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.
Full Property Details
Full Property Details for 2221 Michigan Ave
MLS ID: 17-293336
Added: 415 day(s) ago
Interior Features: Other
Parking Type: None
Area: Boyle Heights (BOYH)
County: Los Angeles
Development Name: Boyle Heights (BOYH)
Driving Directions: 2221 MICHIGAN AVENUE, LA 90033
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2221 Michigan Ave, Los Angeles, CA 90033 (MLS# 17-293336) is a
Multi-Family property with 32 units containing 0 bedrooms and 0 full bathrooms.
2221 Michigan Ave is currently listed for $3,600,000 and was received on December 01, 2017.
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