Listed By:
Keller Williams - Santa Monica, 310-463-2916, Robert Stepp
Local Realty Services Provided By:
Keller Williams Realty Los Feliz
Overview
What It'll Cost
Neighborhood
Similar Homes
$7,200,000
2202 2208 Michigan Avenue, Los Angeles, CA 90033
22,124
sq ft
.51
ac
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$7,200,000
2202 2208 Michigan Avenue, Los Angeles, CA 90033
Estimation provided by Keller Williams Realty Inc.
22,124
sq ft
.51
ac
Active
For Sale
Property 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.
Assessed Value is a combination of the land and additions.
2023
$70,236
(+4.76%)
$5,583,758
Land 3,072,136 +
Additions 2,511,622
2022
$67,042
(+1.35%)
$5,367,263
Land 2,952,843 +
Additions 2,414,420
2021
$66,146
(+3.02%)
$5,367,263
Land 2,952,843 +
Additions 2,414,420
2019
$64,209
(+2.98%)
$5,303,916
Land 2,922,566 +
Additions 2,381,350
2017
$62,353
$5,097,960
Land 2,809,080 +
Additions 2,288,880
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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