2522 Michigan Ave, Los Angeles, CA 90033
Sale Price: $1,290,000
Feb 14, 20253,732 sqft8 beds4 baths
Listed by: Jonathan Weir
License #: 02038545
Phone #: 424-405-3855
Marcus & Millichap
Source:
MLS #: 25499895
Property Description
We are 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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$21,219
TurboHome Estimated Value
$1,352,300
$362 sqft
High Valuation
$1,419,915
$380/sqft
Normal Valuation
$1,352,300
$362/sqft
Low Valuation
$1,284,685
$344/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $362/sqft | $1,352,300 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Boyle Heights
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Comparative Value
$1.00M
$1.29M
$1.29M
2819 E 3rd St, Los Angeles, CA 90033
Sale Price: $1,000,000
Selected Comparable
2522 Michigan Ave, Los Angeles, CA 90033
List Price: $1,290,000
Subject Property
2522 Michigan Ave, Los Angeles, CA 90033
Sale Price: $1,290,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT2522 Michigan Ave, Los Angeles, CA 90033
List: $1,290,000
Listed: 2/14/2025
Area:3,732 sqft
Price/sqft:$346
Beds:8
Baths:4
Year Built:—
Lot Size:5,466
Comparable Properties
COMPARABLEChoose comps
2522 Michigan Ave, Los Angeles, CA 90033
Sale: $1,290,000
4/3/2025 • 0.00 mi
Area:3,732 sqft
Price/sqft:$346
Beds:8
Baths:4
Year Built:—
Weight:61.7%
2819 E 3rd St, Los Angeles, CA 90033
Sale: $1,000,000
3/18/2025 • 0.34 mi
Area:3,348 sqft
Price/sqft:$299
Beds:7
Baths:5
Year Built:—
Weight:38.3%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2522 Michigan Ave, Los Angeles, CA 90033 | $1,290,000 | 3,732 | $346 | 5,466 | — | 2/14/2025 | 8 | 4 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2522 Michigan Ave, Los Angeles, CA 90033 | $1,290,000 | 3,732 | $346 | 5,466 | 0.00 mi | 4/3/2025 | 8 | 4 | — | 61.7% | |
| 2819 E 3rd St, Los Angeles, CA 90033 | $1,000,000 | 3,348 | $299 | 6,097 | 0.34 mi | 3/18/2025 | 7 | 5 | — | 38.3% |
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