2128 Michigan, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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2128 Michigan
Los Angeles, California 90033
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,935Sq Ft
5,596Lot Size
Property Price
LIST PRICE$640,000
EST. MARKET VALUE
$622,656
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $640,000—positioned slightly above the $622,656 Fair Market Value. While the property requires capital for repairs, the Condition Rating of 5 is offset by brand new roofs on both units. The front unit’s vacancy allows for immediate owner-occupancy or market-rate leasing, while the rear unit provides a clear path for value-add renovations. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through active management.
Estimated Market Value
$622,656
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2128 Michigan Subject 0 bd · 0 ba · 1,935 sqft · $322 | $640,000* List Price | 0 | 0 | 1,935 | $322 | - |
A 1411 Mitchell Place Sold 4 bd · 2 ba · 1,811 sqft · $296 · 0.7 mi | $535,750 | 4 | 2 | 1,811 | $296 | 0.7 mi |
B 1411 Mitchell Place Sold 0 bd · 0 ba · 1,811 sqft · $296 · 0.7 mi | $535,750 | 0 | 0 | 1,811 | $296 | 0.7 mi |
C 1945 Sheridan Street Sold 0 bd · 0 ba · 1,566 sqft · $370 · 0.5 mi | $580,000 | 0 | 0 | 1,566 | $370 | 0.5 mi |
D 2500 Ganahl Sold 0 bd · 0 ba · 1,984 sqft · $388 · 0.8 mi | $770,000 | 0 | 0 | 1,984 | $388 | 0.8 mi |
E 2811 -2813 E Boulder Street Sold 0 bd · 0 ba · 2,272 sqft · $317 · 0.7 mi | $721,000 | 0 | 0 | 2,272 | $317 | 0.7 mi |
F 419 N Mott Sold 5 bd · 3 ba · 2,122 sqft · $269 · 0.4 mi | $570,000 | 5 | 3 | 2,122 | $269 | 0.4 mi |
G 2482 Pomeroy Ave Sold 4 bd · 1 ba · 1,848 sqft · $354 · 0.8 mi | $655,000 | 4 | 1 | 1,848 | $354 | 0.8 mi |
H 422 N Mott Street Active 0 bd · 0 ba · 1,900 sqft · $355 · 0.5 mi | $675,000 List Price | 0 | 0 | 1,900 | $355 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1935 (89 years old), this property is marketed as a 'value-add' opportunity and sold 'as-is.' While the roofs are new, the rear unit requires significant repairs and updating, and the overall age indicates that interior systems and finishes likely require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Owner-User Flexibility
The front unit will be delivered vacant, providing an ideal opportunity for an owner-occupant to move in immediately or for an investor to lease at current market rates.
- Recent Capital Improvements
Both units feature brand new roofs, significantly reducing immediate maintenance concerns and protecting the long-term integrity of the investment.
- Value-Add Potential
The rear unit requires repairs and updating, offering a clear path for investors to build equity and increase the property's overall valuation through strategic improvements.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The rear unit is in need of significant repairs and updating, requiring the buyer to have additional capital and resources available post-closing.
- As-Is Sale Constraints
The property is sold in its present condition with existing tenancies, meaning the buyer assumes all responsibility for repairs and management of the current tenant.
About 2128 Michigan
Great investment opportunity with this duplex offering flexibility for both investors and owner-occupants! Each unit is a roomy 2 bedroom and 1 bath. The front unit is in good condition and will be delivered vacant at the close of escrow, providing the new owner the opportunity to move in and update to their taste, or lease at current market rent. The rear unit is tenant-occupied and will be delivered with the existing tenant in place. The unit is in need of repairs and updating, offering and excellent value-add opportunity for investors looking to improve the property over time. With two separate units both with brand new roofs and plenty of potential, the opportunity is ideal for a buyer looking to build equity, generate rental income or create a long term investment.The property is being sold in its as is present condition, tenancy and all other aspects of the property.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1935
- Lot Size
- 5,596 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,935 | 2,090.331 |
| Lot Size | 5,596 | 5,852.908 |
| Price | $640.0K | $830.9K |
| Price per sq ft | $331 | $394 |
| Built year | 1935 | 1928 |
| HOA | $0 | $0 |
| Days on market | 35 | 87 |
Pricing History
Listed for Sale
Oct 5, 2026
$640,000
Initial Listing