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3313 Folsom Street

Los Angeles (City), CA 90063
  • $1,670,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: WS24016709
UPDATED: 45 min ago
$1,670,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Listing Agent(s): Richard Tamayo of TAMAYO & ASSOC. R.E. (888-490-1444)


Description

"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 situated 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 all. What if I can tell you that the seller is willing to carry with great 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T14:28:41.297. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147191147
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3313 Folsom Street Los Angeles (City), CA 90063

  • Price: $1,670,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 45 min ago
  • ID#: WS24016709
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1910
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
"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 situated 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 all. What if I can tell you that the seller is willing to carry with great 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.
Exterior Features

Entry Level 0 Entry Location 0 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Features On Site Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Fireplace Features None Fireplace YN No Heating Floor Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features CurbsMountainousStorm Drain(s)Street LightsSidewalks Current Financing Private Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 110268 Gross Scheduled Income 110268 Insurance Expense 0 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New LoanConventionalOwner May Carry Net Operating Income 22000 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 0 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasParking Fee Total Actual Rent 110268 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailableSewer Connected Water Sewer Expense 0 Water Source Public Zoning LCR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T14:28:41.297. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Richard Tamayo of TAMAYO & ASSOC. R.E. (888-490-1444)