1037 Sanborn Ave - Apartments FOR SALE


Los Angeles, CA 90029- Silver Lake
$2,189,000 USD
818-216-2599
1037 Sanborn Ave, Los Angeles, CA for Sale
$2,189,000 USD
Apartments - FOR SALE
1/18
null | 3.19% Cap Rate

1037 Sanborn Ave
Los Angeles, CA 90029
Silver Lake


OVERVIEW

Rare and unique investment property in the heart of Silver Lake steps from Sunset Boulevard. Perched on top of a hill, this 1953 mid-century apartment building boasts six units. The building includes 4 - 1 bedroom/1bath, and two - 2 bedroom/1 bath floorplans. Each unit features original details, hardwood floors, service porches, and ample storage. The second story units enjoy expansive north and west facing views (Griffith Park Observatory/Hollywood Hills East), with a private driveway and six coveted off street parking spots. A community laundry room is on the ground floor. Moments away from Sunset Junction, The Black Cat, Intelligentsia, Santo, Erewhon, and Bellevue Park - tons of potential for upside.

FOR SALE DETAILS

PRICE

$2,189,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

6

PRICE/UNIT

$364,833

CAP RATE

3.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

LAR3

APN/PARCEL ID

5427-006-010

ASK ABOUT THIS PROPERTY

Ian BrinkSotheby's International RealtyMore Info
818-216-2599

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Ian BrinkSotheby's International RealtyMore Info
818-216-2599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.