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$1,670,000   Price Analysis
Agent Details  share icon     map icon  QR
3313 Folsom St
Los Angeles, CA 90063
12 bed 8 bath unknown SqFt ($0/SqFt)
0.26 acre lot. Built 1910
Listed 2024-02-01, Taxes $6,206
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Investor Dream Nothing but money!

5 units that feature (Two) 2 bedroom 2-bath (One) 2 bedroom 1- Bath (One) 3-bedroom 2- bath and (One) 3 bedroom 1-bath. This unique property is situted on a 11, 000+ square foot Lot and has two separate addresses, (5) separate gas meters, (5) separate electric meters and 2 water meters (Note: Possible SB9 Opportunity).

If you are looking for positive cash flow, this is it. But that's not a ll. What if I can tell you that the seller is willing to carry with extraordinary terms for the buyer, if an offer comes in that is acceptable to the seller, yes sir, Seller may carry on this one. Property has low vacancy and cash flow rents with great upside on this unique investment property in the up-and-coming Boyle Heights Neiborhood.


Presented by RICHARD TAMAYO at
TAMAYO & ASSOC. R.E.


Property MLS #WS24016709 from CRMLS

Bedrooms: 12

Full Bathrooms: 8

Heating Features: Floor Furnace
Heating: Yes

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.2639
Lot Size Source: Assessor
Lot Size Square Feet: 11494

Parking Features: Parking YN: Yes, Parking Features: On Site

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 5
Tenant Pays: Electricity, Gas, Parking Fee
Rent Control: Yes

Community Features: Curbs, Mountainous, Sidewalks, Storm Drains, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 2
Parcel Number: 5231025012
Postal Code Plus 4: 2100
Zoning: LCR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$129,389 + $194,089
$323,478
$6,206
2021$126,852 + $190,284
$317,136
$6,175
2020$125,552 + $188,333
$313,885
$6,152
2019$123,091 + $184,641
$307,732
$5,981
2018$120,678 + $181,021
$301,699
$5,771
2017$118,312 + $177,472
$295,784
$5,679
2016$115,993 + $173,993
$289,986
$5,535
2015$114,251 + $171,380
$285,631
$5,464
2014$112,013 + $168,023
$280,036
$5,483
2013$111,507 + $167,264
$278,771
$5,448
2012$109,321 + $163,985
$273,306
$5,458
2010$107,178 + $160,770
$267,948
$5,537
2009$106,630 + $159,949
$266,579
$5,354
2009$106,377 + $159,569
$265,946
$5,354
2008$104,540 + $156,813
$261,353
$5,174
2007$102,491 + $153,739
$256,230
$4,806

Listed 2024-02-01
$1,670,000
CRMLS
Sold 1984-12-12
$140,000
Public Record

Net Operating Income: 22000.00

Total Square Feet Living: 5
Year Built: 1910
Building Features: 5
Common Walls: No Common Walls
Property Age: 114
Property Condition: Repairs Cosmetic
Levels or Stories: One
Building Total Stories: 1
Structure Type: Apartment
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Available
Natural Gas Available
Sewer Connected
Water Source: Public

Malabar Street Elementary School is a public elementary school located approximately 0.1 miles away.
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Belvedere Middle School is a public middle school located approximately 0.6 miles away.
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Hilda L. Solis Learning Academy School Of Technology, Business And Education is a public high school located approximately 1.2 miles away.
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Assumption Elementary School is a private elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.