2522 Michigan Avenue, Los Angeles, CA 90033

About this property

We are pleased to present our newest exclusive listing in Boyle Heights (Los Angeles). The property comes with RTI plans to build (2) three-bedroom, two-bathroom ADUs in the rear of the property. The ownership has renovated all the units with new flooring, kitchens, and bathrooms, and each includes an in-unit washer/dryer. Additionally, the building has new vinyl windows. The property is leased to Section 8 tenants and provides strong income for an investor. Once the ADUs are built, the property would operate at a 13.49% CAP RATE and add tremendous value to the property.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,290,000

Sold April 2025 · on market February 2025 · MLS #25499895 · Source: CRMLS

Listing Agent: Jonathan Weir · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Joseph Trujillo · EXP REALTY OF CALIFORNIA INC.

$250,000

Sold June 2017 · orig. $275,000, on market September 2016 · MLS #PW16704615 · Source: CRMLS

Listing Agent: John Risso · Listing Office: Sigma Realty · Contact: 714-422-9814 · Bought with: John Risso · Sigma Realty

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