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2522 Michigan Avenue
USD 1,490,000
Property ID: 24440061
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2522 Michigan Avenue ,90033
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icon 5464 SqFt
icon Built in 1923
icon USD 273/SqFt
icon 6 Beds
icon 4 Full
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Location Street View
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Interior Details
Bedrooms
6
Bathrooms
4
Interior Size
3732
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1923
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Detailed Introduction Of This Home
Perfect starter fourplex in the hot Boyle Heights submarket of LA! Actual 6.4% Cap with upside to 12.89%!! The unit mix consists of two 2+1 units and two 1+1 (with den) units. The investment consists of approximately 3,732 of rentable square feet and is situated on an approximately 5,464 square foot parcel. All units have been completely remodeled and are rented to 100% section 8 tenants. The owner also has approved RTI plans to build 2 new construction 3+2 ADUs (approx 800 sq ft each) in the back of the property. Each unit includes an in-unit washer & dryer and all of the units have been renovated. The property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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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
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Photos (12)
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2522 Michigan Avenue
USD 1,490,000 6 Beds
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