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 Kati Cattaneo | CA DRE# 02050522 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