2430 Folsom Street, Los Angeles, CA 90033
Property · 2 recorded sales since 2018
Sold July 2022
Listing Agent: KRISTOPHER GERMAN (DRE #01800021) · Listing Office: RE/MAX 2000 REALTY · Contact: 626-956-0188 · Bought with: KRISTOPHER GERMAN · RE/MAX 2000 REALTY · MLS #CV22024936 · Source: CRMLS
About this property
Just Reduced $100,000! We are pleased to exclusively offer for sale this 9 Unit multi-family investment property in the gentrifying Boyle Heights area of the city of Los Angeles. The subject property is comprised of 1(2Bed/1Bath) unit, and an additional 8(1bed/1bath) units. Tenants enjoy on-site garage as well as gated open space parking. The property is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility and exceptional access to public transportation, restaurants, and retail. Located Minutes from USC Medical center and along the 10 freeway which serves as the major gateway to Downtown Los Angeles, this property is poised for a new investor to take advantage of prevailing market rents and drastically increase the overall cash-flow. With prevailing market rents in place, the subject property would offer a 8+% return on investment. The property offers great curb appeal and has been well maintained.
Listing description from the July 2022 sale, as reported to CRMLS.
Sale history
