2522 Michigan Avenue
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 5,466 sqft lot
- 1923 build
- – on site
We are pleased to present our newest exclusive listing in Boyle Heights (Los Angeles). The property comes with RTI plans to build (2) three-bedroom, two-bathroom ADUs in the rear of the property. The ownership has renovated all the units with new flooring, kitchens, and bathrooms, and each includes an in-unit washer/dryer. Additionally, the building has new vinyl windows. The property is leased to Section 8 tenants and provides strong income for an investor. Once the ADUs are built, the property would operate at a 13.49% CAP RATE and add tremendous value to the property.
Last checked:
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Last updated Feb 19, 2025
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MLS# 25499895 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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New Construction:No
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Building Area Total:3732.00
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:3
Interior
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Levels:Multi/Split
Location
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Directions:Michigan Ave & N Matthews St
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Latitude:34.04411600
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Longitude:-118.20684400
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:5466.0000
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Lot Size Acres:0.1255
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Lot Size SqFt:5466.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5180007030
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | $1,290,000 | 416.0% (54.2% / YR) |
|
9/16/24
Sep 16, 2024
|
Listed / Active | BRIDGE | ||
|
6/19/17
Jun 19, 2017
|
CRMLS_CA | $250,000 |
