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1637 Micheltorena St, Los Angeles, CA 90026
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1637 Micheltorena St Los Angeles, CA 90026

$1,605,000 Sold Price as of 12/28/2021
  • 8 Beds
  • 6 Baths
  • 3,435 Sq.Ft.
Sold
$1,605,000 Sold Price as of 12/28/2021 Refinance Your Mortgage
Map preview of 1637 Micheltorena St, Los Angeles, CA 90026

Property Overview: 1637 Micheltorena St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,435 living square feet and 8,573 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Will Tiao | BRE #01918965 | The Collective Realty
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
8,573
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21796264
City
Los Angeles
County
Los Angeles
Time on Site
1059 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $983
  • Total Rent: $983
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $866
  • Total Rent: $866
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $591
  • Total Rent: $591
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,007
  • Total Rent: $1,007
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $745
  • Total Rent: $745
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 23.05
  • Gross Scheduled Income: --
  • Net Operating Income: $29,593
  • Gross Operating Income: $60,506
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1637 Micheltorena St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Other Structures: Guest House
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Shared Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 6
  • Parcel Number: 5429026006
  • Architectural Style: Spanish
  • Property Condition: Fixer
Location / Neighborhood
Location Information
  • Directions: North on Micheltorena from Sunset Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1637 Micheltorena St

Last sold for $1,605,000 on December 28th, 2021

  • December, 2021

  • Dec 28, 2021

    Date

    Sold

    CRMLS: 21796264

    $1,605,000

    Price

  • Oct 26, 2021

    Date

    Active

    CRMLS: 21796264

    $1,395,000

    Price

  • December, 2010

  • Dec 27, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1637 Micheltorena St

Assessed Value (2020): $104,633
Year Land Value Improved Value Assessed Value
2020 $36,961 $67,672 $104,633

Home Value Compared to the Market

This property vs the competition

1637 Micheltorena St sold on December 28, 2021 for 24.55% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $406.11 per/sqft which puts the price per square foot 43.91% lower than the current median sale per square foot for the city of Los Angeles.

About 1637 Micheltorena St

Detailed summary of property

1637 Micheltorena St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,435 living square feet, and sits on an approximately 8,573 square foot lot. 1637 Micheltorena St was first listed on ArdentRealEstateGroup.com on October 26, 2021. The homeowner sold the property for $1,605,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.55% higher than the current median priced home. Local homes that are currently for sale include 2969 London St, 2241 Ewing St and 4332 Lockwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 1637 Micheltorena St has a days on market of 18 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1637 Micheltorena St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1637 Micheltorena St

Public county record property details
Beds
8
Baths
6
Year built
1928
Sq. Ft.
4,347
Lot Size
8,572
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5429-026-006

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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