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    663 Micheltorena St

    Los Angeles, CA 90026
    • $1,995,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: 20-602102
    Price Reduced
    $1,995,000
    • 7
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,592
      SQFT
    • $555
      $/SQFT
    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 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T23:42:23.057. 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.
    www.randyplaice.com/homes/107691252
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    663 Micheltorena St Los Angeles, CA 90026

    • Price: $1,995,000
    • Status: Active
    • ID#: 20-602102
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,592
    SQFT
    $555
    $/SQFT
    1938
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    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 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.
    Exterior Features

    Lot Size Area 8065 Other Structures Gazebo Parking Garage Carport Style Traditional Total Parking 6

    Interior Features

    Baths Total 6.00 Common Walls Attached Cooking Appliances Cooktop - Gas Cooling Air Conditioning Equipment DishwasherDryerWasherRefrigeratorRange/OvenGarbage Disposal Flooring Wood Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 412363 Gross Income 159600 Gross Operating Income 159600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 119700.00 Number Of Buildings 2 Number Of Units 3 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays GasElectricity Total Annual Expense 39900 Type Of Units Triplex Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Edward Faktorovich DRE#01401897 of Figure 8 Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T23:42:23.057. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355