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2202 2208 Michigan Avenue Los Angeles, CA $ 7,400,000
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$ 7,400,000 Get more info
2202 2208 Michigan Avenue
$ 7,400,000
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2202 2208 Michigan Avenue

Los Angeles, CA, 90033
$ 7,400,000
Baths1.0 Sq 22,124

Monthly Estimate*

$ 46,724

Listed by Keller Williams Realty Downey
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $7,400,000 with 1 full bath. This 22,124 square foot home was built in 1985 on a lot size of 0.5141.

Michigan Heights Apartments is a well-maintained, 28-unit apartment complex located at 2202-2208 Michigan Avenue, in dynamic Boyle Heights, one block from amenity-rich retail corridors on E. Cesar Chavez Avenue and Soto Street. The property comprises (24) two-bedroom/one bath units and (4) studio units. Units are bright with hardwood floors throughout, stainless steel appliances, and modern kitchens and bathrooms. Appealing features include attractive landscaping, secure gated access, on-site laundry facilities, designated parking, and community BBQ areas. Approximately $500K has been invested in capital improvements including new windows, upgraded electrical systems, new roofing on half of the building, and interior renovations. Michigan Heights is well-located in one of LA's most unique and vibrant communities. Known for its deep cultural roots, Boyle Heights has received increased attention in recent years for its Michelin-recognized chefs, celebrated eateries, and a thriving artistic community.

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Multi-Family Active

Price

$ 7,400,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.5141

Year Built

1985

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW26182167

Days on Market

3
Features
General
Sewer Public Sewer
Zoning LARD1.5
Garage Spaces 20
Pool Features None
Year Built 1985
Property Subtype Mixed Use
Gross Income 718214
Community Features Sidewalks
County Los Angeles
Net Operating Income 464417
Operating Expense 253796
Insurance Expense 28000
New Construction false
Property Type Residential Income
MaintenanceExpense 19600
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Michigan Ave
City Los Angeles
Entry Location 2
Senior Community Y/N false
Number Of Units Total 28
MLS Area BOYH - Boyle Heights
Lot Size Units Square Feet
Lot Size Square Feet 22393
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 11813
Fuel Expense 11813
Trash Expense 11813
Water Sewer Expense 11813
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 63
Property Sub Type Additional Mixed Use
Taxes 91433
Cap Rate 6.28
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Interior
Total Stories 3
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 26-30 Units/Acre
Water Source Public
Total Parking 20
Lot Size Area 22393
Number of Buildings 2
Building Area Total 22124
Lot Size Acres 0.5141
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 28
Number of Separate Gas Meters 28
Number of Separate Electric Meters 28
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* Excluded Features
List By
Keller Williams Realty Downey

Broker

rstepp@steppcommercial.com

Email

Affordability Calculator

$46,724
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Monthly Principal & Interest
$46,724
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Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/20/2026$7,400,000 Listed Price

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2202 2208 Michigan Avenue, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $7,400,000 with 22,124 sqft and a lot size of 0.5141. 2202 2208 Michigan Avenue is a studio with 1.0 baths and was built in 1985. The property's zip code is 90033 which is in Los Angeles, CA

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