Active

966 Sanborn Ave

Los Angeles CA, 90029

$3,950,000


$505.05 per sqft

Active

12 Beds

10 Baths

7,821 sqft

Multi-family

Built in 2024

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.

25-479121

MLS ID

January 9, 2025

Listed

January 17, 2025

Updated

Map

966 Sanborn Ave
Los Angeles CA, 90029

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

10


Appliances

Dishwasher, Dryer, Washer, Freezer, Range/Oven, Garbage Disposal, Solar Panels, Refrigerator


Laundry Description

In Unit


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.12 Acres

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

8


Garage

Yes


Parking

Garage Is Attached


Parking Total

8


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listed by Michael Monempour with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-270-8423 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Sydney Shand | CA DRE# 01345845 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/17/2025

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