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2316 Michigan, 
Los Angeles, CA 90033

$1,100,000


Bed


Bath


3,796

Sq Ft


Multi-Family

Active

Listed by

Cruz Zavala

Homesmart Realty Group

562-912-7770

Last updated:

June 4, 2026, 10:41 AM

MLS#

PW26100035

Source:

CRMLS

About This Home

2316 Michigan

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 income, and long-term property value. Buyer to verify all ADU and development possibilities with the City of Los Angeles. Ideal for an investor, owner-user, or long-term hold buyer looking for income, upside, and appreciation in a supply-constrained Los Angeles market. A rare chance to secure a multi-unit asset in a growing neighborhood with strong fundamentals and future potential.

Home Facts

Multi-Family

Built in 1941

Price Summary

1,100,000

$289 per Sq. Ft.

MLS #:

PW26100035

Last Updated:

June 4, 2026, 10:41 AM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

3,796 Sq. Ft.


Structure

Structure

Building Area:

3,796 Sq. Ft.

Year Built:

1941


Lot

Lot Size (Sq. Ft):

7,657


Finances & Disclosures

Finances

Price:

$1,100,000

Price per Sq. Ft:

$289 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Select Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Select Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Contact an Agent

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.