905-907 Sanborn Avenue and 904-906 Manzanita Street present a rare opportunity to acquire two adjoining LARD1.5-zoned income properties with separate APNs, totaling approximately 11,110 square feet of land and 5,977 square feet of improvements. The properties are offered exclusively as one transaction and must be sold and close escrow together pursuant to a recorded covenant affecting both parcels. 905-907 Sanborn Avenue is a fully occupied eight-unit apartment building consisting of four studio units and four one-bedroom/one-bath units. The property currently generates approximately $152,592 in annual apartment rental income, plus an additional $113 per month ($1,356 annually) in garage income. Combined current annual gross income is approximately $172,488, including the rented garage. 904-906 Manzanita Street is a value-add triplex consisting of a vacant two-bedroom/one-bath former owner-occupied unit, a tenant-occupied one-bedroom/one-bath unit currently renting for $1,595 per month, and a vacant studio unit with one bathroom. The occupied unit currently generates approximately $19,140 in annual rental income, while the two vacant units provide an excellent opportunity for renovation, repositioning, and increased cash flow. Combined, the properties currently generate approximately $173,088 in annual gross income, consisting of $171,732 in apartment rental income and $1,356 in annual garage income. The vacant two-bedroom unit and vacant studio at Manzanita offer substantial upside through renovation and lease-up at current market rents. The two properties have separate APNs but share an open yard area with no fence or wall separating the parcels. Their contiguous configuration, dual-street frontage, and LARD1.5 zoning may provide additional long-term development or redevelopment potential, subject to buyer verification and approval by the appropriate governmental authorities. Ideally located in the heart of Silver Lake, the properties are within walking distance of Erewhon Market, popular restaurants, cafes, boutiques, and neighborhood amenities, with convenient access to Los Feliz, Hollywood, Downtown Los Angeles, and major employment centers. Offered together for $1,900,000. Buyer shall independently verify all square footage, lot size, legal unit count, permits, rents, rent-control status, zoning, property boundaries, garage income, basement/studio status, development potential, and all other information deemed material to the purchase. Please do not disturb the occupants or enter either property without an appointment and accompaniment by the listing broker.