966 Sanborn Avenue
Los Angeles, CA 90029
Active for $3,950,000
Beds: 12 Baths: 10 Structure Size: 7,821 sqft Lot Size: 5,373 sqft
| MLS | 25479121 |
| Year Built | 2024 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $3,950,000 |
| Structure Size | 7,821 sqft |
| Lot Size | 5,373 sqft |
| Beds | 12 |
| Baths | 10 |
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.
Listing information courtesy of: Michael Monempour, Lyon Stahl Investment Real Estate, Inc. 310-883-7070. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Edwin Tsaturyan
REALTOR®
Direct: 818.209.9187
Email: Email Me
DRE: 01340827
DRE #01873088
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