Los Angeles, CA 90033,2531 Folsom St
Los Angeles, CA 90033,2531 Folsom St
Los Angeles, CA 90033,2531 Folsom St
17
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$2,118,000
Est. payment /mo
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12 Beds
14 Baths
5,490 SqFt
New

2531 Folsom St Los Angeles, CA 90033

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Carol Enriquez

Carol Enriquez

+1(702) 767-5591

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,490 sqft

Price per Sqft $385

MLS Listing ID 26640525

Style Contemporary

Bedrooms 12

Year Built 2023

Lot Size 6,998 Sqft

Acres 0.1607

Property Sub-Type Multi-Family

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 6.16% cap rate and only $385/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 Boyle Heights

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Fireplaces Type None

Equipment None

Laundry In Unit, On Upper Level

Exterior

Parking Features Uncovered

Garage Spaces 8.0

Building

Story 2

Architectural Style Contemporary

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Carol Enriquez

Carol Enriquez

Agent | RE.S.0177023

+1(702) 767-5591

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2531 Folsom St