$2,200,000
$2,249,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
4,200 SqFt
SOLD DATE : 05/08/2023
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $523
MLS Listing ID 22-222467
Sold Date 05/08/23
Style Spanish
Bedrooms 8
Year Built 1923
Lot Size 8,978 Sqft
Property Sub-Type Multi-Family
Property Description
** 5 UNITS DELIVERED VACANT! ** 1430 Micheltorena Street is located in the rapidly growing Silverlake neighborhood of Los Angeles, and is adjacent to Sunset Boulevard dining, nightlife, and shopping. The offering consists of (8) 1 Bedroom / 1 Bathroom units within 4 detached Spanish Bungalows on a large 8,978 sqft corner lot. These units are in original condition and boast approximately 40% upside in rents! The property has a common courtyard area, is separately metered for gas + electricity, and has a detached 6-car garage. Plans included to add an additional 2 ADU units in the detached garages. Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion).
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning RD1.5
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Window Unit(s)
Equipment Other
Exterior
Parking Features Detached, Garage - 4+ Car, Air Conditioned Garage
Garage Spaces 8.0
View Y/N Yes
View Hills
Building
Story 1
Architectural Style Spanish
Level or Stories Ground Level
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Sotheby's International Realty
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