NOT LISTED FOR SALE

2118 Michigan Ave Los Angeles, CA 90033

Estimated Value: $706,000 - $852,000

2 Beds
3 Baths
1,475 Sq Ft
$527/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $640,000 $434 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,896/month

21 Days on Market

About This Home

As of January 2022

2118 Michigan Ave is a 3 unit apartment building in East Los Angeles, built in 1930, is a 1,475 square foot building with two (2) one-bedroom, one-bathroom and one (1) studio units. The building also features 5 parking stalls in the rear of the building. A one-bedroom will be delivered vacant.

Last Agent to Sell the Property

Charles Wright

Matthews Real Estate Investment Services License #01985584 Listed on: 10/22/2021

Last Buyer's Agent

Charles Wright

Matthews Real Estate Investment Services License #01985584 Listed on: 10/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,339

Year Built

  • Built in 1930

Lot Details

  • 4,972 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • 1,475 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5183-006-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,339

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1475
  • Lot Acreage: 0.1141
  • Probate: No
  • Year Built: 1930
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 416.95

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 5

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 51.53
  • Assessed Improvement Value: 29646
  • Assessed Land Percent: 48.47
  • Assessed Land Value: 27887
  • Total Assessed Value: 57533
  • Assessor Parcel Number: 5183-006-010
  • Lot Size Area: 4972

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.96
  • Number Of Units: 3
  • Total Annual Expense: 14492
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
2118 Michigan Avenue Llc
Bought by
Chu Ma Suh and Chu Woo Yeun
Current Estimated Value
$777,045

Purchase Details

Closed on
Oct 17, 2016
Sold by
Lozano Gabriel
Bought by
2118 Michigan Avenue Llc

Purchase Details

Closed on
Oct 12, 2016
Sold by
Lozano Joseph G and Lozano Socorro H
Bought by
2118 Michigan Avenue Llc

Purchase Details

Closed on
Sep 17, 2007
Sold by
Lozano Joseph G and Lozano Socorro H
Bought by
Lozano Joseph G and Lozano Socorro H

Purchase Details

Closed on
Apr 13, 2001
Sold by
Lozano Joseph G and Lozano Socorro H
Bought by
Lozano Joseph G and Lozano Socorro H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.98%

Purchase Details

Closed on
Oct 13, 1999
Sold by
Lozano Joseph G and Lozano Socorro
Bought by
Lozano Joseph G and Lozano Socorro H

Purchase Details

Closed on
Aug 13, 1993
Sold by
Lozano Joseph G and Lozano Jose G
Bought by
Lozano Joseph G and Lozano Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chu Ma Suh $640,000 New Title Company Name
2118 Michigan Avenue Llc -- None Available
2118 Michigan Avenue Llc -- None Available
Lozano Gabriel -- None Available
Lozano Joseph G -- None Available
Lozano Joseph G -- None Available
Lozano Joseph G -- Fidelity National Title
Lozano Joseph G -- --
Lozano Joseph G -- Western Cities Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lozano Joseph Ng $350,000
Previous Owner Lozano Joseph G $245,000
Previous Owner Lozano Joseph N G $161,000
Previous Owner Lozano Joseph G $122,500
Previous Owner Lozano Joseph G $38,600
Previous Owner Lozano Joseph G $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $640,000 +4.1% $434 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $615,000 -- $417 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,339 $679,172 $466,931 $212,241
2024 $8,339 $665,856 $457,776 $208,080
2023 $8,181 $652,800 $448,800 $204,000
2022 $6,884 $561,000 $395,760 $165,240
2021 $1,017 $58,128 $28,175 $29,953
2020 $1,022 $57,533 $27,887 $29,646
2019 $994 $56,406 $27,341 $29,065
2018 $911 $55,301 $26,805 $28,496
2016 $857 $53,156 $25,765 $27,391
2015 $848 $52,358 $25,378 $26,980
2014 $872 $51,333 $24,881 $26,452
Source: Public Records

Agents Affiliated with this Home

  • Charles Wright

    Seller's Agent in 2022

    Charles Wright

    Matthews Real Estate Investment Services

    (866) 889-0550

    2 in this area

    21 Total Sales

    Charles Wright
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Map

Source: The MLS

MLS Number: 21-798356

The MLS

APN: 5183-006-010

California Los Angeles County Los Angeles 90033

2118 Michigan Ave, Los Angeles, CA

This home is located at 2118 Michigan Ave, Los Angeles, CA 90033 since 22 October 2021 and is currently estimated at $777,045, approximately $526 per square foot. This property was built in 1930. 2118 Michigan Ave is a home located in Los Angeles County with nearby schools including Breed Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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