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2221 MICHIGAN AVE LOS ANGELES, CA 90033
- Townhouse or Condo / Resale (MLS)
Property Details for 2221 MICHIGAN AVE, LOS ANGELES, CA 90033
Features
- Price/sqft: $465
- Lot Size: 6053 sq. ft.
- Total Units: 32
- Total Rooms: 2
- Room List: Bedroom 1, Bedroom 2
- Stories: 100
- Roof Type: FLAT
- Heating: 24
- Construction Type: Wood
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1926
- Property ID: 891617864
- MLS Number: 24-364103
- Parcel Number: 5183-003-012
- Property Type: Townhouse or Condo
- County: LOS ANGELES
- Legal Description: LOT ON NE LINE OF MICHIGAN AVE COM SE THEREON 2 FT FROM MOST W COR OF LOT 67 SPENCES ADD TO BOYLE HEIGHTS TH NE PARALLEL WITH NW LINE OF SD LOT 126 FT TH SE ON NE LINE OF SD LOT 42.8 FT TH NE TO BOYLE HEIGHTS
- Zoning: LAR4
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 2221 Michigan Ave presents an exceptional investment opportunity in the heart of Boyle Heights. This well-maintained two-story apartment building, built in 1926, spans 9,229 square feet and features 32 units on a 6,053-square-foot lot. The unit mix includes (24) Bachelors, (6) Studios, and (2) one bedroom + one bathroom units, catering to a diverse tenant base. With 28 UNITS CURRENTLY VACANT, investors can implement a value-add strategy to maximize the property's potential. Targeted renovations of individual units and common areas will allow the asset to command premium market rental rates, accommodating both short-term and long-term tenancy. Participating in programs like Section 8 Housing through HACLA or PATH can further enhance the property's appeal.Located in vibrant Boyle Heights, just west of downtown Los Angeles, 2221 Michigan Ave is ideally situated near renowned schools. It's just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.
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Property Brokerage:
Keller Williams Realty Studio City
12711 Ventura Blvd. Suite 110
Studio City
CA
91604
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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