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2221 Michigan Avenue Los Angeles, CA $ 5,290,000
2221 Michigan Avenue
$ 5,290,000
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2221 Michigan Avenue

Los Angeles, CA, 90033
$ 5,290,000
Baths1.0 Sq 9,229

Monthly Estimate*

$ 33,003

Listed by Altman Apartments LLC
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $5,290,000 with 1 full bath. This 9,229 square foot home was built in 1926 on a lot size of 0.1419.

32-unit property with 8 apartments and 24 singles. All units have their own bathrooms and kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation is underway which includes complete plumbing re-pipe, electrical re-wire with all brand new equipment and separate metering, mini split HVAC systems, and all new finishes. Finishes are being installed now. There is a basement laundry room and manager's unit. Start from a fresh slate and make this building your own!

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Multi-Family Active

Price

$ 5,290,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1419

Year Built

1926

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR25185844

Days on Market

131

Features
General
Sewer Public Sewer
Zoning LAR4
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Closed Circuit Camera(s)
Construction Materials Frame Stucco
Year Built 1926
Tenant Pays Cable TV Electricity Insurance
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 538560
Community Features Street Lights Sidewalks Urban
County Los Angeles
Net Operating Income 327726
Operating Expense 184025
Insurance Expense 20000
New Construction 0
Property Type Residential Income
HOA 0
MaintenanceExpense 24200
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions I-10 exit 1st Street East bound left on Soto Street left on Michigan Avenue
City Los Angeles
Disclosures Familial Relation
Entry Location Michigan Avenue
Senior Community Y/N 0
Open Parking Spaces 0
Number Of Units Total 32
MLS Area BOYH - Boyle Heights
Lot Size Units Square Feet
Lot Size Square Feet 6181
Carport Spaces 0
Number of Units Leased 0
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N 0
Land Lease Y/N 0
Electric Expense 5000
Fuel Expense 5357
Property Condition Updated/Remodeled Under Construction
Trash Expense 6600
Water Sewer Expense 12367
Additional Parcels Y/N 0
Rent Control Y/N 1
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 67
Total Actual Rent 536160
Property Sub Type Additional Apartment
Taxes 66125
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Interior
Total Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features None
Lot Features Near Public Transit Rectangular Lot
Water Source Public
Total Parking 0
Lot Size Area 6181
Number of Buildings 1
Building Area Total 9229
Lot Size Acres 0.1419
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 32
Road Frontage Type City Street
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* Excluded Features
List By
Altman Apartments Llc

Broker

logan@altmanapartments.com

Email

Affordability Calculator

$33,003
Per Month
100%
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Monthly Principal & Interest
$33,003
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$5,290,000 Listed Price

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2221 Michigan Avenue, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $5,290,000 with 9,229 sqft and a lot size of 0.1419. 2221 Michigan Avenue is a studio with 1.0 baths and was built in 1926. The property's zip code is 90033 which is in Los Angeles, CA