1430 Micheltorena, Los Angeles, CA 90026

About this property

** 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).

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold May 2023 · listed $2,249,000, orig. $2,250,000, on market December 2022 · MLS #22222467 · Source: CRMLS

Listing Agent: Andrew Wilkey · Listing Office: eXp Realty of California Inc · Contact: 888-584-9427 · Bought with: Ari Wintraub · Sotheby's International Realty

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