2531 Folsom Street, Los Angeles, CA 90033
Local realty services provided by:ERA North Orange County Real Estate
2531 Folsom Street,Los Angeles, CA 90033
$1,990,000
- 12 Beds
- 14 Baths
- 5,490 sq. ft.
- Multi-family
- Active
Listed by: jake glaser, spencer chan
Office: lyon stahl investment real estate, inc.
MLS#:26640525
Source:CRMLS
Price summary
- Price:$1,990,000
- Price per sq. ft.:$362.48
About this home
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 6.64% cap rate and only $362/SF, 2531 Folsom presents an extremely attractive offering for multifamily investors looking for Day 1 cash flow from a newly built asset.
Contact an agent
Home facts
- Year built:2023
- Listing ID #:26640525
- Added:911 day(s) ago
- Updated:February 10, 2026 at 04:13 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:14
- Living area:5,490 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
Structure and exterior
- Year built:2023
- Building area:5,490 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,990,000
- Price per sq. ft.:$362.48
New listings near 2531 Folsom Street
- New
$2,675,000Active3 beds 4 baths2,474 sq. ft.6645 Esplanade, Playa Del Rey, CA 90293
MLS# 26651159Listed by: HURWITZ JAMES COMPANY - New
$1,199,000Active-- beds -- baths4,920 sq. ft.4291 Garthwaite, Los Angeles, CA 90008
MLS# GD26034261Listed by: ENGEL & VOLKERS LA CANADA - Open Sun, 12 to 1:30pmNew
$1,100,000Active2 beds 3 baths2,319 sq. ft.800 W 1st #3203, Los Angeles, CA 90012
MLS# GD26034353Listed by: HARCOURTS CORNERSTONE REALTY GROUP - New
$1,200,000Active6 beds 6 baths7319 S Normandie, Los Angeles, CA 90044
MLS# SR26034334Listed by: PINNACLE ESTATE PROPERTIES, INC. - Open Sun, 1 to 3pmNew
$1,499,888Active7 beds 5 baths1,308 sq. ft.22942 Crespi Street, WOODLAND HILLS, CA 91364
MLS# 82035066Listed by: REAL ESTATE SOURCE, INC. - Open Sun, 12 to 1:30pmNew
$1,100,000Active2 beds 3 baths2,319 sq. ft.800 1st #3203, Los Angeles, CA 90012
MLS# GD26034353Listed by: HARCOURTS CORNERSTONE REALTY GROUP - New
$999,000Active3 beds 3 baths1,977 sq. ft.8009 Lena Ave, West Hills, CA 91304
MLS# SR26018526Listed by: PINNACLE ESTATE PROPERTIES, INC. - New
$2,300,000Active3 beds 4 baths3,207 sq. ft.5801 Kiyot Way #7, PLAYA VISTA, CA 90094
MLS# SR26033004Listed by: WEICHERT, REALTORS-ALL STARS - New
$950,000Active5 beds 2 baths1,520 sq. ft.13105 Desmond, Pacoima, CA 91331
MLS# SR26034223Listed by: KELLER WILLIAMS ENCINO/SHERMAN OAKS - New
$975,000Active-- beds -- baths1,469 sq. ft.917 W 50th, Los Angeles, CA 90037
MLS# SB26030174Listed by: THE REALESTATE GROUP