2202 2208 Michigan Avenue, Los Angeles, CA 90033
- $7,400,000
- List Price
- $7,400,000
- Status
- ACTIVE
- MLS#
- PW26182167
- Year Built
- 1985
- Lot Size
- 22,393
- Acres
- 0.51
- Lot Location
- 26-30 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Michigan Heights Apartments is a well-maintained, 28-unit apartment complex located at 2202-2208 Michigan Avenue, in dynamic Boyle Heights, one block from amenity-rich retail corridors on E. Cesar Chavez Avenue and Soto Street. The property comprises (24) two-bedroom/one bath units and (4) studio units. Units are bright with hardwood floors throughout, stainless steel appliances, and modern kitchens and bathrooms. Appealing features include attractive landscaping, secure gated access, on-site laundry facilities, designated parking, and community BBQ areas. Approximately $500K has been invested in capital improvements including new windows, upgraded electrical systems, new roofing on half of the building, and interior renovations. Michigan Heights is well-located in one of LA's most unique and vibrant communities. Known for its deep cultural roots, Boyle Heights has received increased attention in recent years for its Michelin-recognized chefs, celebrated eateries, and a thriving artistic community.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 20
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 28
- Gross Scheduled Income
- $740,426
- Operating Expense
- 253796
Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams Realty Downey.
Mortgage Calculator
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