4011 Michigan Ave is a value-add duplex in the unincorporated area of Boyle Heights. Constructed in 1925 and sitting on a 5,255 Sq Ft Lot Zoned LCR2. Property consists of (1) 3 bed / 1 Bath and (1) 1 Bed units totalling 1,463 SF. This investment has a tremendous amount of potential and upside with a 9.13 Market GRM & a 7.94% Market CAP. There is ample parking space inside the property with a nice backyard view overlooking City Terrace. Both units are separately metered for gas and electricity. The one bedroom unit is currently a few months behind. With some vision and renovation efforts, there is tremendous potential to increase the property's value significantly. Whether you're looking to modernize the interiors or enhance curb appeal, the possibilities are endless. Property will be sold as is.
Sold for $785,000
Zillow last checked:
Listing updated:
Bought with:
Evelyn Baez Gonzalez, DRE #02103055
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB23220585
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 9/4/2024 | Sold | $785,000+2.1%$537/sqft |
Source: Public Record Report a problem | ||
| 8/5/2024 | Contingent | $769,000$526/sqft |
Source:  CLAW #24-419103 Report a problem | ||
| 8/3/2024 | Listing removed | -- |
Source: CLAW #24-419103 Report a problem | ||
| 7/24/2024 | Listed for sale | $769,000+50.8%$526/sqft |
Source: CLAW #24-419103 Report a problem | ||
| 1/30/2024 | Sold | $510,000-15%$349/sqft |
Source:  CRMLS #SB23220585 Report a problem | ||
| 1/29/2024 | Pending sale | $600,000$410/sqft |
Source: CRMLS #SB23220585 Report a problem | ||
| 12/4/2023 | Listed for sale | $600,000$410/sqft |
Source: CRMLS #SB23220585 Report a problem | ||
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Estimated market value
$835,400
