2103 Michigan Ave, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Value-Add Duplex Asset presents a strategic acquisition in Boyle Heights, currently listed at $745,000 relative to a $651,424 Fair Market Value. With a Condition Rating of 5, the 1890-built property requires substantial updates to core systems, offering a clear path for forced appreciation through comprehensive renovation. The expansive 6,552 sqft lot provides ample space for ADU development, significantly increasing the potential yield. Located minutes from the Arts District, this high-density property is an ideal project for Buy-and-Hold Investors or Contractors looking to capitalize on high rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2103 Michigan Ave Subject | $745,000* List Price | 0 | 0 | 1,901 | $343 | - |
A 2627 Pomeroy Avenue Sold | $587,000 | 0 | 0 | 1,544 | $380 | 0.9 mi |
B 917 N Mott St Sold | $685,000 | 0 | 0 | 2,156 | $318 | 0.7 mi |
C 2732 Malabar Street Sold | $678,800 | 0 | 0 | 2,272 | $299 | 0.6 mi |
D 422 N Mott Street Active | $655,000 List Price | 0 | 0 | 1,900 | $345 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1890, this property shows significant signs of age and deferred maintenance. Exterior images reveal peeling paint on trim and a cluttered yard, while the listing details highlight that core systems likely require substantial updates to meet modern building codes. The absence of interior photos typically indicates that the kitchen, bathrooms, and flooring are in outdated or distressed condition, requiring major rehabilitation.
As a duplex, this property offers dual rental streams or an owner-user opportunity to significantly offset mortgage costs with a tenant.
The generous 6,552 sqft lot provides ample space for potential ADU (Accessory Dwelling Unit) additions or outdoor improvements to increase overall property value.
Situated in the 90033 zip code, the property boasts close proximity to Downtown Los Angeles and the Arts District, ensuring consistently high rental demand.
The 1890 construction date suggests that core systems such as plumbing, electrical, and foundation may require substantial updates to meet modern building codes.
Given the age and price point, buyers should anticipate the need for structural repairs or cosmetic renovations to achieve market-rate rents.
Located in a high-density area of Boyle Heights, the property may face challenges related to limited street parking and noise typical of historic urban neighborhoods.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,901 | 2,156 | 45% |
| Lot Size | 6,552 | 5,849 | 64% |
| Price | $745.0K | $745.0K | 50% |
| Price per sq ft | $392 | $392 | 50% |
| Built year | 1890 | 1924 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 204 | 18% |
Feb 11, 2026
$745,000
Initial Listing
Nov 16, 1995
$200,000
Public Record