Listings / 2014 MICHIGAN AVE

2014 MICHIGAN AVE 2014 Michigan Ave, Los Angeles, CA 90033

Price $1,079,000

Cap Rate 4.14%

GRM 15.83

Price Per SF $296

Year Built 1890 / 2012

Status available

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Broker of Record
Kyle Matthews
License No. 1972189
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
310 919 5757

PROPERTY OVERVIEW:

Michigan Avenue offers an investor a unique opportunity to own four (4) units in a prime pocket of the heavily sought-after Boyle Heights.  The property is located near Highway 10 and the Metro – Mariachi Plaza/Boyle Heights Station (Gold Line), offering current and future tenants’ easy access to Downtown Los Angeles, the Arts District and Highland Park.  Additionally, for local amenities, 2014 Michigan Avenue is steps to the bustling nightlife of 1st Street, shops on Cesar E Chavez and Hollenbeck Park – truly the heart of the gentrifying Boyle Heights neighborhood in Los Angeles.

FINANCING / STRONG CASH FLOW:

As far as financing is concerned, we are able to provide you with fantastic terms from a well-known lender that will offer a buyer 35% Down Payment, Interest Only Payments for five (5) years, that would allow a buyer to enjoy nearly 6% cash on cash return on current rents.  This immediate return in cash flow, plus over 35% upside potential in future rents make this a perfect investment opportunity for any buyer looking to build his or her portfolio in this strong rental market of Boyle Heights.

PROPERTY HIGHLIGHTS: