Alex Metaxas Acquires Multifamily Property On Micheltorena St. In Silver Lake For $1.6M

A multifamily property located at 1637 Micheltorena St. in Silver Lake was recently sold for a price of $1,605,000. The property consists of 6 units, with each unit having a price per unit (PPU) of $267,500. The total square footage of the property is 8,573, resulting in a price per square foot (PPSF) of $187.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,605,000
• Date: 12/28/2021
• Address: 1637 Micheltorena St.
• Market: Silver Lake

Alex Metaxas purchased the property from Kathleen Der. The transaction was facilitated by Will Tiao from Tiao Properties. The property was sold for $210,000 over the asking price, following a bidding war that attracted over 10 offers. The final offer was fully non-contingent with an earnest money deposit (EMD) pass-through.