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$1,290,000
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Property Description
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.
Full Property Details
Full Property Details for 2522 Michigan Ave
General
- Sold For: $1,290,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25499895
- Added to Site: 377 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Boyle Heights
- County: Los Angeles
- Driving Directions: Michigan Ave & N Matthews St
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 3
- Square Feet: 3,732
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1923
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1255
- Lot Size: 5466
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $345.66
- Assessment Year: 1923
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5180-007-030
Listed by Marcus & Millichap, Jonathan Weir
Sold by Exp Realty Of California Inc., Joseph Trujillo
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Schools
Schools serving 2522 Michigan Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Breed Street Elementary School 2226 East 3rd Street, Los Angeles, CA 90033 | K-6 | 0.4 mi |
Hollenbeck Middle School 2510 East 6th Street, Los Angeles, CA 90023 | 6-8 | 0.6 mi |
Theodore Roosevelt Senior High 456 South Mathews Street, Los Angeles, CA 90033 | 9-12 | 0.4 mi |
Felicitas And Gonzalo Mendez High 1200 Plaza Del Sol East, Los Angeles, CA 90033 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2522 Michigan Ave
Date
Details
Price
Change
Source
4/03/2025
Sold
$1,290,000
—
MLS
2/14/2025
Listed
$1,290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2522 Michigan Ave, Los Angeles, CA 90033 (MLS# 25499895) is a Multi-Family property that was sold at $1,290,000 on April 03, 2025. Want to learn more about 2522 Michigan Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.

