We are pleased to present our latest multifamily investment opportunity, The Michigan Heights Apartments located at 2202 & 2208 Michigan Avenue in Boyle Heights. This 28-unit property is situated on a spacious 22,386 square foot lot, and boasts a projected rental upside of about 33% +/- for it's new owner and has attractive, assumable debt available! The units are large, well laid out and consist of an outstanding unit mix of Twenty Five 2 Bed / 1 Bath units and Three Studio units. The property is individually metered for gas and electricity, and features many amenities that tenants enjoy - there is onsite parking available, laundry facilities (leased), as well as a small picnic area for tenants to have a cookout and relax. Many units have been upgraded, but there is still room for upside via bringing rents up to market. There are also still opportunities for a new owner to create their own value-add by putting the last finishing touches on some units. The Michigan Heights Apartments are situated in the culturally rich Boyle Heights community, and the historic Mariacha Plaza is nearby. The area is eagerly awaiting several exciting new redevelopment projects, and Boyle Heights is terrifically positioned just outside of Downtown, with access to many other convenient transit options with access to all of Los Angeles.

The manager has listed the unit size as 22124 square feet.