Description
** 5 UNITS DELIVERED VACANT! ** 1430 Micheltorena Street is located in the rapidly growing Silverlake neighborhood of Los Angeles, and is adjacent to Sunset Boulevard dining, nightlife, and shopping. The offering consists of (8) 1 Bedroom / 1 Bathroom units within 4 detached Spanish Bungalows on a large 8,978 sqft corner lot. These units are in original condition and boast approximately 40% upside in rents! The property has a common courtyard area, is separately metered for gas + electricity, and has a detached 6-car garage. Plans included to add an additional 2 ADU units in the detached garages. Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion).
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8BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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4,200SQFT
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$535$/SQFT
School Ratings & Info
Description
** 5 UNITS DELIVERED VACANT! ** 1430 Micheltorena Street is located in the rapidly growing Silverlake neighborhood of Los Angeles, and is adjacent to Sunset Boulevard dining, nightlife, and shopping. The offering consists of (8) 1 Bedroom / 1 Bathroom units within 4 detached Spanish Bungalows on a large 8,978 sqft corner lot. These units are in original condition and boast approximately 40% upside in rents! The property has a common courtyard area, is separately metered for gas + electricity, and has a detached 6-car garage. Plans included to add an additional 2 ADU units in the detached garages. Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion).
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T13:28:02.017. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.