$1,065,000
$1,150,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
3408 Folsom ST Los Angeles, CA 90063
6,751 Sqft Lot
Key Details
Sold Price $1,065,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23213519
Sold Date 04/17/24
HOA Y/N No
Year Built 1920
Lot Size 6,751 Sqft
Property Description
JUST REDUCED 50K!
Don't miss the amazing opportunity to own a property in a hot location. Property is located close to Downtown Los Angeles and has easy access to major freeways. This flourplex allows you to live in one unit and come income from the others or to maximize it as a full investment property. Property has one of the best views in the area as it sits on the hill close to City Terrace Neighborhood. Top unit was recently remodeled and provides a panoramic view for its occupants. Both two bedroom units provide a steady stream of income. Lower unit was recently remodeled, has a private patio and with your imagination you may turn it into a hidden oasis. ADU potential, as 3 Garage building is freestanding and may be developed. There are currently two available garages that may provide additional income. Property counts with 5 parking spaces. Do not miss this opportunity!
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LCR2*
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Assigned
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Curbs, Hiking, Park, Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood, Panoramic
Roof Type Composition
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Faces South
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5231026013
Energy Description 484.86
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Paul Munoz • Freemanfoxx Realty