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2531 Folsom St
Los Angeles, CA 90033 Boyle Heights

$1,990,000 USD

Apartments For Sale  •  5,490 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,490 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 2023
  • Cap Rate 6.64 %
  • Zoning LARD1.5
69 Transit Score
90 Walk Score

Highlights

New construction fourplex in Boyle Heights built 2023. Strong unit mix comprised of (4) 3BR / 3.5BA units.
Fully occupied with market rate tenants providing strong cash flow to investors. Units average over 1,300 SF each and have in-unit W/Ds.
Separately metered for gas, electric, and water. Property is rent controlled under LA RSO.
Each unit has two parking spaces with electric gates. Very low expense load property.
Solar panels on the roof are fully paid off and lower tenant utility responsibility through a rebate program.
Near major freeway entrances providing immediate access to DTLA, East LA, and more. Close to Dodger Stadium, Crypto Arena, and LA Live.
Cap Rate: 6.64 %

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.3 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Soto (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 12 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 25 min - 17.5 mi
Los Angeles International 30 min - 18.7 mi
Long Beach (Daugherty Field) 30 min - 20.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate