$1,290,000
- Beds
- 8
- sq ft
- 3,732
2522 Michigan Ave, Los Angeles, CA 90033
2522 Michigan Ave
Los Angeles, CA 90033
- 5 days on market
We are pleased to present our newest exclusive listing in Boyle Heights (Los Angeles). The property comes with RTI plans to build (2) three-bedroom, two-bathroom ADUs in the rear of the property. The ownership has renovated all the units with new flooring, kitchens, and bathrooms, and each includes an in-unit washer/dryer. Additionally, the building has new vinyl windows. The property is leased to Section 8 tenants and provides strong income for an investor. Once the ADUs are built, the property would operate at a 13.49% CAP RATE and add tremendous value to the property.
Details
Property type
Lot size
5,466 sq ft
Price per sq ft
$346
Year built
1923
HOA
No
Price History
02/14/2025
CLAW #25499895
Listed
$1,290,000
-13.42%
09/26/2024
CLAW #24440061
Removed
$1,490,000
09/16/2024
CLAW #24440061
Listed
$1,490,000
+496%
Schools & Community
Neighborhood:
Boyle Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 02/23/2025 at 6:40 AM
Listing updated: 02/22/2025 at 5:30 AM
Listed by: Jonathan Weir, Marcus & Millichap Phone #: (424) 405-3900
MLS: CLAW #25499895
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