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1515 Michigan Ave Los Angeles, CA 90033

$1,500,000
  • 3 Beds
  • 4 Baths
  • 2,458 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 1515 Michigan Ave, Los Angeles, CA 90033

Property Overview: 1515 Michigan Ave Los Angeles, CA has 3 bedrooms, 4 bathrooms, 2,458 living square feet and 6,846 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great investment opportunity on a quadruplex in the heart of Los Angeles (Boyle Heights area). There is one building with one unit has 1bed/1bath and common wall with a studio with full kitchen and full bath. There is a separate detached 2 story building with one 1st floor unit 1bed/1bath and 2nd floor unit 1 bed/1bath. There is also a one detached one car garage with a long drive way. Each unit has it's own separate address, and separate meter. Property is located within walking distance to bus stops, schools, stores, and easily accessible to freeways.

Listed by Eusebio Garza | BRE #01848061 | Jason Mitchell Real Estate Ca
Last checked: 4 minutes ago | Last updated: August 26th, 2024 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,846
HOA Dues
$0/mo
Year built
1913
Garage
1 Car
Property Type:
Fourplex
Status
Active
MLS#
DW24176171
City
Los Angeles
County
Los Angeles
Time on Site
25 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,435
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 1515 Michigan Ave

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Property Details for 1515 Michigan Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Driveway, Garage Faces Side
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5174021002
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Is a Senior Community
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit of 101 FWY on 1st ST left on S Boyle, left Pennsylvanna Ave and right on Michigan Ave
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1515 Michigan Ave

View property's historical transactions

  • August, 2024

  • Aug 24, 2024

    Date

    Active

    CRMLS: DW24176171

    $1,500,000

    Price

Tax History for 1515 Michigan Ave

Assessed Value (2020): $240,246
Year Land Value Improved Value Assessed Value
2020 $119,873 $120,373 $240,246

Home Value Compared to the Market

This property vs the competition

1515 Michigan Ave is listed 25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $610.25 per/sqft which puts the price per square foot 20.54% lower than the median price per square foot for the city of Los Angeles.

About 1515 Michigan Ave

Detailed summary of property

1515 Michigan Ave is a fourplex located in Los Angeles, CA 90033 and is currently for sale. This fourplex offers 3 bedrooms, 4 bathrooms, roughly 2,458 living square feet, and sits on an approximately 6,846 square foot lot. 1515 Michigan Ave was first listed on ArdentRealEstateGroup.com on August 25, 2024. The homeowner is currently asking $1,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25% higher than the median priced home. Local competing homes currently for sale include 2737 Pomeroy Ave, 1441 Murchison St and 3313 Folsom St. While the average home in Los Angeles, CA is selling in 106 days, 1515 Michigan Ave has a days on market of 25 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1515 Michigan Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1515 Michigan Ave

Public county record property details
Beds
4
Baths
4
Year built
1913
Sq. Ft.
2,458
Lot Size
6,844
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5174-021-002

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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