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

Property Image
SOLD
$1,605,000

California

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MultiFamily8,573 SF
Sold 12/28/2021
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Property Image
SOLD

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

1637 Micheltorena Street, Los Angeles, CA 90026

See Similar Deals
MultiFamily8,573 SF
Sold 12/28/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:8,573 SF
Transaction Type:Sale

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.

Players

Will Tiao
The Collective Realty
Will Tiao
10 deals$28.2M volume
BROKER

Details

SOLD
IMAGE: Will Tiao DATE: 12/28/2021 ADDRESS: 1637 Micheltorena St. MARKET: Silver Lake ASSET TYPE: Multifamily BUYER: Alex Metaxas SELLER: Kathleen Der BROKER: Will Tiao - Tiao Properties (@TiaoProperties) SALE PRICE: $1,605,000 UNITS: 6 ~ PPU: $267,500 SF: 8,573 ~ PPSF: $187 NOTE FROM @TiaoProperties: • PPU: $267,500 • Sold for $210K over asking • Bidding war with over 10 offers • Final offer was fully non-contingent with EMD pass through

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