Skip To Content

1633 Micheltorena St

Los Angeles, CA 90026
  • $4,300,000
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • MLS #: 22-144797
Under Contract
UPDATED: 6 min ago
$4,300,000
  • 17
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,984
    SQFT
  • $539
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T09:42:35.97. 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.
www.haciendagroupinc.com/homes/127543596
Print Image

1633 Micheltorena St Los Angeles, CA 90026

  • Price: $4,300,000
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 6 min ago
  • MLS #: 22-144797
17
Beds
0
Baths
0
½ Baths
0.2
Acres
7,984
SQFT
$539
$/SQFT
1965
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
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

Covered Parking 8 Cross Streets Sunset Blvd & Silver Lake Blvd Levels Three Or More Lot Description CurbsLawnBack YardSingle LotSidewalks Lot Location HillsideCity Lot Size Area 8576 Other Structures None Parking Garage DrivewayBuilt-In StorageAttachedCovered Parking Patio Features Balcony Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 8 View Description HillsCity View YN Yes

Interior Features

Bathroom Features RemodeledShower Over Tub Baths Total 16.00 Common Walls Attached Cooking Appliances Built-InsOvenRange Cooling Air Conditioning Equipment DishwasherDryerWasherRefrigeratorRange/OvenBuilt-Ins Flooring Wood Heating Wall Interior Features Built-InsCommon WallsLaundry - Closet Stacked Kitchen Features Marble CountersRemodeledCounter Top Laundry In Unit Laundry Equipment Own

Property Features

Alley YN No Assessed Total Value 2575386 Gross Income 252074 Gross Operating Income 244872 Like Units1 7 Like Units2 1 Net Operating Income 171860.00 Number Of Buildings 1 Number Of Units 8 Property Condition Additions/AlterUpdated/Remodeled Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 73012 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T09:42:35.97. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-144797-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-144797-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-144797-2.jpg
Logo
Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253