2202 Michigan Avenue, Los Angeles, CA 90033
  • MLS#: PW25053738 ( Commercial/Residential )
  • Street Address: 2202 Michigan Avenue
  • Viewed: 5
  • Price: $7,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1985
  • Bldg sqft: 0
  • Days On Market: 112
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90033
  • Provided by: Keller Williams Realty Downey
  • Contact: Robert Robert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Michigan Heights Apartments is a well maintained, 28 unit apartment complex located at 2202 2208 Michigan Avenue, in dynamc Boyle Heights, one block from highly amenitized retail corridors on E. Cesar Chavez Avenue and Soto Street. The property is comprised of (25) two bedroom/ one bath units and (3) studio units. Units are bright with hardwood floors throughout, stainless steel appliances, and modern kitchens and bathrooms. Appealing features include attractive landscaping, secure gated access, on site laundry facilities, designated parking, and community BBQ areas. Approximately $500K has been invested in capital improvements including new windows, upgraded electrical systems, new roofing on half of the building, and interior renovations. Michigan Heights is well located in one of LA's most unique and vibrant communities. Known for its deep cultural roots, Boyle Heights has received increased attention in recent years for its Michelin recognized chefs, celebrated eateries, and a thriving artistic community. The property is centrally located just three miles from Downtown Los Angeles and offers easy access to major freeways (I 10, I 5, I 60 & 101), making it a highly desirable rental location for tenants seeking a vibrant neighborhood with exceptional convenience.
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Features
Building Area Total
  1. 22124.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 200
Electric Expense
  1. 11813.00
Fuel Expense
  1. 11813.00
Garage Spaces
  1. 20.00
Gardner Expense
  1. 2400.00
Insurance Expense
  1. 28000.00
Laundry Features
  1. Common Area
Lot Features
  1. 26-30 Units/Acre
Netoperatingincome
  1. 431637.00
Newtaxesexpense
  1. 93500.00
Number Of Separate Electric Meters
  1. 28
Number Of Separate Gas Meters
  1. 28
Otherexpense
  1. 8400.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 5183005051
Pest Control Expense
  1. 1000.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 45963.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 433904632:CRM
Totalexpenses
  1. 247616.00
Trash Expense
  1. 11813.00
Water Sewer Expense
  1. 11813.00
Water Source
  1. Public
Year Built
  1. 1985
Year Built Source
  1. Assessor
Zoning
  1. LARD1.5