SOLD
$510,000
Date 01/30/2024

4011 Michigan Avenue
Los Angeles, CA 90063

Duplex
Residence
1,463
Sqft
0.1206
Lot Size
Listing Agent: Evelyn Baez Gonzalez CalDRE: 02103055 - Lyon Stahl Investment Real Estate, Inc., 951-902-3006
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.
SB23220585
Duplex, Bungalow, 1 Story
Los Angeles
1925
0.1206 Acres
Public
1
Public Sewer
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Listing Agent: Evelyn Baez Gonzalez CalDRE: 02103055 - Lyon Stahl Investment Real Estate, Inc., 951-902-3006
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