Sold

1633 MICHELTORENA Street

Los Angeles CA, 90026

$4,305,000


$539.20 per sqft

Sold

7,984 sqft

Residential

Built in 1965

Listed by Jason Tuvia with Marcus & Millichap 818-212-2700

We are pleased to present an eight (8) unit apartment building located at 1633 Micheltorena Street in Los Angeles, California. The subject property is situated in the best location in Silver Lake, north of Sunset Boulevard and west of Silver Lake Boulevard. Built in 1965, this property contains an incredible unit mix of seven (7) two bedroom / two bathroom units and one (1) three bedroom / two bathroom unit. The building has been meticulously updated with four (4) units extensively renovated, a new retaining wall, and a completed soft story retrofit. Select units feature recessed lighting, mini-split A/C systems, engineered hardwood flooring, brand new in-unit copper plumbing, brand new in-unit electrical, and brand new appliances. With plenty of parking available for tenants, they can truly enjoy all that prime Los Angeles living has to offer. With the commercial corridor on Sunset Boulevard just down the street, residents will enjoy trendy world class amenities such as Kreation Organics, Bacari Silverlake + Bar, Ramen Tastunoya, The Dr. Martens Store, Alfred Coffee, and many more. Outdoor recreation is available less than a mile away at Silverlake the Recreation Center. Right across the street, 1624 Micheltorena Street is currently renting three bedroom apartments for $10,450, and two bedroom apartments for $7,950 showing the strength of the immediate neighborhood and realistic rental upside. Situated in the best location in Silver Lake, this offering shows proven upside with four (4) recently remodeled and rented units with huge remaining upside for any investor to capitalize on.

22144797

MLS ID

April 8, 2022

Listed

March 23, 2024

Updated

Map

1633 MICHELTORENA Street
Los Angeles CA, 90026

Interior Features

Total Stories

3


Appliances

Built-In, Dishwasher, Oven, Range, Refrigerator, Dryer, Washer


Floor Description

Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.2 Acres


Lot Features

Back Yard, Lawn

Other Property Details

Area Name

C21 - Silver Lake - Echo Park


Days on Market

6


Garage

No


Parking

Covered, Driveway, Storage


Parking Total

8


View

Yes


View Description

City Lights, Hills


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR2


Buyer Agency Compensation

2%

Listing Contact: 818-212-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:53 AM UTC

 

Powered byLuxury Presence