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Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 1,700,000

Est. payment | -/mo

12 Beds

14 Baths

5,490 SqFt

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$ 1,700,000

Est. payment | -/mo

Save

12 Beds

14 Baths

5,490 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 5,490 sqft

Price per Sqft $309

MLS Listing ID 26640525

Bedrooms 12

HOA Y/N No

Year Built 2023

Lot Size 7,000 Sqft

Property Description

Newly built 2023 construction 4-Plex in the heart of Boyle Heights. The 5,490 SF property consists of two separate duplex structures, each with two townhome style units. Each of the four huge townhome units is comprised of 3 bedrooms and 3.5 bathrooms, and the units average 1,373 square feet each. Plus each bedroom has its own en-suite bathroom. Tenants pay for all of their own utilities with four separate gas, water & electric meters, and there are fully paid off solar panels on the roofs. Tenants also subscribe to a solar rebate program, vastly lowering their monthly utility expenses. Each of the units has been thoughtfully designed with designer finishes, high-end fixtures, LVP flooring & stainless steel appliances. Every unit also includes a laundry closet on the upstairs landing with washer/dryer hookups. There are a total of eight uncovered parking spaces, with six in the back and two in the front, providing two parking spaces for each unit. The parking areas are secured by electric gates as well. The property is currently fully occupied, and it is subject to LA City rent control under RSO. Offered at an attractive 7.54% cap rate and only $309/SF, 2531 Folsom presents an extremely attractive offering for multifamily investors looking for Day 1 cash flow from a newly built asset.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Upper Level

Exterior

Parking Features Uncovered

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5177026019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

2531 Folsom ST Los Angeles, CA 90033

Drake Cruz

Key Details

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Interior

Exterior

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2531 Folsom ST