2731 Michigan, Los Angeles, California 90033, Los Angeles, 90033 - 4 bed, 2 bath
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2731 Michigan
Los Angeles, California 90033
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,200Sq Ft
5,400Lot Size
Property Price
LIST PRICE$739,900
EST. MARKET VALUE
$781,162
5% BelowMARKET VALUE
SUMMARY
This Turnkey Multi-Unit Property represents a Strong Value Opportunity, listed at $739,900—positioned well below the $781,162 Fair Market Value by 5%. This valuation gap offers $41,262 in Instant Equity. Featuring a Mint Condition Rating with a remodeled main house and a separate rear unit, the property offers flexible living arrangements and impressive City Light Views. This asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset their mortgage through multi-generational living.
Estimated Market Value
$781,162+$41,262 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2731 Michigan Subject 4 bd · 2 ba · 1,200 sqft · $651 | $739,900* List Price | 4 | 2 | 1,200 | $651 | - |
A 2811 Winter Sold 3 bd · 1 ba · 1,302 sqft · $568 · 0.4 mi | $740,000 | 3 | 1 | 1,302 | $568 | 0.4 mi |
B 2052 Sheridan Sold 4 bd · 2 ba · 1,344 sqft · $565 · 0.7 mi | $760,000 | 4 | 2 | 1,344 | $565 | 0.7 mi |
C 1140 N Evergreen Avenue Sold 2 bd · 2 ba · 1,122 sqft · $775 · 0.8 mi | $870,000 | 2 | 2 | 1,122 | $775 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has been recently and beautifully remodeled, featuring a modern kitchen with white shaker cabinets, updated flooring throughout, and fresh paint. The renovation appears to be less than 5 years old, putting it in mint, move-in ready condition despite the 1964 build date.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Living Arrangements
The property features a main 3-bedroom house plus a separate rear unit with its own kitchen and bathroom, providing excellent potential for multi-generational living or rental income.
- Turnkey Remodeled Condition
The home has been beautifully remodeled, offering a modern aesthetic and updated finishes that allow for an immediate move-in without the need for additional renovation costs.
- Expansive Lot and Views
Situated on a generous 5,400 sqft lot, the property offers a large yard and impressive city light views, which are highly desirable features in the Boyle Heights market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2026-01-27. The sold price is $500,000.00. The property was recently sold within the past year on 2025-11-03. The sold price is $325,000.00.
- Limited Interior Square Footage
With only 1,200 square feet distributed across four bedrooms and two separate living units, the individual rooms and common areas may feel significantly cramped.
About 2731 Michigan
Beautifully remodeled property featuring 3 Bedrooms and 1 Bathroom in the main house, plus ADU an additional bedroom, kitchen and bathroom at the rear of the property. This property offers flexible living arrangements, ideal for extended family or guests. Large yard with great city views. Don't miss this great opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,200 | 1,670.836 |
| Lot Size | 5,400 | 6,152.156 |
| Price | $739.9K | $1.34M |
| Price per sq ft | $617 | $807 |
| Built year | 1964 | 1941 |
| HOA | $0 | $238 |
| Days on market | 16 | 56 |
Pricing History
Listed for Sale
Oct 25, 2026
$739,900
$729,900
+1% Price Increase
Initial Listing
Price Change
Oct 24, 2026
$729,900
Initial Listing
Sold
Jan 27, 2026
$500,000
Public Record
Sold
Nov 3, 2025
$325,000
Public Record