2316 Michigan Avenue

Los Angeles, CA 90033

$900,000
Last Sold Price
6
Beds
6
Baths
3,796 Sq. Ft.
$237 / Sq. Ft.
3,796
Sq. Ft.
$237
per Sq. Ft.

Description

Great Investment Opportunity to own this 6 unit Multi Family apartment building located in the Boyle Heights area. All units are 1 bedroom & 1 bath and each units has inside laundry room. Each unit has it's own gas and electric meters. Property is located near by transportation, schools, stores and freeways. Property is subject to Los Angeles City Rent Control.Great Investment Opportunity to own this 6 unit Multi Family apartment building located in the Boyle Heights area. All units are 1 bedroom & 1 bath and each units has inside laundry room. Each unit has it's own gas and electric meters. Property is located near by transportation, schools, stores and freeways. Property is subject to Los Angeles City Rent Control.
  1. Listed by Judd Matsunaga • DRE #00771301 • Brokerage DRE #00771301 • LA Citywide Properties, LLC

Property Details for 2316 Michigan Avenue

Zoning
LAR4
Style
Traditional
Parcel Number
5183005023
Total Units
6.0
Living Area
3796
Source Living Area
Assessor
Area
Boyle Heights (BOYH)
Vacancy Rate
0

Location

Listing Courtesy of LA Citywide Properties, LLC, Judd Matsunaga, DRE #00771301

Sold By Home Smart Realty Group, Cruz Zavala, DRE #01240727

Add your commute
LISTING UPDATED: 11/01/2022 03:28 PM

Property Details for 2316 Michigan Avenue

StatusSold
MLS #22-148367
Days on Market185
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.18 AC / 7,654 SF
CountyLos Angeles County

Location

Listing Courtesy of LA Citywide Properties, LLC, Judd Matsunaga, DRE #00771301

Sold By Home Smart Realty Group, Cruz Zavala, DRE #01240727

Add your commute

Building Information for 2316 Michigan Avenue

Stories2Residences-Year Built1941Building Size-Lot Size0.18 AC / 7,654 SF

Payment Calculator

$5,902 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$990

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2316 Michigan Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is, Trust/Conservatorship
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $56,520
  • Net Operating Income: $42,023.99
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 14496.01
  • Water Expense: $4,350.00
  • Trash Expense: $3,380.00
  • Other Expense: $492.00
  • Tax Expense: $2,018
  • Expense Licenses: $170.00
  • Insurance Expense: $4,086
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1757
  • Lot Size Square Feet: 7654
Parking Details
Parking Details
  • Parking Garage: Garage, Parking Space
  • Total Parking: 6
  • Parking Features: Garage, Parking Space
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins, Ceiling Fan, Garbage Disposal, Range/Oven, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-21-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $830.00
  • Unit Actual Rent: $830.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $830.00
  • Unit Actual Rent: $830.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $750.00
  • Unit Actual Rent: $750.00
  • Unit Projected Rent: $.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $780.00
  • Unit Actual Rent: $780.00
  • Unit Projected Rent: $.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $755.00
  • Unit Actual Rent: $755.00
  • Unit Projected Rent: $.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $765.00
  • Unit Actual Rent: $765.00
  • Unit Projected Rent: $.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $56,372.00
  • Assessed Improvement Percent: 68.23
  • Assessed Land Value: $26,246.00
  • Assessed Land Percent: 31.77
  • Assessed Total Value: $82,618.00

Property History for 2316 Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2316 Michigan Avenue

Taxable ValueLand$500,000Additions$400,000Total$900,000
Tax Record2023$11,878 ($990 / month)
Home Facts
Total Finished SqFt3,796 SqFtAbove Grade Finished SqFt3,796 SqFtLot Size7,654 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLAR4CountyLOS ANGELESAPN5183-005-023

Schools near 2316 Michigan Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Breed 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

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Similar Sold Homes

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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 LA Citywide Properties, LLC, Judd Matsunaga, DRE #00771301

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.