960 Micheltorena St - Apartments FOR SALE


Los Angeles, CA 90026- Silver Lake
$2,500,000 USD
323-665-1700
960 Micheltorena St, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/18
null | 4.77% Cap Rate

960 Micheltorena St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Panoramic Views
  • Spacious 3-Story Townhomes
  • Not Subject to Los Angeles City Rent Stabilization Ordinance (RSO)

OVERVIEW

We are pleased to present for sale a rare two-unit investment opportunity in the heart of Silver Lake. Built in 1990, this well-maintained three-story property features two spacious units, each offering five bedrooms and three-bathrooms of approximately 1,900 square foot each. Both residences enjoy private balconies with breathtaking views of the surrounding hills and the Downtown Los Angeles skyline. Additional amenities include central heating/cooling, an on-site laundry room, and a large community deck perfect for hosting gatherings. 4 parking spaces are available to tenants, 2 covered and 2 carport. The property has also been enhanced with new exterior security lighting and a CCTV camera system around the building for added safety. Nestled on a picturesque street lined with architecturally charming homes, the property sits at the top of the historic Micheltorena Steps, with approximately 200 steps leading directly down to Sunset Boulevards vibrant dining, shopping, and entertainment scene. Showcasing a true pride of ownership, the property has been meticulously maintained and presents an exceptional opportunity in one of Los Angeles most sought-after neighborhoods. 958-960 Micheltorena St is currently 100% occupied, providing stable and consistent cash-flow, making it an excellent opportunity for a 1031 Exchange Buyer seeking dependable income in a prime location.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$643 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,250,000

CAP RATE

4.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

958 - 960 Micheltorena St, Silver Lake, CA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,101 SF

ZONING

R2-1VL

APN/PARCEL ID

5426-010-020

ASK ABOUT THIS PROPERTY

Matthew MaunSothebys International RealtyMore Info
323-665-1700

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Matthew MaunSothebys International RealtyMore Info
323-665-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.