Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    2202 Michigan Avenue, Los Angeles, CA 90033
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    2202 Michigan Avenue
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    • MLS#: PW25053738 ( Commercial/Residential )
    • Street Address: 2202 Michigan Avenue
    • Viewed: 7
    • Price: $7,200,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1985
    • Bldg sqft: 0
    • Days On Market: 47
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90033
    • Provided by: Keller Williams - Santa Monica
    • Contact: Robert Robert
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Michigan Heights Apartments is a well maintained, 28 unit apartment complex located at 2202 2208 Michigan Avenue, in dynamc Boyle Heights, one block from highly amenitized retail corridors on E. Cesar Chavez Avenue and Soto Street. The property is comprised of (25) two bedroom/ one bath units and (3) 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. The property is centrally located just three miles from Downtown Los Angeles and offers easy access to major freeways (I 10, I 5, I 60 & 101), making it a highly desirable rental location for tenants seeking a vibrant neighborhood with exceptional convenience.
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    Features
    Building Area Total
    1. 22124.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 145
    Electric Expense
    1. 11813.00
    Fuel Expense
    1. 11813.00
    Garage Spaces
    1. 20.00
    Gardner Expense
    1. 2400.00
    Insurance Expense
    1. 28000.00
    Laundry Features
    1. Common Area
    Lot Features
    1. 26-30 Units/Acre
    Netoperatingincome
    1. 431637.00
    Newtaxesexpense
    1. 93500.00
    Number Of Separate Electric Meters
    1. 28
    Number Of Separate Gas Meters
    1. 28
    Otherexpense
    1. 8400.00
    Otherexpensedescription
    1. Reserves
    Parcel Number
    1. 5183005051
    Pest Control Expense
    1. 1000.00
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 45963.00
    Property Type
    1. Commercial/Residential
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 433904632:CRM
    Totalexpenses
    1. 247616.00
    Trash Expense
    1. 11813.00
    Water Sewer Expense
    1. 11813.00
    Water Source
    1. Public
    Year Built
    1. 1985
    Year Built Source
    1. Assessor
    Zoning
    1. LARD1.5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836