Active

1639 Micheltorena Street

Los Angeles, CA 90026
Mark as Favorite
Bed 13

Bed

Bath 0

Bath

SqFt5,594

Sqft

SqFt8,640

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,995,000

AD Id : 74468855

MLS Id : 26641949

Beds : 13

Lot Size : 8,640 Sqft

Living Area Size : 5,594

Year Built : 1928

County : Los Angeles

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Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 13

    Bathroom Information

    Total Baths: 10 Full Baths: 0 Half Baths: 0
  • Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1928 Building Area Total: 5,594
  • Pool Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1983
  • Lot Size Source: Assessor Lot Size Square Feet: 8640

  • Listing Price Information

    Original List Price: 2,995,000 Listing Contract Date: 2026-01-22
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5429026006

  • Garage and Parking

    Garage Description: Assigned,Carport

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C21 - Silver Lake - Echo Park Postal Code Plus 4: 1623 Directions: North of Sunset Blvd Zoning: LAR2 Source Property Type: Residential Income Area: C21 - Silver Lake - Echo Park
  • Building and Construction

    Property Age: 98 Year Built Source: Vendor Enhanced Total Square Feet Living: 5594 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2168 Princeton Avenue, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2168 Princeton, Los Angeles, CA, 90026 $3,299,000 3 2 2,509 2,509 SqFt
2144 Echo Park Avenue, Los Angeles, CA, 90026 $1,495,000 3 1 1,396 1,396 SqFt
2004 Echo Park Avenue, Los Angeles, CA, 90026 $1,225,000 7 3 2,480 2,480 SqFt
2140 Lemoyne Street, Los Angeles, CA, 90026 $2,500,000 3 -- --
1911 Echo Park Avenue, Los Angeles, CA, 90026 $999,000 3 -- 1,728 1,728 SqFt
1188 Innes Avenue, Los Angeles, CA, 90026 $3,500,000 13 -- 10,470 10,470 SqFt
1804 Echo Park Avenue, Los Angeles, CA, 90026 $1,500,000 5 -- 2,319 2,319 SqFt
1458 Sutherland Street, Los Angeles, CA, 90026 $2,890,000 6 -- 3,187 3,187 SqFt
1303 Lilac Terrace, Los Angeles, CA, 90026 $4,300,000 -- -- 5,975 5,975 SqFt

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ByOwner last updated this listing 06/22/2026 @ 00:00

MLS: 26641949 LISTED BY: Benjamin J. Hsiang, Realty Investment Advisors, Inc. SOURCE: CRMLS

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