2103 Michigan Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$705,888
2103 Michigan Avenue, Los Angeles, California 90033
0Bed
0Bath
1,901Sqft
6,554Lot
Year Built
1890
Close
-
List price
$706K
Original List price
$735K
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
CV25123214
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $705.9K(40th), sqft - 1901(47th), beds - undefined(50th), baths - undefined(50th).
Opportunity to own units in the heart of East L.A. Priced for quick sale. Inspection on accepted offer. PLEASE DO NOT disturb tenants.
Price History
Date
Event
Price
11/16/95
Sold
$200,000
Condition Rating
Poor
The property was built in 1890 and the images show significant exterior wear and tear. Given the age and the visible condition, it likely requires substantial repairs and rehabilitation. The description mentions 'priced for quick sale' and 'inspection on accepted offer,' suggesting potential issues.
Pros & Cons
Pros
Investment Opportunity: Property is a duplex, providing immediate rental income potential.
Price Reduction: The property has been reduced in price, indicating a motivated seller and potential for negotiation.
Prime Location: Located in the heart of East L.A., offering access to local amenities and transportation.
Lot Size: The lot size is 6,554 sqft, which provides ample space for potential expansion or development.
Established Neighborhood: Boyle Heights is an established neighborhood with a rich history and community.
Cons
Age of Property: Built in 1890, the property may require significant renovations and upgrades to meet modern standards.
Tenant Occupied: Tenants are currently occupying the property, which may limit access for inspections and renovations, and could present tenant management challenges.
Inspection Contingency: Inspection is only allowed on accepted offer, which means buyer needs to commit before knowing the full condition of the property.