Gentrifying location in arguably the best part of Boyle Heights, Excellent Unit Mix, Laundry Onsite, Parking Onsite. Ideal for Investment - 5.5% Cap Rate! 7.2% Proforma Cap Rate! 10.2% cash on cash return with an I/O loan at 3.5% interest rate. Also ideal for Owner-User - the 3 br/2 bath unit can be delivered vacant! Eligible for 30-year fixed FHA financing!, **2 of the units built ~2012 not subject to rent increase limitations. Minimal Expense Property!
Sold for $1,190,000
$1,190,000
2014 Michigan Ave, Los Angeles, CA 90033
7beds
5baths
3,643sqft
MultiFamily
Built in 2012
-- sqft lot
$1,157,200 Zestimate®
$327/sqft
$2,689 Estimated rent
Home value
$1,157,200
$1.04M - $1.26M
$2,689/mo
Zestimate® history
Owner options
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$2,689/mo
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$7,510/mo
Est. payment
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Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Forced air, Other
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 3,643 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off-street
Lot
- Size: 7,413 Square Feet
Details
- Additional structures: Other
- Parcel number: 5183007026
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 2012
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $1,213,800
- Annual tax amount: $15,057
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2024 | Sold | $1,190,000-0.8%$327/sqft |
Source: Public Record Report a problem | ||
| 3/15/2024 | Pending sale | $1,200,000$329/sqft |
Source: | ||
| 2/14/2024 | Contingent | $1,200,000$329/sqft |
Source: | ||
| 1/25/2024 | Listed for sale | $1,200,000+14.4%$329/sqft |
Source: | ||
| 3/6/2020 | Sold | $1,049,000$288/sqft |
Source: Public Record Report a problem | ||
| 11/26/2019 | Pending sale | $1,049,000$288/sqft |
Source: BRC Advisors- BH #19518464 Report a problem | ||
| 10/7/2019 | Price change | $1,049,000-2.8%$288/sqft |
Source: BRC Advisors- BH #19518464 Report a problem | ||
| 8/19/2019 | Price change | $1,079,000-1.9%$296/sqft |
Source: Matthews Real Estate Investment Services #19-501368 Report a problem | ||
| 7/1/2019 | Listed for sale | $1,100,000+4.9%$302/sqft |
Source: Matthews Real Estate Investment Services #19-484030 Report a problem | ||
| 5/28/2019 | Listing removed | $1,049,000$288/sqft |
Source: BRC Advisors- BH #19461306 Report a problem | ||
| 5/7/2019 | Price change | $1,049,000-14.4%$288/sqft |
Source: BRC Advisors- BH #19461306 Report a problem | ||
| 5/1/2019 | Listed for sale | $1,225,000+33.9%$336/sqft |
Source: BRC Advisors- BH #19461306 Report a problem | ||
| 11/6/2018 | Listing removed | $1,200 |
Source: Zillow Rental Manager Report a problem | ||
| 10/30/2018 | Listed for rent | $1,200+9.1% |
Source: Zillow Rental Manager Report a problem | ||
| 10/5/2017 | Listing removed | $1,100 |
Source: Zillow Rental Manager Report a problem | ||
| 10/4/2017 | Price change | $1,100-12% |
Source: Zillow Rental Manager Report a problem | ||
| 8/30/2017 | Listed for rent | $1,250-16.7% |
Source: Zillow Rental Manager Report a problem | ||
| 5/26/2016 | Listing removed | $915,000$251/sqft |
Source: BRC Advisors #16979781 Report a problem | ||
| 4/12/2016 | Price change | $915,000+1.8%$251/sqft |
Source: BRC Advisors #16979781 Report a problem | ||
| 2/9/2016 | Listed for sale | $899,000+124.7%$247/sqft |
Source: BRC Advisors #16979781 Report a problem | ||
| 12/11/2014 | Listing removed | $1,500 |
Source: Owner Report a problem | ||
| 11/10/2014 | Listed for rent | $1,500 |
Source: Owner Report a problem | ||
| 3/14/2013 | Sold | $400,004-13.8%$110/sqft |
Source: Public Record Report a problem | ||
| 2/9/2013 | Listed for sale | $464,000+42.8%$127/sqft |
Source: Del Sol Investment Group #Y1206599 Report a problem | ||
| 4/19/2010 | Sold | $325,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,057 +6.9% | $1,213,800 +7.9% |
| 2024 | $14,085 +1.9% | $1,124,737 +2% |
| 2023 | $13,818 +4.8% | $1,102,684 +2% |
| 2022 | $13,185 +1.3% | $1,081,064 +2% |
| 2021 | $13,018 +118.3% | $1,059,867 +135.3% |
| 2020 | $5,963 | $450,387 +2% |
| 2019 | $5,963 +6.7% | $441,557 +2% |
| 2018 | $5,589 | $432,900 +2% |
| 2017 | $5,589 +2.2% | $424,413 +2% |
| 2016 | $5,471 +2.8% | $416,092 +1.5% |
| 2015 | $5,323 +0.6% | $409,843 +2% |
| 2014 | $5,291 | $401,815 +20.3% |
| 2012 | -- | $333,995 +2% |
| 2011 | -- | $327,447 +1.3% |
| 2010 | -- | $323,333 -0.2% |
| 2009 | -- | $324,102 +2% |
| 2008 | -- | $317,748 +2% |
| 2007 | -- | $311,518 +2% |
| 2006 | -- | $305,411 |
| 2005 | -- | $305,411 +4% |
| 2004 | -- | $293,554 +1.9% |
| 2003 | -- | $288,175 +33.5% |
| 2002 | -- | $215,907 +4% |
| 2000 | -- | $207,525 |
Find assessor info on the county website
Neighborhood: Boyle Heights
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Nearby schools
GreatSchools rating
- 6/10Second Street Elementary SchoolGrades: K-6Distance: 0.3 mi
- 6/10Hollenbeck Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 0.5 mi
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Estimated market value
$1,157,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,157,200
- California
- Los Angeles County
- Los Angeles
- 90033
- Boyle Heights
- 2014 Michigan Ave