Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

3,796 sqft

Lot size

7,656 sqft

Year built

1941

Stories

2

Garage spaces

6

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

245574846

About this property

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: a private in-unit laundry room, two separate entrances (front and rear), and 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. The property also offers future development potential, with the ability to build three ADUs (additional units), creating 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.

Location

2316 Michigan

Los Angeles, Los Angeles, CA, 90033