1515 Michigan Avenue

Los Angeles, CA 90033

$1,500,000
Price
3
Beds
4
Baths
2,458 Sq. Ft.
$610 / Sq. Ft.
2,458
Sq. Ft.
$610
per Sq. Ft.

Description

Great investment opportunity on a quadruplex in the heart of Los Angeles (Boyle Heights area). There is one building with one unit has 1bed/1bath and common wall with a studio with full kitchen and full bath. There is a separate detached 2 story building with one 1st floor unit 1bed/1bath and 2nd floor unit 1 bed/1bath. There is also a one detached one car garage with a long drive way. Each unit has it's own separate address, and separate meter. Property is located within walking distance to bus...Great investment opportunity on a quadruplex in the heart of Los Angeles (Boyle Heights area). There is one building with one unit has 1bed/1bath and common wall with a studio with full kitchen and full bath. There is a separate detached 2 story building with one 1st floor unit 1bed/1bath and 2nd floor unit 1 bed/1bath. There is also a one detached one car garage with a long drive way. Each unit has it's own separate address, and separate meter. Property is located within walking distance to bus stops, schools, stores, and easily accessible to freeways.
  1. Listed by Eusebio Garza • DRE #01848061 • Brokerage DRE #01527423 • Jason Mitchell Real Estate Ca • 949-491-2665

Property Details for 1515 Michigan Avenue

View
Neighborhood
Parking Spaces Total
1
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2458
LISTING UPDATED: 08/25/2024 11:38 PM

Property Details for 1515 Michigan Avenue

StatusActive
MLS #DW24176171
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.16 AC / 6,846 SF
CountyLos Angeles County

Building Information for 1515 Michigan Avenue

Stories2Residences-Year Built1913Building Size-Lot Size0.16 AC / 6,846 SF

Property Information for 1515 Michigan Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $4,435
  • Gross Operating Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: S
  • Tax Tract Number: 203500
  • Tax Census Tract: 2035.00
  • CFD/Mello-Roos Fee: $550
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage Faces Side
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,120
  • Unit Type Total Rent: $1,120
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,120
  • Unit Type Total Rent: $1,120
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 1515 Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1515 Michigan Avenue

Taxable ValueLand$128,526Additions$129,026Total$257,552
Tax Record2024$3,640 ($303 / month)
Home Facts
Total Finished SqFt2,458 SqFtAbove Grade Finished SqFt2,458 SqFtLot Size6,844 SqFtStyleQuadraplexYear Built1913ZoningLARD1.5CountyLOS ANGELESAPN5174-021-002

Schools near 1515 Michigan Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bridge Street Elementary School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1515 Michigan Avenue is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on August 23, 2024 by Jason Mitchell Real Estate Ca, it's currently listed at $1,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Bridge Street Elementary School, Hollenbeck Middle School and Theodore Roosevelt Senior High. 1515 Michigan Avenue is a 3-bed, 4-bath, 2,458 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jason Mitchell Real Estate Ca, Eusebio Garza, DRE #01848061

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.