We are proud to present an exceptional opportunity to acquire a well-maintained, 28-unit apartment complex at 2202 Michigan Avenue. This ±22,154 SF building sits on a ±22,386 SF lot and is situated between N Chicago Street and N Soto Street on Michigan Avenue. This vibrant location positions your investment at the heart of it all. Residents enjoy convenient access to Downtown Los Angeles, the L.A. Live entertainment complex, USC Health Sciences Campus, Dodger Stadium, and much more. Major freeways (10, 5, 60, and 101) are minutes away, along with a vibrant mix of shopping centers, restaurants, museums, and retailers. The property also sits one-block away from highly amenitized retail corridors on Ceasar Chavez Boulevard and Soto Street. This prime location isn’t just about convenience; it’s about capitalizing on a booming market. Los Angeles, the entertainment capital, experiences high demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 2202 Michigan Avenue offers the perfect blend of value and income potential. This well-maintained property features desirable amenities like lush landscaping, controlled entry gate, on-site parking, laundry facilities, pet-friendly dog run, and BBQ communal area. Individual units boast security doors, kitchens with dishwashers and stainless steel appliances, air conditioning, ceiling fans, and vertical blinds. With low vacancy rates and consistent rental income, 2202 Michigan Avenue is a secure long-term investment ideal for any investor seeking a strong return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario.
Property Details
Property Features
Property Information:
Year Built: 1985
Stories: 2
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.51 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Merge onto I-10 W, Exit State Street, Turn left onto N State St, Turn left onto E Cesar E Chavez Ave, Turn right onto N Chicago St, Turn left onto Michigan Ave
Price Information
Listing Price Info
Price Summary:
List Price: $7,650,000
Tax Information:
Annual Amount: $66,146
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $6.6M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24219877
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 28, 2004
Dec 28, 2004Home Sold
$2,300,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$66,146
$5,367,263
2020
$64,208
$5,303,916
2019
$63,756
$5,199,918
2018
$62,353
$5,097,960
2017
$62,353
$4,998,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Breed Street Elementary School
2226 E 3rd St
Distance between this listing and this school0.29 miles
Public District Grades KG-6
6
/10
2nd Street Elementary School
1942 E 2nd St
Distance between this listing and this school0.33 miles
Public District Grades KG-6
4
/10
Sheridan Street Elementary School
416 Cornwell St
Distance between this listing and this school0.36 miles
Public District Grades PK-6
Nearby Schools
3
/10
Extera Public
2226 E 3rd St
Distance between this listing and this school0.29 miles
Public Charter Grades KG-8
5
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.64 miles
Public District Grades 6-8
3
/10
Utah Street School
255 Gabriel Garcia Marquez St
Distance between this listing and this school0.80 miles
Public District Grades KG-8
Nearby Schools
5
/10
Theodore Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.52 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.52 miles
Public Magnet Grades 9-12
2
/10
Boyle Heights Continuation
544 S Mathews St
Distance between this listing and this school0.60 miles
The neighbors living near this home have an average income of $31,029. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2202 Michigan Ave
What is the listing price of this property?
The listing price of 2202 Michigan Ave property is $7,650,000.
What type of property is this?
The property 2202 Michigan Ave is a condo located in Los Angeles, California, 90033.
Is this property for sale now?
Active Listing: 2202 Michigan Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $66,146 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 28, 2004 for $2,300,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 2202 Michigan Ave is 1985.
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This home is located at 2202 Michigan Ave in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This home, which was built in 1985, sits on a 0.51 acre lot. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $7,650,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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