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2316 Michigan Ave
Los Angeles, CA 90033
Multifamily Property For Sale
·
6 Units


Investment Highlights
- New Exterior Paint
- New Roof
- New Water Heaters
- New Eledtrical
- New Plumbing
- Laundry Room in each Unit
Executive Summary
Six Built One-Bedroom Units | Prime Boyle Heights Investment Excellent opportunity to own six outstanding one-bedroom units in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and most centrally located communities. Just minutes from Downtown Los Angeles, with close proximity to restaurants, shopping, entertainment, and major freeways. All units have some upgrades, with the most critical systems already completed, including new electrical, plumbing, roofing, water heaters, and a brand-new exterior paint job, offering low-maintenance ownership and peace of mind for the next investor. Each spacious one-bedroom unit features: Private in-unit laundry room Two separate entrances (front and rear) Alarm system Direct access to the garage and parking The property includes three two-car garages, providing one garage space per unit plus additional parking. Boyle Heights offers unmatched freeway access via the I-5, I-10, and I-101, allowing residents to reach Downtown Los Angeles and the surrounding areas within minutes. One-bedroom units are highly sought after in this location, supporting strong rental demand. Property also offers future development potential, with the ability to build three ADU (additional units) creates a rare value-add opportunity in a supply-constrained market. Ideal for owner-users, small investors, or those seeking long-term appreciation in a growing Los Angeles neighborhood.
Property Facts
| Price Per Unit | $268,897 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,796 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1941 |
| Apartment Style | Low-Rise | ||
| Zoning | LAR4 - ?? What Can You Build in LAR4? LAR4 allows high-density multi-family residential development, including: Apartment buildings, Condominiums, Multi-unit | ||
| Price Per Unit | $268,897 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,796 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Zoning | LAR4 - ?? What Can You Build in LAR4? LAR4 allows high-density multi-family residential development, including: Apartment buildings, Condominiums, Multi-unit |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Handrails
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
Property Taxes
| Parcel Number | 5183-005-023 | Improvements Assessment | $569,752 CAD |
| Land Assessment | $712,190 CAD | Total Assessment | $1,281,942 CAD |
Property Taxes
Parcel Number
5183-005-023
Land Assessment
$712,190 CAD
Improvements Assessment
$569,752 CAD
Total Assessment
$1,281,942 CAD
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