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$1,375,000
11 bed
5,030 Sqft
11,101 Sqft lot

3339 Folsom Street, Los Angeles, California 90063

  • Residential Income Property Type
  • 16 Days Time on market
  • $273 Price per sqft
  • 1924 Year Built
Property Description

CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property nestled in a small pocket next to Boyle Heights also has the potential to add an ADU with preliminary plans already in place(Buyer to Verify). There is also 50% upside potential with the current rents in place. The property boasts favorable CapEx improvements such as new roofs, gutters, repiping to copper, and new sewer lines. With both 50% upside in rental potential as well as preliminary plans for ADU in place, there is tons of upside for a potential buyer.

Basic Details
Residential Income
Buy
24385715
$1,375,000
11
5,030 Sqft
1924
11,101 Sqft
Active
Condos/Co-ops
Features
: Wall Furnace
: Wall/window Unit(s)
: Other
0
$0
Address
CA
Los Angeles
Los Angeles
90063
3339 Folsom Street
3339
Street
0
W119° 48' 31.4''
N34° 2' 37.8''
Additional Information
16
1
0
6
: Multi/split
1
: See Remarks
5,030 Sqft
0 Sqft
0 Sqft
0.25 Sqft
11,101 Sqft
1
: No Common Walls
0 Sqft
LCR2*
5231025006
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
02/05/2024 11:41:57
$0
: Standard
On Folsom and off of N Indiana St
CBRE
John Boyett
CLW-X7429504
CLW-C141733
$0
1
1
0
0
1
5
6
1
110556
US-06037-N-5231025006-R-N
02/05/2024 20:48:02
Folsom
ELA - East Los Angeles
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