2221 Michigan Avenue, Unit M
2221 Michigan Avenue, Unit M
Description
- Listed by David Weinberger • DRE #01349349 • Keller Williams Studio City
- Listed by Megan Husri • DRE #02089901 • Keller Williams Studio City
Property Details for 2221 Michigan Avenue, Unit M
Location
Property Details for 2221 Michigan Avenue, Unit M
| Status | Active |
|---|---|
| MLS # | 24-364103 |
| Days on Market | 62 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1926 |
| Lot Size | 0.14 AC / 6,181 SF |
| County | Los Angeles County |
Location
Building Information for 2221 Michigan Avenue, Unit M
Payment Calculator
$23,467 per month
30 year fixed, 7.25% Interest
$23,467
—
$0
Property Information for 2221 Michigan Avenue, Unit M
- Number Of Units: 32
- Senior Community: No
- Year Built Source: Vendor Enhanced
- Number Of Stories: 2
- Number Of Buildings: 1
- Type Of Units: 2
- Unit Number: M
- Disclosures: As Is, Court Approval Required
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
- Scheduled Actual: Actual
- Gross Operating Income: $474,101
- Net Operating Income: $286,173.00
- Gross Income: $493,856
- Gross Scheduled Income: $493,856
- Cap Rate: 6.70%
- Gross Rent Multiplier: $8.70
- Total Annual Expense: 187928
- Lot Acreage: 0.1419
- Lot Size Square Feet: 6181
- Lot Description: Curbs, Street Lighting, Walk Street
- Lot Location: City
- Parking Garage: None
- Total Parking: 0
- Parking Features: None
- Levels: Two
- Cooling: Wall/Window Unit(s)
- Cooling Type: Wall/Window
- Heating Type: Other
- Equipment: None
- Laundry: Community
- Laundry Equipment: Lease
- New Construction: No
- Other Structures: None
- Entry Date: 03-01-2024
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,215.00
- Unit Actual Rent: $29,155.00
- Unit Projected Rent: $34,800.00
- Like Units: 24
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,650.00
- Unit Actual Rent: $3,300.00
- Unit Projected Rent: $3,300.00
- Like Units: 2
- Unit Beds: 0
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,450.00
- Unit Actual Rent: $8,700.00
- Unit Projected Rent: $9,300.00
- Like Units: 6
- Unit Type Type: 2106, 2107, 2108
- Assessed Improvement Value: $534,568.00
- Assessed Improvement Percent: 39.9
- Assessed Land Value: $805,205.00
- Assessed Land Percent: 60.1
- Assessed Total Value: $1,339,773.00
Property History for 2221 Michigan Avenue, Unit M
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2221 Michigan Avenue, Unit M
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Charter - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Sheridan Street Elementary School PublicK to 6 | ||
Extera Public Schools CharterK to 8 | ||
Theodore Roosevelt Senior High Public9 to 12 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Boyle Heights
Neighborhoods
- Arts District
- Boyle Heights
- Central Los Angeles
- Downtown Los Angeles
- Eastside Los Angeles
- El Sereno
- Historic Cultural
- Lincoln Heights
- Metropolitan
- Mission Junction
- Little Tokyo
- Seafood District
- Chinatown
- Los Angeles Civic Center
- Solano Canyon
- Central City East
- Northeast Los Angeles
- Montecito Heights
- Elysian Park
- Echo Park
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Studio City, David Weinberger, DRE #01349349; Keller Williams Studio City, Megan Husri, DRE #02089901
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.