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3339 Folsom St, Los Angeles, CA 90063
$1,375,000
3339 Folsom St, Los Angeles, CA 90063View this property at 3339 Folsom St, Los Angeles, CA 90063
3339 Folsom StLos AngelesCA90063
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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.
Full Property Details
Full Property Details for 3339 Folsom St
General
- Price: $1,375,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-385715
- Updated: 5/2/2024
- Added to Site: 19 day(s) ago
Interior
- Rooms/Areas: Other
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 11
Other Rooms
- Laundry: Other
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: Other
Parking
- Garage Description: None
Location
- Area: East LA
- County: Los Angeles
- Driving Directions: On Folsom and off of N Indiana St
Heating & Cooling
- Cooling Type: Wall/Window
- Heating Type: Wall
Structural Information
- # Buildings: 5
- Architectural Style: Other
- Common Walls: Detached/No Common Walls
- Stories/Levels: 0
- Square Feet: 5,030
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1924
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.2548
- Lot Size: 11101
- Lot Size Source: Vendor Enhanced
- Zoning: LCR2*
Financial Considerations
- Price Per Sq. Ft.: $273.36
- Assessment Year: 1924
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5231-025-006
Listed by Cbre, John Boyett
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Schools
Schools serving 3339 Folsom St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3200 Malabar St, Los Angeles, CA 90063 | K-6 | 0.2 mi | |
312 N Record Ave, Los Angeles, CA 90023 | 6-8 | 0.6 mi | |
319 N Humphreys Ave, Los Angeles, CA 90022 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3339 Folsom St
Date
Details
Price
Change
Source
4/29/2024
Listed
$1,375,000
18.53%
MLS
1/20/2021
Sold
$1,160,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3339 Folsom St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,735
7%
$1,206,863
2%
2022
$16,627
38%
$1,183,200
52%
2021
$12,023
102%
$780,000
210%
2020
$5,939
2%
$251,477
2%
2019
$5,796
4%
$246,547
2%
2018
$5,548
1%
$241,714
2%
2017
$5,468
3%
$236,976
2%
2016
$5,317
1%
$232,330
2%
2015
$5,254
—
$228,841
2%
2014
$5,278
1%
$224,359
—
2013
$5,237
—
$223,346
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3339 Folsom St
3339 Folsom St, Los Angeles, CA 90063 (MLS# 24-385715) is a Multi-Family property with units containing 11 bedrooms and 0 full bathrooms. 3339 Folsom St is currently listed for $1,375,000 and was received on April 29, 2024. Want to learn more about 3339 Folsom St? Do you have questions about finding other Multi-Family real estate for sale in East Hollywood? You can browse all East Hollywood real estate or contact a Coldwell Banker agent to request more information.