2522 Michigan Avenue
Los Angeles, CA 90033
3732 sqft | 6 beds | 0.13 acres | #24440061
Description
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,490,000
- MLS #24440061
- MLS #24440061
- Cost1490000
- Acres0.1254
- Square Feet3732
- Year Built1923
- Bedrooms6
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: John Katnik (#CLW-C133711)
Listing Office: BRC Advisors- BH (#CLW-X82405)
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