We are pleased to present our newest exclusive listing in Boyle Heights (Los Angeles). The property comes with RTI plans to build (2) three-bedroom, two-bathroom ADUs in the rear of the property. The ownership has renovated all the units with new flooring, kitchens, and bathrooms, and each includes an in-unit washer/dryer. Additionally, the building has new vinyl windows. The property is leased to Section 8 tenants and provides strong income for an investor. Once the ADUs are built, the property would operate at a 13.49% CAP RATE and add tremendous value to the property.
Sold for $1,290,000
$1,290,000
2522 Michigan Ave, Los Angeles, CA 90033
8beds
4baths
3,732sqft
Multi Family
Built in 1923
-- sqft lot
$1,271,600 Zestimate®
$346/sqft
$2,246 Estimated rent
Home value
$1,271,600
$1.14M - $1.41M
$2,246/mo
Zestimate® history
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$8,286/mo
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List your homeWhat's special
New vinyl windowsNew flooring
Zillow last checked:
Listing updated:
Listed by:
Jonathan Weir DRE # 02038545 707-225-2402,
Marcus & Millichap 424-405-3900
Bought with:
Joseph Trujillo, DRE # 02007156
EXP REALTY OF CALIFORNIA INC.
Source: CLAW,MLS#: 25499895
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall
Cooling
- None
Appliances
- Included: Refrigerator, Range/Oven
Interior area
- Total structure area: 3,732
- Total interior livable area: 3,732 sqft
Property
Parking
- Parking features: None
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 5,466 Square Feet
Details
- Additional structures: None
- Parcel number: 5180007030
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $346/sqft
- Tax assessed value: $1,050,000
- Annual tax amount: $13,335
- Date on market: 2/18/2025
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2025 | Sold | $1,290,000$346/sqft |
Source:  CLAW #25499895 Report a problem | ||
| 4/2/2025 | Pending sale | $1,290,000$346/sqft |
Source: CLAW #25499895 Report a problem | ||
| 3/27/2025 | Contingent | $1,290,000$346/sqft |
Source: CLAW #25499895 Report a problem | ||
| 2/18/2025 | Listed for sale | $1,290,000-13.4%$346/sqft |
Source: CLAW #25499895 Report a problem | ||
| 9/24/2024 | Listing removed | $1,490,000$399/sqft |
Source: CLAW #24-440061 Report a problem | ||
| 9/16/2024 | Listed for sale | $1,490,000+41.9%$399/sqft |
Source: CLAW #24-440061 Report a problem | ||
| 7/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/16/2024 | Listed for rent | $2,950+85%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/2/2023 | Sold | $1,050,000$281/sqft |
Source: Public Record Report a problem | ||
| 7/8/2022 | Sold | $1,050,000+311%$281/sqft |
Source: Public Record Report a problem | ||
| 9/25/2019 | Listing removed | $1,595 |
Source: KRPM Group Report a problem | ||
| 9/18/2019 | Listed for rent | $1,595 |
Source: KRPM Group Report a problem | ||
| 7/25/2018 | Listing removed | $1,595 |
Source: KRPM Group Report a problem | ||
| 6/19/2018 | Listed for rent | $1,595 |
Source: KRPM Group Report a problem | ||
| 6/23/2017 | Sold | $255,500+2.2%$68/sqft |
Source: Public Record Report a problem | ||
| 12/8/2016 | Pending sale | $250,000$67/sqft |
Source: Sigma Realty #PW16704615 Report a problem | ||
| 12/8/2016 | Listed for sale | $250,000-44.4%$67/sqft |
Source: Sigma Realty #PW16704615 Report a problem | ||
| 9/16/2016 | Listing removed | $450,000$121/sqft |
Source: Trevino Properties Inc. #15966015 Report a problem | ||
| 3/10/2016 | Pending sale | $450,000$121/sqft |
Source: Trevino Properties Inc. #15966015 Report a problem | ||
| 12/17/2015 | Listed for sale | $450,000+1.1%$121/sqft |
Source: Trevino Properties Inc. #15966015 Report a problem | ||
| 2/16/2005 | Sold | $445,000+27.2%$119/sqft |
Source: Public Record Report a problem | ||
| 1/7/2004 | Sold | $349,900+41.7%$94/sqft |
Source: Public Record Report a problem | ||
| 12/16/2002 | Sold | $247,000$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,335 +1.5% | $1,071,000 +2% |
| 2024 | $13,144 +0% | $1,050,000 |
| 2023 | $13,141 +6.5% | $1,050,000 +82.2% |
| 2022 | $12,335 +72.5% | $576,348 +2% |
| 2021 | $7,151 -0.9% | $565,048 +1% |
| 2020 | $7,217 | $559,255 +2% |
| 2019 | $7,217 +5.4% | $548,290 +2% |
| 2018 | $6,848 | $537,540 -6.7% |
| 2017 | $6,848 -6% | $576,104 +9.9% |
| 2016 | $7,288 +10.4% | $523,976 +1.5% |
| 2015 | $6,604 +0.7% | $516,106 +2% |
| 2014 | $6,556 | $505,997 +2.5% |
| 2012 | -- | $493,836 +2% |
| 2011 | -- | $484,154 +0.8% |
| 2010 | -- | $480,536 -0.2% |
| 2009 | -- | $481,679 +2% |
| 2008 | -- | $472,236 +2% |
| 2007 | -- | $462,978 +2% |
| 2006 | -- | $453,900 +24.7% |
| 2005 | -- | $364,035 +44.7% |
| 2004 | -- | $251,611 +1.9% |
| 2003 | -- | $247,000 +40.9% |
| 2002 | -- | $175,294 +4% |
| 2000 | -- | $168,490 |
Find assessor info on the county website
Neighborhood: Boyle Heights
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Nearby schools
GreatSchools rating
- 6/10Breed Street Elementary SchoolGrades: K-6Distance: 0.4 mi
- 6/10Hollenbeck Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 0.4 mi
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Estimated market value
$1,271,600
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
$1,271,600
- California
- Los Angeles County
- Los Angeles
- 90033
- Boyle Heights
- 2522 Michigan Ave
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