Gentrifying location in arguably the best part of Boyle Heights, Excellent Unit Mix, Laundry Onsite, Parking Onsite. Ideal for Investment - 5.5% Cap Rate! 7.2% Proforma Cap Rate! 10.2% cash on cash return with an I/O loan at 3.5% interest rate. Also ideal for Owner-User - the 3 br/2 bath unit can be delivered vacant! Eligible for 30-year fixed FHA financing!, **2 of the units built ~2012 not subject to rent increase limitations. Minimal Expense Property!
Sold for $1,190,000 on 03/26/24
$1,190,000
2014 Michigan Ave, Los Angeles, CA 90033
7beds
5baths
3,643sqft
MultiFamily
Built in 2012
-- sqft lot
$1,169,900 Zestimate®
$327/sqft
$3,244 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Forced air, Other
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 3,643 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off-street
Lot
- Size: 7,413 sqft
Details
- Additional structures: Other
- Parcel number: 5183007026
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 2012
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- Equipment: Other
- Cooling: Other
- SourceLotSizeArea: Vendor Enhanced
- Heating: Other
- SourceLivingArea: Other
- ParkingGarage: Other
- ListingArea: Boyle Heights
- ListingStatus: Pending
- UnitTypeType: 2106, 2107, 2108, 2109
- OtherStructures: Other
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Estimated market value
$1,169,900