REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,290,000
Est. payment /mo
Active
2522 Michigan AVE Los Angeles, CA 90033
8 Beds
4 Baths
3,732 SqFt
UPDATED:
02/22/2025 01:26 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,732 sqft
Price per Sqft $345
MLS Listing ID 25499895
Bedrooms 8
HOA Y/N No
Year Built 1923
Lot Size 5,466 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5180007030
Special Listing Condition Standard
Listed by Jonathan Weir • Marcus & Millichap
GET MORE INFORMATION