James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 8
Residential IncomeFor Sale
$799,000
2809 Folsom Street
Los Angeles, CA 90033
Listing Office: Home Team Realty
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$4,224/mo

*** PRIME INVESTMENT OPPORTUNITY IN BOYLE HEIGHTS *** Located near Downtown Los Angeles in the vibrant Boyle Heights neighborhood, this freshly painted triplex features two buildings on a spacious lot with RD1.5 zoning, offering exceptional potential for investors or homeowners. The front duplex includes two units, each with 2 bedrooms and 1 bathroom. The back single-family home features 3 bedrooms, 1 bathroom, a private backyard, and a garage with the potential to be converted into an ADU. 1 front unit and back single-family home are both currently occupied by Section 8 tenants. A long driveway offers ample multi-vehicle parking, adding to the property's convenience and functionality. Conveniently located near major freeways, public transportation, and shopping, this property offers both comfort and accessibility. With rents currently below market, this property presents significant upside for increased income or redevelopment. It's ideal location and flexible possibilities make it a standout opportunity in one of LA’s most dynamic areas. Don't miss the chance to unlock the potential of this versatile property! Buyer to assist with 1031 Exchange. Drive by only, subject to offer. Property to be delivered with all tenants occupied.

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Information courtesy of Home Team Realty is subject to verification and is not guaranteed.
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