2221 Michigan Ave, Los Angeles, CA 90033

2221 Michigan Ave presents an exceptional investment opportunity in the heart of Boyle Heights. This well-maintained two-story apartment building, built in 1926, spans 9,229 square feet and features 32 units on a 6,053-square-foot lot. The unit mix includes (24) Bachelors, (6) Studios, and (2) one bedroom + one bathroom units, catering to a diverse tenant base. With 28 UNITS CURRENTLY VACANT, investors can implement a value-add strategy to maximize the property's potential. Targeted renovations of individual units and common areas will allow the asset to command premium market rental rates, accommodating both short-term and long-term tenancy. Participating in programs like Section 8 Housing through HACLA or PATH can further enhance the property's appeal.Located in vibrant Boyle Heights, just west of downtown Los Angeles, 2221 Michigan Ave is ideally situated near renowned schools. It's just 2.5 miles from Cal State LA, 3 miles from the USC Health Sciences Campus, and a 10-15 minute drive from East Los Angeles College, offering convenience for student tenants.