$1,490,000
- Beds
- 6
- sq ft
- 3,732
2522 Michigan Ave, Los Angeles, CA 90033
2522 Michigan Ave
Los Angeles, CA 90033
- 3 days on market
Perfect starter fourplex in the hot Boyle Heights submarket of LA! Actual 6.4% Cap with upside to 12.89%!! The unit mix consists of two 2+1 units and two 1+1 (with den) units. The investment consists of approximately 3,732 of rentable square feet and is situated on an approximately 5,464 square foot parcel. All units have been completely remodeled and are rented to 100% section 8 tenants. The owner also has approved RTI plans to build 2 new construction 3+2 ADUs (approx 800 sq ft each) in the back of the property. Each unit includes an in-unit washer & dryer and all of the units have been renovated. The property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance.
Details
Property type
Lot size
5,464 sq ft
Price per sq ft
$400
Year built
1923
HOA
No
Price History
09/16/2024
CLAW #24440061
Listed
$1,490,000
+496%
06/19/2017
CRMLS #PW16704615
Sold
$250,000
Schools & Community
Neighborhood:
Boyle Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 7:55 PM
Listing updated: 09/16/2024 at 3:19 PM
Listed by: John Katnik, BRC Advisors- BH
MLS: CLAW #24440061
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