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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 2,995,000

Est. payment | -/mo

13 Beds

10 Baths

5,594 SqFt

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$ 2,995,000

Est. payment | -/mo

Save

13 Beds

10 Baths

5,594 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,594 sqft

Price per Sqft $535

MLS Listing ID 26641949

Bedrooms 13

Year Built 1928

Lot Size 8,640 Sqft

Acres 0.1983

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1637-1639 Micheltorena Street, an 8-unit apartment community located in the heart of prime Silver Lake, one of Los Angeles' most sought-after rental submarkets. The property has undergone a comprehensive redevelopment, with 7 of the 8 units either fully gut-renovated or newly constructed in 2023, offering a largely new asset with modern systems and future upside. The unit mix is spread across three separate buildings. The front building consists of five units (four 1-bed/1-bath units and one 2-bed/1-bath unit). The rear of the property features a freestanding 3-bed/2-bath home with central heat/AC along with a 2023-constructed duplex comprised of a 3-bed/2-bath unit and a 1-bed/1-bath unit. The two new-construction units are not subject to rent control, providing operational flexibility and long-term income upside. Renovated units feature luxury vinyl plank flooring, quartz countertops, custom cabinetry, stainless steel appliances, designer tile, in-unit washer/dryers, and upgraded heat/AC systems. Major capital improvements include new electrical, plumbing, drain lines, windows, and doors, significantly reducing near-term cap-ex exposure. Two of the three buildings also feature new roofs, and all structures were refreshed with smooth stucco exteriors. The exterior was redesigned with drought-tolerant landscaping, a newly poured driveway, and 7 on-site parking spaces. Located just steps from the Silver Lake Reservoir, Micheltorena Street is one of the neighborhood's most iconic and desirable addresses. Residents enjoy immediate access to some of Silver Lake's most acclaimed dining, shopping, and lifestyle amenities, as well as everyday conveniences all within moments of the property. Offered at a current 6.20% cap rate, this is a rare opportunity to acquire a largely new, high-quality asset in one of Los Angeles' most sought-after rental submarkets.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Other, Central

Cooling Air Conditioning, Other

Flooring Other

Equipment Other

Laundry In Unit

Exterior

Parking Features Carport, Assigned

Garage Spaces 7.0

Pool None

Building

Story 2

Water Public

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Realty Investment Advisors, Inc.

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

1639 Micheltorena St Los Angeles, CA 90026

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1639 Micheltorena St