
  • ID#: SR24064423
$818,888
  • 7
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here youll 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 propertys 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. Dont miss out on this exceptional opportunity, reach out and schedule a viewing today! Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here youll 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 propertys 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. Dont miss out on this exceptional opportunity, reach out and schedule a viewing today!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/149097692
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2809 Folsom Street Los Angeles, CA 90033

  • Price: $818,888
  • Status: ACTIVE
  • On Site: 18 Days
  • ID#: SR24064423
7
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Los Angeles (90033)
County:
Los Angeles
Area:
Los Angeles (90033)
Property Description
Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here youll 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 propertys 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. Dont miss out on this exceptional opportunity, reach out and schedule a viewing today! Introducing A prime investment opportunity in Boyle Heights! Keller Williams is proud to present to you: 2809 Folsom Street, a profitable triplex. Here youll 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 propertys 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. Dont miss out on this exceptional opportunity, reach out and schedule a viewing today!
Exterior Features

Pool N/K Site Curbs Spa N/K

Interior Features

Cooling N/K Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Annual Expense Actual 15708 Buildings 2 Cfd Mello Roos Fee 474.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 45552 Monthly Total Fees 39 Terms CashConventionalExchangeFHAVA Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1374.0 Unit2 Rent Actual 1658.0 Unit3 Rent Actual 764.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Patrick Natian of Keller Williams Encino/Sherman Oaks: 818-455-3265. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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