$3,600,000 2221 Michigan Avenue Los Angeles, CA

MLS: 17293336   Type: Pending   County: Los Angeles   City: Los Angeles   Area: Boyle Heights   Zip: 90033     Stories: 2

Mortgage $16,901 /mo



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We are pleased to offer for sale this thirty-two (32) unit multifamily investment offering, located in the City of Los Angeles. This two-story building was constructed of wood frame and stucco on a raised foundation built in 1926 with a square footage of 9,229 on a 6,055-square foot lot. Meticulously landscaped and recently renovated, the subject property represents a very desirable asset in the supply-constrained Boyle Heights sub-market. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-four (24) bachelor units, six (6) studio units, and two (2) 1+1 units. The investment is subject to the City of Los Angeles rent control regulation.

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Price History

12/1/2017 Listed $3,600,000

Cooling See Remarks
Directions 2221 MICHIGAN AVENUE, LA 90033
Listagentaor CLAW
Listing Agent Davis Saadian - BRE#01921748
Listing Agent State License 01921748
MLS Area BOYH - Boyle Heights
Price Per Square Foot 390.07
Source System CRMLS
Special Listing Conditions Standard
Total Units 32
Zoning LAR4

Interior Features

Air Conditioning Y/N Yes
Laundry Features See Remarks
Laundry Y/N Yes
Total Stories 2

Exterior Features

Building Area Total 9229.00
Lot Size Acres 0.1390
Lot Size Area 6055.0000
Lot Size Source Appraiser
Lot Size Square Feet 6055.00
Lot Size Units Square Feet
Number of Buildings 1

Property Schools

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Property vs Zip Code Avg (90033)

Price 3.60M Avg 1.70M

Sqr Feet 9,229 Avg 3,398

Cost / Sqr Ft $390 Avg $503

Acres 0.139 Avg 0.15

Visits 254 Avg 55

Days on Site 1,145 Avg 393

Walkscore® 91 Avg 89

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Davis Saadian with BRC Advisors.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA