Description

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 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.