Sold

2014 Michigan Ave

2014 Michigan Ave, Los Angeles, CA 90033

$1,190,000

Terrific four-plex, located in a desirable area of Boyle Heights. Walk to all the restaurants and shops on Cesar Chavez Avenue. Impressive unit variety with two 3 bedroom units, 1- one bedroom, and one single. Onsite laundry, and convenient onsite parking. Perfect for investment with a 5% Cap Rate, low expenses, high rental demand area, and two units built in 2012. 2.6 miles to Downtown LA, 1.4 Miles to the Arts District. Revenues at $7872.88/mth starting February 1, 2024, NOI = $4,972.88. 100% tenant occupied- do not disturb occupants or walk on the property without permission. Units will be shown with an accepted offer, drive-by only. Agents read private comments.

7
beds

5
baths

2,952 Sq.Ft. LIVING AREA

7,415 Sq.Ft. lot

Chris Furstenberg

Chris Furstenberg

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms5
  • APPLIANCES Other

Area & Lot

  • Status Sold
  • Living Area2,952 Sq.Ft.
  • Lot Area7,415 Sq.Ft.
  • MLS® ID24-349317
  • TypeMulti-Family
  • YEAR BUILT1890
  • Architecture StylesTraditional

Exterior

  • parkingOther, Carport, Driveway
  • HEAT TYPEOther
  • AIR CONDITIONINGOther

Financial

  • Sales Price$1,190,000
  • Zoning LARD1.5