Sold for $1,065,000

Listed by: CK Real Estate • Esther Rosas-Castaneda • Contact: 626-465-9483

Bought with: Freemanfoxx Realty

$1,065,000

3408 Folsom St, Los Angeles, CA 90063

5beds

4baths

2,840sqft

Quadruplex

Built in 1920

-- sqft lot

$1,099,700 Zestimate^®

$375/sqft

$2,645 Estimated rent

Home value

$1,099,700

$1.01M - $1.19M

$2,645/mo

Zestimate^® history

Owner options

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$2,645/mo

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$2,645/mo

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$6,731/mo

Est. payment

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$6,731/mo

Est. payment

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What's special

Private patio

JUST REDUCED 50K! Don't miss the amazing opportunity to own a property in a hot location. Property is located close to Downtown Los Angeles and has easy access to major freeways. This flourplex allows you to live in one unit and come income from the others or to maximize it as a full investment property. Property has one of the best views in the area as it sits on the hill close to City Terrace Neighborhood. Top unit was recently remodeled and provides a panoramic view for its occupants. Both two bedroom units provide a steady stream of income. Lower unit was recently remodeled, has a private patio and with your imagination you may turn it into a hidden oasis. ADU potential, as 3 Garage building is freestanding and may be developed. There are currently two available garages that may provide additional income. Property counts with 5 parking spaces. Do not miss this opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Natural Gas, Wall Furnace

Cooling

Wall/Window Unit(s)

Appliances

Laundry: See Remarks

Features

Flooring: Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 2,840
Total interior livable area: 2,840 sqft

Property

Parking

Total spaces: 8
Parking features: Assigned
Garage spaces: 3
Uncovered spaces: 5

Features

Levels: Three Or More
Stories: 3
Entry location: 1
Pool features: None
Spa features: None
Fencing: Wood
Has view: Yes
View description: Neighborhood, Panoramic

Lot

Size: 6,752 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 5231026013
Zoning: LCR2*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Curbs, Hiking, Park, Storm Drain(s), Street Lights, Sidewalks, Urban

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $375/sqft
Tax assessed value: $1,086,300
Annual tax amount: $15,434
Date on market: 12/1/2023
Cumulative days on market: 96 days
Listing terms: Cash,Cash to New Loan,Conventional,FHA
Tenant pays: Trash Collection

Price history

Date	Event	Price
4/17/2024	Sold	$1,065,000-7.4%$375/sqft
Source: CRMLS #DW23213519 Report a problem
3/13/2024	Pending sale	$1,150,000$405/sqft
Source: CRMLS #DW23213519 Report a problem
2/23/2024	Price change	$1,150,000-4.2%$405/sqft
Source: CRMLS #DW23213519 Report a problem
12/1/2023	Listed for sale	$1,200,000+485.4%$423/sqft
Source: CRMLS #DW23213519 Report a problem
7/13/2018	Listing removed	$1,295
Source: Zillow Rental Manager Report a problem
5/3/2018	Price change	$1,295-7.5%
Source: Zillow Rental Manager Report a problem
4/19/2018	Listed for rent	$1,400-29.8%
Source: RT Electric Report a problem
3/7/2018	Listing removed	$1,995$1/sqft
Source: RT Electric Report a problem
2/24/2018	Price change	$1,995-9.1%$1/sqft
Source: RT Electric Report a problem
12/4/2017	Listed for rent	$2,195+10%$1/sqft
Source: RT Electric Report a problem
4/3/2017	Listing removed	$1,995$1/sqft
Source: RT Electric Report a problem
3/8/2017	Listed for rent	$1,995+11.1%$1/sqft
Source: RT Electric Report a problem
6/23/2015	Listing removed	$1,795$1/sqft
Source: Owner Report a problem
6/17/2015	Price change	$1,795-10%$1/sqft
Source: Owner Report a problem
5/26/2015	Listed for rent	$1,995+14%$1/sqft
Source: Owner Report a problem
3/7/2015	Listing removed	$1,750$1/sqft
Source: RT Electric Report a problem
1/26/2015	Listed for rent	$1,750$1/sqft
Source: RT Electric Report a problem
6/6/2001	Sold	$205,000-31%$72/sqft
Source: Public Record Report a problem
10/5/2000	Sold	$296,992+15.1%$105/sqft
Source: Public Record Report a problem
6/25/1998	Sold	$258,000$91/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,434 +29.5%	$1,086,300 +35.2%
2024	$11,920 +4.7%	$803,232 +2%
2023	$11,389 +4.6%	$787,493 +2%
2022	$10,888 +1.2%	$772,062 +2%
2021	$10,764 -0.7%	$756,935 +1%
2020	$10,841	$749,180 +11.2%
2019	$10,841 +17.2%	$673,500 +6.3%
2018	$9,248	$633,500 +0.1%
2017	$9,248 +0.3%	$633,000
2016	$9,224 +0.7%	$633,000 +23.9%
2015	$9,161 +23.8%	$511,000 +7.8%
2014	$7,399	$474,000 +46.3%
2011	--	$324,000 -47.2%
2010	--	$614,040 -0.2%
2009	--	$615,500 +2%
2008	--	$603,432 +2%
2007	--	$591,600 +2%
2006	--	$580,000 +170.3%
2004	--	$214,612 +1.9%
2003	--	$210,680 +2%
2002	--	$206,550 -22.9%
2000	--	$268,034