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2316 Michigan Ave, Los Angeles, CA 90033
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2316 Michigan Ave Los Angeles, CA 90033

$900,000 Sold Price as of 10/31/2022
  • 21 Beds
  • 21 Baths
  • 3,796 Sq.Ft.
Sold
$900,000 Sold Price as of 10/31/2022 Refinance Your Mortgage
Map preview of 2316 Michigan Ave, Los Angeles, CA 90033

Property Overview: 2316 Michigan Ave Los Angeles, CA has 21 bedrooms, 21 bathrooms, 3,796 living square feet and 7,654 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Opportunity to own this 6 unit Multi Family apartment building located in the Boyle Heights area. All units are 1 bedroom & 1 bath and each units has inside laundry room. Each unit has it's own gas and electric meters. Property is located near by transportation, schools, stores and freeways. Property is subject to Los Angeles City Rent Control.

Listed by Judd Matsunaga | BRE #00771301 | LA Citywide Properties, LLC
Last checked: 12 minutes ago | Last updated: November 1st, 2022 | Source CRMLS | DOM: 185

Home details

Lot Sq. Ft
7,654
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22148367
City
Los Angeles
County
Los Angeles
Time on Site
882 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $830
  • Total Rent: $830
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $830
  • Total Rent: $830
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $780
  • Total Rent: $780
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $755
  • Total Rent: $755
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $765
  • Total Rent: $765
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $42,024
  • Gross Operating Income: $56,520
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $2,018
  • Trash: $3,380
  • Insurance: $4,086
  • Water/Sewer: $4,350
  • Other Expenses: $492

Property Details for 2316 Michigan Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Stackable, Individual Room
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5183005023
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Soto St. and E. Cesar E. Chavez Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2316 Michigan Ave

Last sold for $900,000 on October 31st, 2022

  • October, 2022

  • Oct 31, 2022

    Date

    Sold

    CRMLS: 22148367

    $900,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: 22148367

    $1,199,000

    Price

  • February, 2018

  • Feb 16, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2316 Michigan Ave

Assessed Value (2020): $81,771
Year Land Value Improved Value Assessed Value
2020 $25,977 $55,794 $81,771

Home Value Compared to the Market

This property vs the competition

2316 Michigan Ave sold on October 31, 2022 for 4.46% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $281.88 per/sqft which puts the price per square foot 61.07% lower than the current median sale per square foot for the city of Los Angeles.

About 2316 Michigan Ave

Detailed summary of property

2316 Michigan Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 21 bedrooms, 21 bathrooms, roughly 3,796 living square feet, and sits on an approximately 7,654 square foot lot. 2316 Michigan Ave was first listed on ArdentRealEstateGroup.com on April 21, 2022. The homeowner sold the property for $900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 4.46% lower than the current median priced home. Local homes that are currently for sale include 673 N Boyle Ave, 3026 Folsom St and 2746 Wabash Ave. While the average home in Los Angeles, CA is selling in 106 days, 2316 Michigan Ave has a days on market of 185 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 2316 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 2316 Michigan Ave

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
3,796
Lot Size
7,653
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,20
APN
5183-005-023

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%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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