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Apartment Building with Studio Units
For Sale
Contact for pricing
Pending

2503 Michigan Ave, Los Angeles, CA 90033

The property combines an apartment building, two single-family residences, and converted studio space.

Property SizeContact for details
Days on Market146

Property Features for 2503 Michigan Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 16

Building Details

Buildings 3
Listing Agency: Realty One Group United
Listed By: Alex Sanchez · License #01734841
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 2 at 12:19PM

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 Realty One Group United

Investment Insights

Based on property information with market context.

This multifamily property includes an 8-unit building alongside two large single-family residences. One of the residences has been reconfigured into 7 individual studio units, creating a varied residential layout within the asset.

The property is located at 2503 Michigan Ave in Los Angeles, California 90033. The combination of apartment, single-family, and studio configurations provides a distinct unit mix for review by prospective buyers.

Key Highlights

  • 8‑unit apartment building
  • Two large single‑family residences
  • One single‑family residence converted into 7 individual studios

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,876
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property combines an apartment building, two single-family residences, and converted studio space.
Where is this apartment building located?
The property is located at 2503 Michigan Ave Los Angeles, CA.
What are key features of this property?
This property features: 8‑unit apartment building; Two large single‑family residences; One single‑family residence converted into 7 individual studios
(562) 239-8819 Call to check price and availability
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