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2709 Michigan Ave Los Angeles, CA 90033

$690,000 Sold Price as of 05/28/2021

5 Beds
2 Baths
2,001 Sq.Ft.

Sold

$690,000 Sold Price as of 05/28/2021 Refinance Your Mortgage

Map preview of 2709 Michigan Ave, Los Angeles, CA 90033

Property Overview: 2709 Michigan Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 2,001 living square feet and 5,399 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **BACK ON THE MARKET! GREAT INCOME PROPERTY** BACK VACANT UNIT!!! Live in one and rent the other! These detached units are located to all amenities of life close to parks, schools, shopping centers, restaurants, church, transportation stations, El Mercadito, and freeways. First unit is a 2 bedroom and 1 bath, with a spacious, living room, spacious dinning area, open kitchen, and bonus room/storage. Less then year it has been updated with a brand new kitchen, granite counter tops, brown cabinets, stainless steel kitchen fan range, interior paint, new bathroom vanity, new laminated wood floors in both bedrooms, interior doors, ceiling fans, and new heating wall unit (no laundry hook ups nor parking for front unit). Back unit is 3 bedrooms and 1 bath with spacious balcony and an attached garage that can be converted to an ADU. The last 2 years unit has had some updates, laminated wood floor in bedrooms, some bathroom updates, spacious living room and kitchen, attached garage has been converted to living space, and outside laundry hook ups. Back unit has alley access and own entry way. Both units have had some minor electrical and plumbing work. Don't miss out.

Listed by Diana Hernandez | BRE #01814655 | Century 21 Allstars

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 5,399
HOA Dues: $0/mo
Year built: 1908
Garage: 2 Car
Property Type:: Duplex

Status: Sold
MLS#: DW21023840
City: Los Angeles
County: Los Angeles
Time on Site: 1323 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $1,850

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,350

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $50,000
Net Operating Income: $47,300
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $2,700
Electric: $0
Gas/Fuel: $0
New Taxes: $8,376
Trash: $600
Gardener: $600
Insurance: $1,100
Water/Sewer: $1,500

Property Details for 2709 Michigan Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Outside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: 2-5 Units/Acre, Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 5180017029
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Unknown
Water Source: Public

Location / Neighborhood

Location Information

Directions: EAST CESAR CHAVEZ

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 2709 Michigan Ave

Last sold for $690,000 on May 28th, 2021

May, 2021
May 28, 2021

Date

Sold

CRMLS: DW21023840

$690,000

Price
Feb 19, 2021

Date

Pending

CRMLS: DW21023840

$659,900

Price
Feb 4, 2021

Date

Active

CRMLS: DW21023840

$659,900

Price
February, 2021
Feb 3, 2021

Date

Canceled

CRMLS: DW20231032

$659,900

Price
Jan 8, 2021

Date

Pending

CRMLS: DW20231032

$659,900

Price
Dec 16, 2020

Date

Active

CRMLS: DW20231032

$659,900

Price
Dec 8, 2020

Date

Pending

CRMLS: DW20231032

$659,900

Price
Nov 18, 2020

Date

Price Change

CRMLS: DW20231032

$659,900

Price
Nov 2, 2020

Date

Active

CRMLS: DW20231032

$669,900

Price
Listing provided courtesy of CRMLS

**BACK ON THE MARKET! GREAT INCOME PROPERTY** 1 VACANT UNIT!!! FRONT UNIT AVAILABLE TO VIEW 11/28 11-12:30PM.BEST DEAL YOU WILL FIND!!! These detached units are located to all amenities of life close to parks, schools, shopping centers, restaurants, church, transportation stations, El Mercadito, and freeways. First unit is a 2 bedroom and 1 bath, with a spacious, living room, spacious dinning area, open kitchen, and bonus room/storage. Less then year it has been updated with a brand new kitchen, granite counter tops, brown cabinets, stainless steel kitchen fan range, interior paint, new bathroom vanity, new laminated wood floors in both bedrooms, interior doors, ceiling fans, and new heating wall unit (no laundry hook ups nor parking for front unit). Back unit is 3 bedrooms and 1 bath with spacious balcony and an attached garage that can be converted to an ADU. The last 2 years unit has had some updates, laminated wood floor in bedrooms, some bathroom updates, spacious living room and kitchen, attached garage has been converted to living space, and outside laundry hook ups. Back unit has alley access and own entry way. Both units have had some minor electrical and plumbing work. Don't miss out.

Continue Reading
December, 2017
Dec 26, 2017

Date

Sold (Public Records)

Public Records

$485,000

Price
July, 1999
Jul 30, 1999

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2709 Michigan Ave

Assessed Value (2020): $504,593

Year	Land Value	Improved Value	Assessed Value
2020	$316,281	$188,312	$504,593

Home Value Compared to the Market

This property vs the competition

2709 Michigan Ave sold on May 28, 2021 for 41.08% 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 $329.79 per/sqft which puts the price per square foot 54.45% lower than the current median sale per square foot for the city of Los Angeles.

About 2709 Michigan Ave

Detailed summary of property

2709 Michigan Ave is a duplex that recently sold in Los Angeles, CA 90033. This duplex offered 5 bedrooms, 2 bathrooms, roughly 2,001 living square feet, and sits on an approximately 5,399 square foot lot. 2709 Michigan Ave was first listed on ArdentRealEstateGroup.com on February 4, 2021. The homeowner sold the property for $690,000. 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 41.08% lower than the current median priced home. Local homes that are currently for sale include 3414 Fowler St, 954 Geraghty Ave and 3327 Hunter St. While the average home in Los Angeles, CA is selling in 106 days, 2709 Michigan Ave has a days on market of 14 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 2709 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 2709 Michigan Ave

Public county record property details

Beds: 5
Baths: 1
Year built: 1908
Sq. Ft.: 2,001
Lot Size: 5,399
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30
APN: 5180-017-029

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

Median Sale to List Price %

96.35%

Avg Days on Market

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.