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617 Micheltorena St, Los Angeles, CA 90026
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617 Micheltorena St Los Angeles, CA 90026

$1,070,000 Sold Price as of 05/20/2019
  • 6 Beds
  • 3 Baths
  • 2,160 Sq.Ft.
Sold
$1,070,000 Sold Price as of 05/20/2019 Refinance Your Mortgage
Map preview of 617 Micheltorena St, Los Angeles, CA 90026

Property Overview: 617 Micheltorena St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,160 living square feet and 8,065 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An excellent opportunity to acquire a 3- unit, single story, bungalow style multifamily property in the Silver Lake neighborhood of Los Angeles. Located at 617 Micheltorena St. this multifamily asset was built in 1925. It offers an ideal unit mix with three detached bungalows each consisting of 2 bedrooms and one bathroom. Two of the three units have been beautifully renovated with hardwood floors, granite counter tops and stainless steel appliances. Residents of the building enjoy a host of amenities including, air conditioning in two unit, two off-street parking spaces per unit and each unit has it's own washer and dryer inside. Two of the units have gated outdoor patio space for BBQ and leisure activities. There is a community garden at the rear of the property where residents can grow their own vegetables. The building boasts a total of 2,160 square feet on a 8,065 square foot lot. Gated very close to Los Angeles City College and USC, a high concentration of students tends to reside here. ALL UNITS WILL BE DELIVERED OCCUPIED

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 165

Home details

Lot Sq. Ft
8,065
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW18271757
City
Los Angeles
County
Los Angeles
Time on Site
1216 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.59%
  • Gross Rent Multiplier: 17.83
  • Gross Scheduled Income: $61,680
  • Net Operating Income: $39,456
  • Gross Operating Income: $59,830
  • Vacancy Allowance: $1,850
Annual Expense Breakdown
  • Total Operating Expense: $20,374
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,750
  • Trash: $0
  • Gardener: $960
  • Insurance: $1,836
  • Maintenance: $1,950
  • Water/Sewer: $1,428
  • Other Expenses: $450
  • Other Expense Description: Reserves

Property Details for 617 Micheltorena St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Off Street
Lot Information
  • Lot Features: Garden
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5401008018
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: OFf the 101 and Silver Lake Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 617 Micheltorena St

Last sold for $615,000 on December 22nd, 2020

  • December, 2020

  • Dec 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $615,000

    Price

  • May, 2019

  • May 20, 2019

    Date

    Sold

    CRMLS: PW18271757

    $1,070,000

    Price

  • Apr 29, 2019

    Date

    Active Under Contract

    CRMLS: PW18271757

    $1,100,000

    Price

  • Mar 11, 2019

    Date

    Price Change

    CRMLS: PW18271757

    $1,100,000

    Price

  • Jan 11, 2019

    Date

    Price Change

    CRMLS: PW18271757

    $1,200,000

    Price

  • Jan 7, 2019

    Date

    Price Change

    CRMLS: PW18271757

    $12,000,000

    Price

  • Nov 12, 2018

    Date

    Active

    CRMLS: PW18271757

    $1,250,000

    Price

  • May, 2019

  • May 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,070,000

    Price

Show More

Tax History for 617 Micheltorena St

Assessed Value (2020): $1,091,400
Year Land Value Improved Value Assessed Value
2020 $816,000 $275,400 $1,091,400

Home Value Compared to the Market

This property vs the competition

617 Micheltorena St sold on May 20, 2019 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $509.26 per/sqft which puts the price per square foot 32.55% lower than the current median sale per square foot for the city of Los Angeles.

About 617 Micheltorena St

Detailed summary of property

617 Micheltorena St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,160 living square feet, and sits on an approximately 8,065 square foot lot. 617 Micheltorena St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,070,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 313 N Westlake Ave, 1922 Santa Ynez St and 519 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 93 days, 617 Micheltorena St has a days on market of 165 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 617 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 617 Micheltorena St

Public county record property details
Beds
6
Baths
3
Year built
1925
Sq. Ft.
2,160
Lot Size
8,065
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
5401-008-018

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
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
64
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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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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