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.
Sold for $1,290,000 on 04/03/25
$1,290,000
2522 Michigan Ave, Los Angeles, CA 90033
8beds
4baths
3,732sqft
Multi Family
Built in 1923
-- sqft lot
$1,264,100 Zestimate®
$346/sqft
$2,502 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 04, 2025 at 02:50am
Listed by:
Jonathan Weir DRE # 02038545 707-225-2402,
Marcus & Millichap 424-405-3900
Bought with:
Joseph Trujillo, DRE # 02007156
EXP REALTY OF CALIFORNIA INC.
Source: CLAW,MLS#: 25499895
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall
Cooling
- None
Appliances
- Included: Refrigerator, Range/Oven
Interior area
- Total structure area: 3,732
- Total interior livable area: 3,732 sqft
Property
Parking
- Parking features: None
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 5,466 sqft
Details
- Additional structures: None
- Parcel number: 5180007030
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & neighborhood
Location
- Region: Los Angeles
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Estimated market value
$1,264,100