Listings / 2418 FOLSOM STREET

2418 FOLSOM STREET 2418 Folsom Street, Los Angeles, CA 90033

Price $2,275,000

Cap Rate 5.46%

GRM 13.76

Price Per SF $379

Units 4

Price Per Unit $568,750

Gross Sq. Footage 6,000 SF

Year Built 2019

Status available

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PROPERTY OVERVIEW

2418 Folsom Street is a beautiful 4-unit investment opportunity in the rapidly growing neighborhood of Boyle Heights.  Constructed in 2019, Folsom Street was built to offer an investor two (2) duplexes on one lot.  These town-home style units each have four bedrooms and three bathrooms and boast high end finishes that include brand-new stainless-steel appliances, laminate floors, quartz countertops, washer and dryers, tankless water heaters, soft close cabinets, LED recessed lighting and central heat and air-conditioning.  The quality of construction has been recognized by tenants as current ownership has quickly rented units to young professionals working in proximity to Downtown Los Angeles.  Rents have grown dramatically in Boyle Heights over the last 5 years as more and more tenants flock to this beautiful Los Angeles sub-market to live close to job opportunities that are abundant at the USC Medical Center, Warner Brothers Music, Spotify and various tech companies that are leasing space in the Arts District of Downtown Los Angeles.