Michigan Heights

Property Information

Property Financials

Property Description

One of the highest cash-flowing, post-1980 apartment opportunities currently available in Los Angeles

Michigan Heights Apartments is a well-maintained, 28-unit apartment complex located at 2202-2208 Michigan Avenue, in dynamic Boyle Heights, one block from amenity-rich retail corridors on E. Cesar Chavez Avenue and Soto Street.
The property comprises (24) two-bedroom/one bath units and (4) studio units. Units are bright with hardwood floors throughout, stainless steel appliances, and modern kitchens and bathrooms.
Appealing features include attractive landscaping, secure
gated access, on-site laundry facilities, designated parking, and community BBQ areas.
Approximately $500K has been invested in capital improvements including new windows, upgraded electrical systems, new roofing on half of the building, and interior renovations.
Michigan Heights is well-located in one of LA’s most unique and vibrant communities. Known for its deep cultural roots, Boyle Heights has received increased attention in recent years for its Michelin-recognized chefs, celebrated eateries, and a thriving artistic community.

Highlights

  • Priced at 9.99 GRM on Current Rents
  • Built in 1985 – Not Subject to Los Angeles Rent Control or Soft Story Seismic Requirements
  • ±$500,000 Spent on Capital Improvements
  • Attractive Unit Mix with ±86% 2-Bedroom Units
  • Strong ADU Potential with Garage Conversions
  • Dynamic Up-and-Coming Boyle Heights Location
  • One Block from Highly-Amenitized Retail Corridors on E. Cesar Chavez Avenue and Soto Street

Ask Our Experts

Get comparable sales, submarket trends, and exclusive market insights from our team

Property Gallery

Browse other properties

Long Beach

9 Units

Price: $3,125,000

Los Angeles

4 Units

Price: $895,000

Long Beach

11 Units

Price: $2,530,000

Recent Transactions

Successful 1031 Exchanges & Multifamily Sales

Portfolio optimization across Long Beach, Los Angeles, Santa Monica, and beyond.

Ready to Make Your Move?

Whether you’re exploring an exchange, comparing markets, or evaluating an acquisition, we have the market data and expertise to help you move forward with confidence. Get personalized insights from our team of Long Beach and Southern California specialists.

Get an Estimate for Your Property

Request More Information About This Property