Listed by Jason Tuvia, Marcus & Millichap,

1633 MICHELTORENA Street

Los Angeles, CA, 90026

$4,300,000

$538 per ft²
$4,300,000
$538 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
7,984 ft²
property_type
Multi-family
calendar
Built 1965
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.
MLS® ID:
22144797
Listed:
4/7/22
Updated:
6/26/22
Coldwell Banker Hallmark Realty
Edwin Ordubegian

Interior Features

Kitchen Appliances
Built-In, Dishwasher, Oven, Range, Refrigerator, Dryer, Washer
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood
Heating
Wall Furnace

Exterior/Building Features

Lot Size
8,576 ft² lot
Lot Details
Back Yard, Lawn

Other Property Details

Area Name
C21 - Silver Lake - Echo Park
HOA Amenities
Gated
Attached Garage
No
Parking
Covered, Driveway, Storage
Parking Total
8.0
View
Y
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
3
Zoning
LAR2

Property History

Date
Event
Price
Value
4/15/22
Active Under Contract
-
-

 

Listed by Jason Tuvia, Marcus & Millichap,

Based on information from California Regional Multiple Listing Service, Inc. as of 6/26/22. 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, 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.

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Data last updated 4:22 AM UTC, 6/26/22

Coldwell Banker Hallmark Realty
Edwin Ordubegian
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