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2221 Michigan Avenue, Los Angeles, CA 90033
Priced at Only: $5,290,000
For more Information Call Mobile: 714.478.6676
Address: 2221 Michigan Avenue, Los Angeles, CA 90033
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2221 Michigan Avenue
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  • MLS#: SR25185844 ( Apartment )
  • Street Address: 2221 Michigan Avenue
  • Viewed: 1
  • Price: $5,290,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90033
  • Provided by: Altman Apartments LLC
  • Contact: Logan Logan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    32 unit property with 8 apartments and 24 singles. All units have their own bathrooms and kitchens. This would be a perfect opportunity for a master lease option or purchase by a program to house their own clients. All units are to be delivered fully renovated and housing ready. A full renovation is underway which includes complete plumbing re pipe, electrical re wire with all brand new equipment and separate metering, mini split HVAC systems, and all new finishes. Finishes are being installed now. There is a basement laundry room and manager's unit. Start from a fresh slate and make this building your own!
Features
Association Fee
  1. 0.00
Building Area Total
  1. 9229.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Construction Materials
  1. Frame
  2. Stucco
Country
  1. US
Electric Expense
  1. 5000.00
Entry Location
  1. Michigan Avenue
Fuel Expense
  1. 5357.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2400.00
Insurance Expense
  1. 20000.00
Laundry Features
  1. Common Area
  2. Community
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. Rectangular Lot
  2. Near Public Transit
Netoperatingincome
  1. 327726.00
Newtaxesexpense
  1. 66125.00
Number Of Separate Electric Meters
  1. 32
Number Wallac
  1. 24
Number Wit Hrefrigerator
  1. 32
Otherexpense
  1. 1800.00
Otherexpensedescription
  1. internet
Parcel Number
  1. 5183003012
Parking Features
  1. None
Pest Control Expense
  1. 1080.00
Pool Features
  1. None
Postalcodeplus4
  1. 2908
Professionalmanagementexpense
  1. 19848.00
Property Type
  1. Apartment
Property Condition
  1. Under Construction
  2. Updated/Remodeled
Road Frontage Type
  1. City Street
Security Features
  1. Closed Circuit Camera(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 445382302:CRM
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Insurance
Totalactualrent
  1. 536160.00
Totalexpenses
  1. 168485.00
Trash Expense
  1. 6600.00
Uncovered Spaces
  1. 0.00
Water Sewer Expense
  1. 12367.00
Water Source
  1. Public
Year Built
  1. 1926
Year Built Source
  1. Assessor
Zoning
  1. LAR4
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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