2316 Michigan, Los Angeles, CA 90033

• 4 beds |
• 4 baths

Property Description

Excellent opportunity to own a six-unit income property in prime Boyle Heights, just west of Soto Street and minutes from Downtown Los Angeles. This property features six built one-bedroom units on a 7,656 sq. ft. lot, offering strong rental appeal in one of Los Angeles most central and high-demand rental markets. Each unit offers a practical and desirable layout with a private in-unit laundry room, front and rear entrances, an alarm system, and direct access to garage/parking areas. The property includes three two-car garages, providing one garage space per unit plus additional parking a rare and valuable feature for tenants in this area. Major improvements have already been completed, including updated electrical, plumbing, roofing, water heaters, and fresh exterior paint, giving the next owner reduced maintenance concerns and a stronger foundation for long-term ownership. These completed upgrades make the property especially attractive for investors seeking a more stable asset with essential systems already addressed. Located in the heart of Boyle Heights, residents enjoy quick access to Downtown Los Angeles, restaurants, shops, entertainment, public transportation, and major freeways, including the 5, 10, and 101. The central location supports consistent tenant demand, especially for one-bedroom units, which remain highly desirable for renters seeking affordability, convenience, and proximity to Downtown LA. This property also offers meaningful value-add potential, including the possibility of adding up to three ADUs, allowing an investor to increase unit count, rental

Listing Status:

Active

Date Added:

May 7, 2026

Data Last Updated:

May 20, 2026 at 7:11AM

Listing Office:

HomeSmart Realty Group : 562-912-7770

Listing Agent:

Cruz Zavala : 562-682-7005

MLS ID:

PW26100035

Exterior

• Pool: N/K

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor5183005023

Financial

• Source: California Regional MLS