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2202 Michigan Avenue
USD 7,750,000
Property ID: SB24004205
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2202 Michigan Avenue ,90033
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icon 22393 SqFt
icon Built in 1985
icon USD 346/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
22124
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1985
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Detailed Introduction Of This Home
We are pleased to present our latest multifamily investment opportunity, The Michigan Heights Apartments located at 2202 & 2208 Michigan Avenue in Boyle Heights. This 28-unit property is situated on a spacious 22,386 square foot lot, and boasts a projected rental upside of about 33% +/- for it's new owner. The units are large, well laid out and consist of an outstanding unit mix of Twenty Five 2 Bed / 1 Bath units and Three Studio units. The property is individually metered for gas and electricity, and features many amenities that tenants enjoy - there is onsite parking available, laundry facilities (leased), as well as a small picnic area for tenants to have a cookout and relax. Many units have been upgraded, but there is still room for upside via bringing rents up to market. There are also still opportunities for a new owner to create their own value-add by putting the last finishing touches on some units. The Michigan Heights Apartments are situated in the culturally rich Boyle Heights community, and the historic Mariacha Plaza is nearby. The area is eagerly awaiting several exciting new redevelopment projects, and Boyle Heights is terrifically positioned just outside of Downtown, with access to many other convenient transit options with access to all of Los Angeles.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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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
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Photos (18)
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2202 Michigan Avenue
USD 7,750,000 0 Beds
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