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Boyle Heights Six-Unit Investment Opportunity
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2316 Michigan, Los Angeles, CA 90033

Six upgraded one-bedroom units in prime Boyle Heights location.

Property SizeContact for details
Days on Market227

Property Features for 2316 Michigan

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Building Details

Buildings 2
Stories 2
Units 6
Listing Agency: Home Smart Realty Group
Listed By: Cruz Zavala · License #01240727
Source: Crexi
Added: Dec 29, 2025 Changed: Aug 8 Last Checked: Jul 22 at 12:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Smart Realty Group

Investment Insights

Based on property information with market context.

This property features six one-bedroom units located in Boyle Heights, a centrally located and rapidly growing community of Los Angeles. The property is situated minutes from Downtown Los Angeles, with convenient access to restaurants, shopping, entertainment, and major freeways. The units have been upgraded, with new electrical, plumbing, roofing, and water heaters. A new exterior paint job has also been completed. Each unit includes a private in-unit laundry room, two separate entrances (front and rear), an alarm system, and direct access to the garage and parking. The property includes three two-car garages, providing one garage space per unit, plus additional parking. Freeway access is available via the I-5, I-10, and I-101, providing access to Downtown Los Angeles and surrounding areas. The property offers future development potential with the ability to build three ADU (additional units). One-bedroom units are highly sought after in this location, supporting strong rental demand. This property is suited for owner-users, small investors, or those seeking long-term appreciation in a growing Los Angeles neighborhood.

Key Highlights

  • Six one‑bedroom units in a prime Boyle Heights location.
  • Significant upgrades completed: new electrical, plumbing, roofing, water heaters, and exterior paint.
  • Each unit features private in‑unit laundry, two entrances, alarm system, and direct garage access.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,461
Businesses Nearby

Demographics for 90033, CA

46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six upgraded one-bedroom units in prime Boyle Heights location.
Where is this apartment building located?
The property is located at 2316 Michigan Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six one‑bedroom units in a prime Boyle Heights location.; Significant upgrades completed: new electrical, plumbing, roofing, water heaters, and exterior paint.; Each unit features private in‑unit laundry, two entrances, alarm system, and direct garage access.
(562) 682-7005 Call to check price and availability
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