2316 Michigan , Los Angeles, CA 90033
$1,100,000
Est. Payment: $5,535.03/mo
6 Bed
6 Bath
3796 Sqft
Status: active | Days on site: 3
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House Description

Six Built One-Bedroom Units | Prime Boyle Heights Investment. Excellent opportunity to own six outstanding one-bedroom units in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and most centrally located communities. Just minutes from Downtown Los Angeles, with close proximity to restaurants, shopping, entertainment, and major freeways. All units have some upgrades, with the most critical systems already completed, including new electrical, plumbing, roofing, water heaters, and a brand-new exterior paint job, offering low-maintenance ownership and peace of mind for the next investor. Each spacious one-bedroom unit features: a private in-unit laundry room, two separate entrances (front and rear), and direct access to the garage and parking. The property includes three two-car garages, providing one garage space per unit plus additional parking. Boyle Heights offers unmatched freeway access via the I-5, I-10, and I-101, allowing residents to reach Downtown Los Angeles and the surrounding areas within minutes. One-bedroom units are highly sought after in this location, supporting strong rental demand. The property also offers future development potential, with the ability to build three ADUs (additional units), creating a rare value-add opportunity in a supply-constrained market. Ideal for owner-users, small investors, or those seeking long-term appreciation in a growing Los Angeles neighborhood.

Highlights

Listed by Cruz Zavala , 562-682-7005 HomeSmart Realty Group , 562-912-7770. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1941

County

Los Angeles

Area

BOYH - Boyle Heights

Listing ID

PW26159157

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Other:Public

Exterior Features

Lot:6-10 Units/Acre,No Land Lease
Garage Capacity:6
Roof:Shingle
Others:Updated/Remodeled,2+ Total Units
Sewer:Public Sewer
Parking Features:Direct Access,Garage
Principal Interest
$5,535
Taxes
$701

Home Price

$1,100,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$220,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,535.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,535.03 $701.25 $0.00 $6,236.28
Yearly $66,420.31 $8,415.00 $0.00 $74,835.31
Total $1,992,609.40 $252,450.00 $0.00 $2,245,059.40

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Current Listings

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T10:35:52.000Z

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