2221 Michigan Avenue, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90033
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- MLS® #:
- 24364103
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- Bedrooms:
- 1
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- Bathrooms:
- 3
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- Square Ft:
- 9,229
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- Lot Size:
- 0.14
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- Levels:
- Two
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 8th, 2024 at 6:31pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.