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.
Property Details
Price:
$3,950,000
MLS #:
25479121
Status:
Pending
Baths:
0
Address:
966 Sanborn Avenue
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Jan 9, 2025
State:
CA
ZIP:
90029
Lot Size:
5,373 sqft / 0.12 acres (approx)
Year Built:
2024
See this Listing
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator, Convection Oven, Microwave, Electric Cooktop
Cooling
Central Air
Flooring
Wood
Heating
Central
Exterior
Parking Spots
8.00
Stories Total
2
Financial
Tenant Pays
Water, Trash Collection, Electricity
Map
Community
- Address966 Sanborn Avenue Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
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966 Sanborn Avenue
Los Angeles, CA
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