Property listed by Sotheby's International Realty, Matthew Maun 323-665-1700
$2,500,000
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… Read More 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. Contact Listing Agent for Offering Memorandum. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
10
Square Ft.
3,890
Lot Size
0.09 Acres
Year Built
1990
MLS Number
26665077
Additional Details
Building
Built in 1990, Living area: 3890.0, 1 building, Building faces East, 3 stories, Levels: MultiSplit, Entry level: 2, Entry location: Ground Level - no steps
Cooling
CentralAir
Garage
2 spaces
Heating
Central
Income
Gross Income: $170,700, Net Operating Income: $119,163
Laundry
CommonArea, LaundryRoom
Lot
0.0941 acres
Parking
2 carport spaces, 4 total parking spaces, Covered, Carport
Property
CityLights, Hills, Panoramic
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Taxes
Parcel Number: 5426010020, Zoning: LAR2
Tenant Pays
Gas
Utilities
Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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