966 Sanborn Ave
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966 Sanborn Ave
4 Unit Apartment Building Offered at $3,950,000 at a 5.53% Cap Rate in Los Angeles, CA 90029
Investment Highlights
- AAA+ PRIME Silver Lake Location: Situated just off Sunset Junction, offering unparalleled accessibility and desirability.
- FOUR SPACIOUS and Luxurious Townhome-Style Units: Meticulously designed to provide comfort and sophistication.
- PREMIUM Features: All units include in-unit washers and dryers, as well as private rooftop decks. Private Garages and Ample Parking:
- NON-RENT-Controlled Property: A rare opportunity in the heart of Silver Lake. Designer Finishes: Crafted by one of Los Angeles' premier developers.
- EXCEPTIONAL Unit Mix: Includes (1) 4-bedroom, 3.5-bath unit, (1) 3-bedroom, 3-bath unit, (1) 3-bedroom, 2.5-bath unit, and (1) 2-bedroom, 2-bath unit.
- WALKER’S PARADISE: Boasts a 91 Walk Score, with easy access to fine dining, shopping, and entertainment options.
Executive Summary
This 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.
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,950,000 | Property Type | Multifamily |
| Price Per Unit | $987,500 | Building Size | 7,821 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 5.53% | No. Stories | 2 |
| Gross Rent Multiplier | 13.57 | Year Built | 2024 |
| No. Units | 4 |
| Price | $3,950,000 |
| Price Per Unit | $987,500 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 13.57 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 7,821 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 1 | $6,750 | 1,909 |
| 3+2.5 | 1 | $6,500 | 1,806 |
| 3+2 | 1 | $6,000 | 1,694 |
| 2+2 | 1 | $5,000 | 1,286 |
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Walk Score®
Walker's Paradise (90)
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