905 Sanborn AVE, Los Angeles, CA 90029
905 Sanborn AVE, Los Angeles, CA 90029
905 Sanborn AVE, Los Angeles, CA 90029
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$1,900,000
Est. payment /mo
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8 Beds
8 Baths
5,977 SqFt
Active Under Contract

905 Sanborn AVE Los Angeles, CA 90029

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,977 sqft

Price per Sqft $317

MLS Listing ID 26866883

Bedrooms 8

HOA Y/N No

Year Built 1927

Lot Size 0.255 Acres

Property Description

RARE 11-UNIT SILVER LAKE / EAST HOLLYWOOD INVESTMENT OPPORTUNITY OFFERED TOGETHER FOR $1,900,000905907 Sanborn Avenue and 904906 Manzanita Street present a rare opportunity to acquire two adjoining LARD1.5-zoned income properties with separate APNs and approximately 11,110 square feet of combined land and combined building size: 5,977 sq. ft. The properties are offered exclusively as one transaction and must be sold and close escrow together.905-907 Sanborn Avenue is a fully occupied eight-unit property consisting of four one-bedroom/one-bath units and four studio units. The property currently generates approximately $153,696 in annual gross rental income.904-906 Manzanita Street is a major value-add triplex consisting of a vacant two-bedroom/one-bath former owner's unit, a tenant-occupied one-bedroom/one-bath unit renting for $1,595 per month, and a vacant basement studio with one bathroom. The occupied unit generates approximately $19,140 annually, while the two vacant units offer immediate renovation, repositioning, and income-growth potential. Together, the properties currently generate approximately $172,836 in annual gross rental income, with additional upside available through the renovation and leasing of Manzanita's two vacant units.The properties have separate APNs but currently share an open yard area without a fence or wall between them. Their adjoining configuration, dual-street frontage and LARD1.5 zoning may offer additional long-term possibilities, subject to independent verification and approval by the appropriate authorities. Excellent walkable location near Silver Lake, Los Feliz and East Hollywood, with Erewhon Market, popular restaurants, cafes, boutiques, shops and everyday conveniences nearby.Offered together for $1,900,000. Buyer to independently verify all square footage, legal unit counts, permits, rents, rent-control status, zoning, property boundaries, basement-studio status and renovation or development possibilities. Please do not disturb the occupants or enter either property without being accompanied by the listing agent.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Interior

Flooring Wood

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Carport, Door-Multi, Garage

Garage Spaces 3.0

Garage Description 3.0

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5427005022

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Faye Bogari Bogari Agency #01335549

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905 Sanborn AVE

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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