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2531 Folsom Street

Los Angeles, CA 90033
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Bed 12

Bed

Bath 0

Bath

SqFt5,490

Sqft

SqFt6,998

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,700,000

AD Id : 84981104

MLS Id : 26640525

Beds : 12

Lot Size : 6,998 Sqft

Living Area Size : 5,490

Year Built : 2023

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 12

    Bathroom Information

    Total Baths: 14 Full Baths: 0 Half Baths: 0
  • Interior Features

    Fireplace: None
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 2023 Building Area Total: 5,490
  • Laundry Features

    Upper Level

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1607 Lot Size Dimensions: 50x140
  • Lot Size Source: Assessor Lot Size Square Feet: 6998

  • Listing Price Information

    Original List Price: 1,700,000 Listing Contract Date: 2026-01-20
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5177026019

  • Garage and Parking

    Garage Description: Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Postal Code Plus 4: 3021 Directions: Property is located in Boyle Heights, north of E Cesar E Chavez Ave and east of N Evergreen Ave. Zoning: LARD1.5 Source Property Type: Residential Income Area: BOYH - Boyle Heights
  • Building and Construction

    Property Age: 3 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 5490 Entry Level: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1440 Tremont, Los Angeles, CA, 90033 $1,350,000 -- -- 4,836 4,836 SqFt
1237 N Evergreen, Los Angeles, CA, 90033 $515,000 2 1 1,008 1,008 SqFt
1517 Ricardo, Los Angeles, CA, 90033 $975,000 2 1 794 794 SqFt
1034 Evergreen Avenue, Los Angeles, CA, 90033 $425,000 2 1 689 689 SqFt
2711 Wabash Avenue, Los Angeles, CA, 90033 $730,000 5 -- 1,273 1,273 SqFt
2532 1/2 Ganahl Street, Los Angeles, CA, 90033 $399,000 2 2 850 850 SqFt
2440 Wabash Avenue, Los Angeles, CA, 90033 $795,000 5 -- 2,756 2,756 SqFt
1151 1153 Cornwell Street, Los Angeles, CA, 90033 $1,170,000 -- -- 3,682 3,682 SqFt
2505 Malabar Street, Los Angeles, CA, 90033 $1,200,000 10 -- 4,974 4,974 SqFt
2447 Malabar Street, Los Angeles, CA, 90033 $1,100,000 -- -- 2,810 2,810 SqFt

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ByOwner last updated this listing 06/21/2026 @ 20:51

MLS: 26640525 LISTED BY: Jake Glaser, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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