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663 Micheltorena St Los Angeles, CA 90026

$2,075,000 Sold Price as of 10/20/2020

7 Beds
7 Baths
-- Sq.Ft.

Sold

$2,075,000 Sold Price as of 10/20/2020 Refinance Your Mortgage

Map preview of 663 Micheltorena St, Los Angeles, CA 90026

Property Overview: 663 Micheltorena St Los Angeles, CA has 7 bedrooms, 7 bathrooms, -- 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: Welcome to 663 Micheltorena, a Silver Lake triplex with a designer makeover. At the front sits a 3 bed 2 bath traditional home and behind sits a 1995 built duplex consisting of 2 bed 2 bath each. All units have received extensive renovations including new kitchens with quartz counters and stainless appliances, bathrooms with tasteful tile and accents, wood floors, pretty light fixtures, laundry in unit and central hvac. Parking for 6 cars. As bonus there are RTI permitted plans for a 4th unit which would generate an additional $1800/mo in income and bringing the income to a 12.5 GRM. All rents displayed are actual. Whether looking to live in one unit and rent the others to cover the mortgage or as a great passive income generating property, this is a must see! Front house can be delivered Vacant.

Listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty
Co-listed by Colt Maloney | BRE #01952570 | Figure 8 Realty

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft: 8,065
HOA Dues: $0/mo
Year built: 1938
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20602102
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,500
Total Rent: $4,500
Pro Forma/Market Rent: $4,600

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $3,700

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $3,700

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $0
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12.5
Gross Scheduled Income: --
Net Operating Income: $119,700
Gross Operating Income: $159,600

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 663 Micheltorena St

Interior Features

Heating Information

Has Heating
Central

Room Information

Flooring: Wood

Kitchen Information

Has Appliances
Dishwasher, Disposal, Refrigerator, Gas Cooktop

Exterior Features

Exterior Information

Other Structures: Gazebo

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 3
Parcel Number: 5401007015
Architectural Style: Traditional

Location / Neighborhood

Location Information

Directions: Google maps

View more facts & features

Local Los Angeles Agent

Sale History for 663 Micheltorena St

Last sold for $2,075,000 on October 20th, 2020

October, 2020
Oct 21, 2020

Date

Sold

CRMLS: 20602102

$2,075,000

Price
Sep 21, 2020

Date

Pending

CRMLS: 20602102

$1,995,000

Price
Sep 10, 2020

Date

Price Change

CRMLS: 20602102

$1,995,000

Price
Jul 10, 2020

Date

Active

CRMLS: 20602102

$2,195,000

Price
October, 2020
Oct 20, 2020

Date

Sold (Public Records)

Public Records

$2,075,000

Price
July, 2020
Jul 10, 2020

Date

Expired

CRMLS: 20542266

$649,000

Price
Mar 10, 2020

Date

Withdrawn

CRMLS: 20542266

$649,000

Price
Jan 11, 2020

Date

Active

CRMLS: 20542266

$649,000

Price
Listing provided courtesy of CRMLS

Located in the heart of Silver Lake, surrounded by bamboo and mature trees, this secluded 2nd floor TIC unit has been remodeled to the 9's. The light & airy open living area is perfect for entertaining with its welcoming design, bright walls and wide plank hardwood floors. The updated kitchen is equipped with new stainless-steel appliances including dishwasher, stove and fridge - along with new countertops, bright white shaker cabinets, open shelving, and chic lighting fixtures. Down the hall you will find the first great sized bedroom with ample closet space and a cute nook which can house another wardrobe or writing desk. The Guest bathroom has a sleek black and white motif along with skylight. At the end of the hall, you'll find the bright master bedroom with a stylish modern en-suite bathroom and a private balcony with amazing downtown skyline views. In unit washer/dryer and off-street parking included. A must see.

Continue Reading
July, 2020
Jul 10, 2020

Date

Expired

CRMLS: 20541918

$649,000

Price
Mar 10, 2020

Date

Withdrawn

CRMLS: 20541918

$649,000

Price
Feb 27, 2020

Date

Active

CRMLS: 20541918

$649,000

Price
Feb 8, 2020

Date

Pending

CRMLS: 20541918

$649,000

Price
Jan 11, 2020

Date

Active

CRMLS: 20541918

$649,000

Price
Listing provided courtesy of CRMLS

Located in the heart of Silver Lake, surrounded by bamboo and mature trees, this secluded 2nd floor TIC unit has been remodeled to the 9's. The light & airy open living area is perfect for entertaining with its welcoming design, bright walls and wide plank hardwood floors. The updated kitchen is equipped with new stainless-steel appliances including dishwasher, stove and fridge - along with new countertops, bright white shaker cabinets, open shelving, and chic lighting fixtures. Down the hall you will find the first great sized bedroom with ample closet space and a cute nook which can house another wardrobe or writing desk. The Guest bathroom has a sleek black and white motif along with skylight. At the end of the hall, you'll find the bright master bedroom with a stylish modern en-suite bathroom and a private balcony with amazing downtown skyline views. In unit washer/dryer and off-street parking included. A must see.

Continue Reading
August, 2019
Aug 7, 2019

Date

Sold

CRMLS: 19477452

$1,150,000

Price
Jul 8, 2019

Date

Pending

CRMLS: 19477452

$1,299,888

Price
Jun 13, 2019

Date

Active

CRMLS: 19477452

$1,299,888

Price
Listing provided courtesy of CRMLS
August, 2019
Aug 6, 2019

Date

Sold (Public Records)

Public Records

$1,150,000

Price

Tax History for 663 Micheltorena St

Assessed Value (2020): $1,150,000

Year	Land Value	Improved Value	Assessed Value
2020	$750,000	$400,000	$1,150,000

Home Value Compared to the Market

This property vs the competition

663 Micheltorena St sold on October 20, 2020 for 78.12% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 663 Micheltorena St

Detailed summary of property

663 Micheltorena St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 7 bedrooms, 7 bathrooms, roughly -- living square feet, and sits on an approximately 8,065 square foot lot. 663 Micheltorena St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,075,000. 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 78.12% higher than the current median priced home. Local homes that are currently for sale include 4214 Rosewood Ave, 4214 Sunset Dr and 150 S Alvarado St. While the average home in Los Angeles, CA is selling in 106 days, 663 Micheltorena St has a days on market of 73 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 663 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 663 Micheltorena St

Public county record property details

Beds: 6
Baths: 6
Year built: 1938
Sq. Ft.: 3,592
Lot Size: 8,064
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 129
APN: 5401-007-015

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

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), 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.