966 Sanborn Ave - Apartments FOR SALE


Los Angeles, CA 90029
$3,950,000 USD
310-270-8423
966 Sanborn Ave, Los Angeles, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/66
null | 5.53% Cap Rate

966 Sanborn Ave
Los Angeles, CA 90029


HIGHLIGHTS

  • AAA+ PRIME Silver Lake Location: Situated just off Sunset Junction, offering unparalleled accessibility and desirability.
  • NON-RENT-Controlled Property: A rare opportunity in the heart of Silver Lake. Designer Finishes: Crafted by one of Los Angeles' premier developers.
  • FOUR SPACIOUS and Luxurious Townhome-Style Units: Meticulously designed to provide comfort and sophistication.
  • EXCEPTIONAL Unit Mix: Includes (1) 4-bedroom, 3.5-bath unit, (1) 3-bedroom, 3-bath unit, (1) 3-bedroom, 2.5-bath unit, and (1) 2-bedroom, 2-bath unit.
  • PREMIUM Features: All units include in-unit washers and dryers, as well as private rooftop decks. Private Garages and Ample Parking:
  • WALKER’S PARADISE: Boasts a 91 Walk Score, with easy access to fine dining, shopping, and entertainment options.

OVERVIEW

This offering is a brand-new, 2024-built townhome-style apartment building located in the highly sought-after neighborhood of Silver Lake, just steps from Sunset Junction. Constructed with a Senate Bill 8 exemption, the property is not subject to the restrictive Los Angeles Rent Control measures, making it an attractive investment opportunity. The property features four meticulously designed units spanning a total of 7,819 square feet, with an ideal unit mix (1 )4-bedroom, 3.5-bathroom, (1) 3-bedroom, 2.5-bathroom, (1) 3-bedroom, 2-bathroom & (1) 2-bedroom, 2-bathroom unit. Each unit is thoughtfully crafted with private rooftop decks, offering stunning views of Silver Lake. The interiors are finished with hardwood floors, recessed lighting, stainless steel appliances, and in-unit washers and dryers, providing tenants with modern conveniences and luxurious living spaces. Offered at $3,950,000, this turnkey investment opportunity delivers an immediate 5.53% CAP rate in one of Los Angeles’ most desirable locations. The property has been built with exceptional attention to detail by one of Los Angeles’ premier townhome developers, featuring custom home-level finishes that exude elegance and sophistication. Located just off Sunset Junction, the property boasts a Walk Score of 91, ensuring tenants have convenient access to some of the best dining, shopping, and entertainment options in Silver Lake. Nearby anchors include Erewhon, Silver Lake Farmer’s Market, Bacari, Pine & Crane, and Intelligentsia Coffee, among many others. This is a rare opportunity to acquire a high-performing, new-construction asset in a premier Los Angeles location.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

4

PRICE/UNIT

$987,500

CAP RATE

5.53%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,424 SF

ZONING

RD1.5

APN/PARCEL ID

5427-008-043

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.