DESCRIPTION

First time on the market in over 40 years! Take advantage of this rare opportunity to own a piece of valuable Silver Lake real estate! This Spanish-style, well-maintained 4-unit complex is centrally located in one of the most desirable areas of Los Angeles. Close to freeways, you're just minutes from downtown, Echo Park, Glendale, Los Feliz, Hollywood, Griffith Park, Melrose, Sunset, and more. Each 2-bedroom 1-bath unit includes a bright and spacious living room and dining area, full-sized kitchen, separate inside private laundry room with washer/dryer hookups, and a detached 1-car designated garage. Each unit also boasts many of the original 1920s architectural details including rounded archways, original hardwood floors, and 9' high ceilings. Two units upstairs and two units downstairs, each with their own separate front and back door entries. Updated copper piping on the inlet and drainage sides. Ample parking available along the tree-lined streets of this quiet neighborhood. Highly rated area schools. Conveniently close to trendy restaurants, eclectic shops, and artsy destinations; easy access to Silver Lake Reservoir with beautiful views of the San Gabriel Mountains- this place has it all!

KEY DETAILS
  • Price:
  • $1,599,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.13
  • Year Built:
  • 1928
  • MLS #:
  • PW20080593
  • Street Address:
  • 611 Micheltorena St
  • City:
  • Los Angeles
  • State:
  • CA
  • Postal Code:
  • 90026
  • County:
  • Los Angeles
  • Area:
  • Silver Lake
  • Listing Status:
  • For Sale - Active

Building

  • Entry Level:
  • 1
  • Flooring:
  • Wood
  • Interior Features:
  • Ceiling Fan(s), High Ceilings
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 4
  • Stories:
  • 2
  • Style:
  • Spanish
  • Total # Of Buildings:
  • 1
  • Type Of Roof:
  • Spanish Tile
  • Year Built:
  • 1928
  • Year Built Source:
  • Assessor

Business

  • Annual Insurance Expenses:
  • 2460.00
  • Annual Maintenance Expenses:
  • 500.00
  • Annual Trash Expenses:
  • 900.00
  • Annual Water/Sewer Expenses:
  • 900.00
  • Expenses:
  • 11122.00
  • Gross Income:
  • 79308.00
  • Net Operating Income:
  • 67686.00
  • Operating Expense:
  • 11622.00

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lar3
  • Lot Features:
  • 0-1 Unit/Acre
  • Lot Square Footage:
  • 5562.00
  • Road Type:
  • Paved

Listing

  • Community Features:
  • Curbs, Sidewalks
  • Days On Market:
  • 64
  • Previous Listing Price:
  • 1625000.00

Money

  • Price Per Square Foot:
  • 354.23
  • Tenant Pays:
  • Cable Tv, Electricity, Gas, Telephone

Rooms

  • Laundry:
  • 1
  • Laundry Description:
  • Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup

Structures

  • Garage Parking Spaces:
  • 4.00
  • Parking Spaces:
  • 4.00

Systems

  • Appliances:
  • Electric Oven, Gas Range
  • Existing Water:
  • Public
  • Sewage Type:
  • Sewer Paid

Source

  • Listing Provided By Joan Marie Macalalad of Exp Realty Of California (: 01783364)

    CRMLS
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SCHOOL RATINGS

No school information available.

NOTES

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