Search
2522 Michigan Ave, Los Angeles, CA 90033
Image 2 for 2522 Michigan Ave, Los Angeles, CA 90033
Image 3 for 2522 Michigan Ave, Los Angeles, CA 90033
View Photos

2522 Michigan Ave Los Angeles, CA 90033

$1,490,000
  • 6 Beds
  • 4 Baths
  • 3,732 Sq.Ft.
For Sale
$1,490,000 Get Pre-Qualified
Map preview of 2522 Michigan Ave, Los Angeles, CA 90033

Property Overview: 2522 Michigan Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,732 living square feet and 5,464 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: 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.

Listed by John Katnik | BRE #02002695 | BRC Advisors- BH
Last checked: 3 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
5,464
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24440061
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,407
  • Total Rent: $2,407
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,052
  • Total Rent: $3,052
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.41%
  • Gross Rent Multiplier: 11.03
  • Gross Scheduled Income: --
  • Net Operating Income: $95,577
  • Gross Operating Income: $131,055
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2522 Michigan Ave

No upcoming open houses

Schedule Tour

Property Details for 2522 Michigan Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5180007030
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Soto and North of 4th.
View more facts & features

Local Los Angeles Agent

Sale History for 2522 Michigan Ave

Last sold for $255,500 on June 23rd, 2017

  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: 24440061

    $1,490,000

    Price

  • June, 2017

  • Jun 23, 2017

    Date

    Sold (Public Records)

    Public Records

    $255,500

    Price

  • June, 2017

  • Jun 16, 2017

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 2522 Michigan Ave

Assessed Value (2020): $559,255
Year Land Value Improved Value Assessed Value
2020 $293,953 $265,302 $559,255

Home Value Compared to the Market

This property vs the competition

2522 Michigan Ave is listed 24.17% 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 $399.25 per/sqft which puts the price per square foot 48.01% lower than the median price per square foot for the city of Los Angeles.

About 2522 Michigan Ave

Detailed summary of property

2522 Michigan Ave is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 3,732 living square feet, and sits on an approximately 5,464 square foot lot. 2522 Michigan Ave was first listed on ArdentRealEstateGroup.com on September 16, 2024. The homeowner is currently asking $1,490,000. 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 24.17% higher than the median priced home. Local competing homes currently for sale include 1515 Michigan Ave, 3313 Folsom St and 956 Euclid Ave. While the average home in Los Angeles, CA is selling in 106 days, 2522 Michigan Ave has a days on market of 3 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 2522 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 2522 Michigan Ave

Public county record property details
Beds
6
Baths
4
Year built
1923
Sq. Ft.
3,732
Lot Size
5,463
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4-5,11
APN
5180-007-030

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%)

Tour This Home

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2522 Michigan Ave

Nearby Homes for Sale

113 S Mathews St, Los Angeles, CA 90033
$1,195,000
8 Beds
7 Baths
5338 Sq.Ft.
113 S Mathews St
Los Angeles, CA 90033
244 N Chicago St, Los Angeles, CA 90033
$1,390,000
8 Beds
5 Baths
3741 Sq.Ft.
244 N Chicago St
Los Angeles, CA 90033
2437 Houston St, Los Angeles, CA 90033
$1,549,500
8 Beds
6 Baths
3170 Sq.Ft.
2437 Houston St
Los Angeles, CA 90033
2022 E 2nd St, Los Angeles, CA 90033
$1,295,000
16 Beds
16 Baths
7000 Sq.Ft.
2022 E 2nd St
Los Angeles, CA 90033
509 S Mathews St, Los Angeles, CA 90033
$1,399,000
10 Beds
6 Baths
4236 Sq.Ft.
509 S Mathews St
Los Angeles, CA 90033
2828 E Lanfranco St, Los Angeles, CA 90033
$1,200,000
42 Beds
21 Baths
4320 Sq.Ft.
2828 E Lanfranco St
Los Angeles, CA 90033
1611 E Cesar E Chavez Ave, Los Angeles, CA 90033
$1,699,500
48 Beds
36 Baths
6156 Sq.Ft.
1611 E Cesar E Chavez Ave
Los Angeles, CA 90033
2737 Pomeroy Ave, Los Angeles, CA 90033
$1,250,000
8 Beds
5 Baths
3115 Sq.Ft.
2737 Pomeroy Ave
Los Angeles, CA 90033

Recently Sold Homes Near 2522 Michigan Ave

312 N Mathews St, Los Angeles, CA 90033
$2,450,000 Last Sold Price
13 Beds
14 Baths
9726 Sq.Ft.
312 N Mathews St
Los Angeles, CA 90033
209 N Mathews St, Los Angeles, CA 90033
$925,000 Last Sold Price
4 Beds
2 Baths
1658 Sq.Ft.
209 N Mathews St
Los Angeles, CA 90033
311 N Fickett St, Los Angeles, CA 90033
$600,000 Last Sold Price
3 Beds
3 Baths
1856 Sq.Ft.
311 N Fickett St
Los Angeles, CA 90033
2605 Michigan Ave, Los Angeles, CA 90033
$779,000 Last Sold Price
4 Beds
3 Baths
2321 Sq.Ft.
2605 Michigan Ave
Los Angeles, CA 90033

Related Resources to 2522 Michigan Ave

New Listings in 90033
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call