2316 Michigan

About this home

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.