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4011 Michigan Ave, Los Angeles, CA 90063
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4011 Michigan Ave Los Angeles, CA 90063

$785,000 Sold Price as of 09/05/2024
  • 2 Beds
  • 1 Baths
  • 1,463 Sq.Ft.
Sold
$785,000 Sold Price as of 09/05/2024 Refinance Your Mortgage
Map preview of 4011 Michigan Ave, Los Angeles, CA 90063

Property Overview: 4011 Michigan Ave Los Angeles, CA has 2 bedrooms, 1 bathrooms, 1,463 living square feet and 5,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great duplex opportunity in East LA! Front unit is a 2 bdrm/ 1 bath unit occupied by tenant and back unit is a gorgeous 2 bdrm/2 bath vacant. Completely newly remodeled vacant back unit with a private yard and views of east Los Angeles. New flooring, kitchen and bathrooms. Storage room and laundry room attached. Cute yard ideal for entertaining and minutes from fwys with a short drive to downtown Los Angeles. Two tandem parking spaces per unit. Please do not disturb the front tenants. Only show the vacant rear unit and send offer subject to the inspection of front unit. Buyer to assume the front tenant. Please do not disturb the front tenants.

Listed by Jason Lee | BRE #01845646 | Team Spirit Realty
Last checked: 6 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,255
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24419103
City
Los Angeles
County
Los Angeles
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4011 Michigan Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Outside
Room Information
  • Flooring: Tile, Laminate
Kitchen Information
  • Has Appliances
  • Disposal, Microwave
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5233012011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google map.
View more facts & features

Local Los Angeles Agent

Sale History for 4011 Michigan Ave

Last sold for $785,000 on September 5th, 2024

  • September, 2024

  • Sep 5, 2024

    Date

    Sold

    CRMLS: 24419103

    $785,000

    Price

  • Jul 24, 2024

    Date

    Active

    CRMLS: 24419103

    $769,000

    Price

  • January, 2024

  • Jan 30, 2024

    Date

    Sold

    CRMLS: SB23220585

    $510,000

    Price

  • Dec 4, 2023

    Date

    Active

    CRMLS: SB23220585

    $600,000

    Price

  • Listing provided courtesy of CRMLS

    4011 Michigan Ave is a value-add duplex in the unincorporated area of Boyle Heights. Constructed in 1925 and sitting on a 5,255 Sq Ft Lot Zoned LCR2. Property consists of (1) 3 bed / 1 Bath and (1) 1 Bed units totalling 1,463 SF. This investment has a tremendous amount of potential and upside with a 9.13 Market GRM & a 7.94% Market CAP. There is ample parking space inside the property with a nice backyard view overlooking City Terrace. Both units are separately metered for gas and electricity. The one bedroom unit is currently a few months behind. With some vision and renovation efforts, there is tremendous potential to increase the property's value significantly. Whether you're looking to modernize the interiors or enhance curb appeal, the possibilities are endless. Property will be sold as is.

  • November, 2019

  • Nov 12, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4011 Michigan Ave

Assessed Value (2020): $30,879
Year Land Value Improved Value Assessed Value
2020 $16,338 $14,541 $30,879

Home Value Compared to the Market

This property vs the competition

4011 Michigan Ave sold on September 5, 2024 for 31.34% 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 $525.63 per/sqft which puts the price per square foot 27.4% lower than the current median sale per square foot for the city of Los Angeles.

About 4011 Michigan Ave

Detailed summary of property

4011 Michigan Ave is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 2 bedrooms, 1 bathrooms, roughly 1,463 living square feet, and sits on an approximately 5,255 square foot lot. 4011 Michigan Ave was first listed on ArdentRealEstateGroup.com on July 24, 2024. The homeowner sold the property for $785,000. 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 31.34% lower than the current median priced home. Local homes that are currently for sale include 127 S Evergreen Ave, 2611 Ganahl St and 2641 Pomeroy Ave. While the average home in Los Angeles, CA is selling in 106 days, 4011 Michigan Ave has a days on market of 8 days. There are currently 3972 homes for sale in the Los Angeles real estate market and 2715 of them are single family homes while 1139 of them are condos and 113 are townhomes. For more information on this home for sale at 4011 Michigan Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4011 Michigan Ave

Public county record property details
Beds
5
Baths
2
Year built
1925
Sq. Ft.
1,463
Lot Size
5,253
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5233-012-011

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,999
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
35
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

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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