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  • 2531 Folsom Street

2531 Folsom Street, Los Angeles, CA 90033

$1,700,000 Approx. USD 12 beds, 14 baths
5,490 sqft

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Photo of Nicolette Gilbert

Nicolette Gilbert REALTOR® - Sales Associate 619-755-8112 m
619-595-7020 o
Lic#: 02102274
NRDS ID: 196580428
NicolettePacho@bhhscal.com Text Me
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Lic#: 02102274
NRDS ID: 196580428
NicolettePacho@bhhscal.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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Listing Agent


Jake Glaser | jake@lyonstahl.com
Lic#: 02128816
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-494-6368

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26640525
List price is $1,700,000 Reduced by $50,000 on 6/8/2026
Price: $1,700,000
Beds: 12
Baths: 14
None fireplaces
Built in 2023
5,490 sqft
2 stories
0.16 acres
Lot size: 0.1607
County: Los Angeles
Property style: Contemporary
Zoning: LARD1.5
Parking description: Uncovered
Heating/cooling: Central Air
Heating description: Central
MLS area: BOYH - Boyle Heights

Last Updated: 6/20/2026

 Days On Market (DOM): 152

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This listing belongs to the BOYH - Boyle Heights MLS area

The style of this listing is Contemporary.
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Lat/Long: 34.047496, -118.203494.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Nicolette Gilbert

Nicolette Gilbert REALTOR® - Sales Associate 619-755-8112 m
619-595-7020 o
Lic#: 02102274
NRDS ID: 196580428
NicolettePacho@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 02102274
NRDS ID: 196580428
NicolettePacho@bhhscal.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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