Property details
Propery Type:
Apartments
Address:
2522 Michigan Ave Los Angeles, CA 90033
Offering Price:
$1,290,000
Units:
4
Cap Rate:
7.40%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

The Weir Group is 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.

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

2522 Michigan Ave

Los Angeles, CA
90033
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