logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
Street View
icon icon
20 Photos
icon
icon icon
2221 Michigan Avenue #M
USD 4,300,000
Property ID: 24364103
icon
2221 Michigan Avenue #M ,90033
icon --
icon 6181 SqFt
icon Built in 1926
icon USD 696/SqFt
icon 2 Beds
icon 32 Full
icon --
icon --
icon
icon
icon
Location Street View
icon
icon Direction
Interior Details
Bedrooms
2
Bathrooms
32
Interior Size
9229
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1926
See more icon
Detailed Introduction Of This Home
2221 Michigan Ave presents an exceptional opportunity for investors in the heart of Boyle Heights. This well-maintained two-story apartment building, constructed in 1929, encompasses 9,229 square feet and comprises 32 units on an 6,053-square-foot lot. The unit mix consists of (24) Bachelors, (6) Studios, and (2) one bedroom + one bathroom units, catering to a diverse range of tenants. With 28 vacancies currently available, you can seize the opportunity to implement a value-add strategy and elevate the property to its full potential. By undertaking targeted renovations of individual units and common areas, you can position the asset to command premium market rental rates, offering flexibility for short-term and long-term tenancy arrangements. Participation in programs like the Section 8 Housing initiative through entities such as HACLA or PATH further enhances the property's appeal. Strategically located in the vibrant Boyle Heights neighborhood, just west of downtown Los Angeles, 323 N. Soto Street benefits from its central location. The area boasts a dense population and a strong working-class community. Residents enjoy convenient access to amenities such as MacArthur Park, popular taco trucks, and efficient public transportation options, including bus and metro lines. Major employers such as Kaiser Permanente, Bank of America, and the Los Angeles County Department of Public Health are nearby. This property represents an exceptional investment opportunity in a dynamic and rapidly evolving neighborhood, offering immediate rental income potential and long-term value appreciation. **Buyer to verify Bed/Bath count and unit type. * 2221 Michigan Ave. can be purchased with 323 N Soto St & 1818 N. Broadway as a portfolio.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
140 S Dolliver Street #191
140 S Dolliver Street #191
icon 140 S Dolliver Street #191
0 SqFt  / 3 Beds  / 2 Full Bas
USD 649,000
1651 Topanga
1651 Topanga
icon 1651 Topanga
0 SqFt  / 3 Beds  / 5 Full Bas
USD 1,675,000
642 W Center Street
642 W Center Street
icon 642 W Center Street
6284 SqFt  / 4 Beds  / 2 Full Bas
USD 750,000
1975 Stephens Lane
1975 Stephens Lane
icon 1975 Stephens Lane
3920 SqFt  / 3 Beds  / 2 Full Bas
USD 500,000
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 20
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
album
Photos (20)
icon
icon
banner
2221 Michigan Avenue #M
USD 4,300,000 2 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.com
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.com’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder