966 Sanborn Avenue, Los Angeles, CA 90029
  • MLS#: 25479121 ( )
  • Street Address: 966 Sanborn Avenue
  • Viewed: 1
  • Price: $3,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90029
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The 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.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Refrigerator
  4. Convection Oven
  5. Microwave
  6. Electric Cooktop
Building Area Total
  1. 7821.00
Cooling
  1. Central Air
Country
  1. US
Flooring
  1. Wood
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Netoperatingincome
  1. 218495.00
Parcel Number
  1. 5427008043
Postalcodeplus4
  1. 3061
Sourcesystemkey
  1. 25-479121:CLAW
Tenant Pays
  1. Water
  2. Trash Collection
  3. Electricity
Totalexpenses
  1. 63775.00
Year Built
  1. 2024
Year Built Source
  1. Builder
Zoning
  1. LARD1.5