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    663 Micheltorena Street

    Los Angeles (City), CA 90026
    • $2,195,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20602102
    UPDATED: 24 min ago
    $2,195,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    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 13.75 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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-06T12:27:26.763. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/107692129
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    663 Micheltorena Street Los Angeles (City), CA 90026

    • Price: $2,195,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20602102
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1938
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    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 13.75 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!
    Exterior Features

    Architectural Style Traditional Lot Size Dimensions 50X161 Lot Size Source Assessor Lot Size Units Square Feet Other Structures Gazebo Parking Features Carport Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigeratorGas Cooktop Appliances YN Yes Flooring Wood Heating Central Heating YN Yes

    Property Features

    Country Us Gross Income 159600.00 Gross Multiplier 13.75 Gross Operating Income 159600.00 Lot Dimensions Source Assessor Net Operating Income 119700.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricity Total Expenses 39900.00 Vacancy Allowance Rate 0.00 Zoning Lard2

    Listing provided courtesy of Edward Faktorovich of Figure 8 Realty and Colt Maloney of Figure 8 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-06T12:27:26.763. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731