2014 Michigan Avenue, Los Angeles, CA 90033

About this property

Terrific four-plex, located in a desirable area of Boyle Heights. Walk to all the restaurants and shops on Cesar Chavez Avenue. Impressive unit variety with two 3 bedroom units, 1- one bedroom, and one single. Onsite laundry, and convenient onsite parking. Perfect for investment with a 5% Cap Rate, low expenses, high rental demand area, and two units built in 2012. 2.6 miles to Downtown LA, 1.4 Miles to the Arts District. Revenues at $7872.88/mth starting February 1, 2024, NOI = $4,972.88. 100% tenant occupied- do not disturb occupants or walk on the property without permission. Units will be shown with an accepted offer, drive-by only. Agents read private comments.

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$1,190,000

Sold March 2024 · listed $1,200,000, on market January 2024 · MLS #24349317 · Source: CRMLS

Listing Agent: Christopher Furstenberg · Listing Office: Nourmand & Associates-HW · Contact: 323-462-6262 · Bought with: Mavera Mir · Realty One Group United

$1,049,000

Sold March 2020 · on market October 2019 · MLS #19518464 · Source: CRMLS

Listing Agent: Ardy Ishal · Listing Office: BRC Advisors- BH · Bought with: Elizabeth Clark · Compass

$400,000

Sold March 2013 · listed $464,000, on market January 2013 · MLS #Y1206599 · Source: CRMLS

Listing Agent: Cesar** Arias · Listing Office: Del Sol Investment Group · Contact: 562-861-1303 · Bought with: Cesar** Arias · Del Sol Investment Group

$450,000

Sold November 2012 · listed $465,000, orig. $459,000, on market March 2012 · MLS #Y1201767 · Source: CRMLS

Listing Agent: Cesar** Arias · Listing Office: Del Sol Investment Group · Contact: 562-861-1303 · Bought with: OUT OF AREA ARCADIA · OUT OF AREA OFFICE

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