1637 Micheltorena

  • $1,605,000
Sold Los Angeles, Silver Lake
1637 Micheltorena St, Los Angeles CA 90026
  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 2.10
  • Cap Rate
  • 23.05
  • GRM
  • $267,500
  • Price/Unit
Sold
1637 Micheltorena St, Los Angeles CA 90026
  • $1,605,000

Overview

  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 2.10
  • Cap Rate
  • 23.05
  • GRM
  • $267,500
  • Price/Unit

Description

Charming Spanish style six unit building in the heart of Silver Lake.

Main building has five units, a separate detached home, and six parking spots on a large 8,500 square foot lot. One 1BR/1BA unit to be delivered vacant. Rare value-add opportunity to own an income property nestled in coveted Silver Lake.

Front building consists of three 1 bedroom/1bathroom units with one 2 bedroom/1bathroom unit and one 1 bedroom / 1 bathroom unit on the second floor. Additionally, there is a standalone 2 bedroom / 1 bathroom house in the rear of the property. Building comes with a private driveway leading to 6 individual parking spaces-plenty of space to explore the possibility of adding an ADU.

Great location with close proximity to all the great shops and restaurants along Sunset and Silver Lake Blvd. as well as convenient 101/5/2 commute access. A stone’s throw from the Silver Lake Reservoir, Micheltorena Street has a storied history as one of Silver Lake’s most famous streets. This area is highly coveted as it’s around the corner from such eateries and bars such as Pine & Crane, Forage, The Black Cat, Botanica, Barbrix, Night+Market Song, The Ceviche Project and many more.

Go shop at the new Erewhon Market or Whole Foods, or get a shake or acai bowl at Naturewell or coffee next door at Intelligentsia or LaMill. Literally every conceivable neighborhood convenience is at your fingertips. Great opportunity for the right investor or owner occupant.

Details

  • Property Type: Multifamily
  • Property Status: Sold
  • Property Size: 3,435 Sq Ft
  • Lot Size: 8,573 Sq Ft
  • Bedrooms: 8
  • Bathrooms: 6
  • Year Built: 1928
  • Price: $1,605,000
  • Number of Units: 6
  • Price/Unit: $267,500
  • GRM: 23.05
  • Price/SqFt: $467
  • CAP: 2.10
  • Address 1637 Micheltorena St
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90026
  • Area Silver Lake

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