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1633 Micheltorena Street

Los Angeles (City), CA 90026
  • $4,300,000
  • STATUS: Active Under Contract
  • ON SITE: 82 Days
  • ID#: 22144797
Under Contract
UPDATED: 43 min ago
$4,300,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T11:31:24.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/127545093
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1633 Micheltorena Street Los Angeles (City), CA 90026

  • Price: $4,300,000
  • Status: Active Under Contract
  • On Site: 82 Days
  • Updated: 43 min ago
  • ID#: 22144797
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1965
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
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.
Exterior Features

Lot Features Back YardLawn Parking Features CoveredDrivewayStorage Parking Total 8 Pool Features None Pool Private YN No Spa Features None Spa YN No View City LightsHills View YN Yes

Interior Features

Appliances Built-InDishwasherOvenRangeRefrigeratorDryerWasher Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Community Features Gated Gross Income 252074 Levels Three Or More Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 171860 New Construction YN No Possession Close Of Escrow Property Condition Additions/AlterationsUpdated/Remodeled Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-30T11:31:24.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)