Property profile & analytics
1118 Sanborn Ave Los Angeles, CA 90029-2238
- Apartment buildings
- 3,110 SF
- 0.14 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-7743621
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 1118 Sanborn Ave
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 3,110 SF
- Zone code
- LARD2
- Property type
- Apartment buildings
- APN
- 5429-013-006
- APU
- 5429013006
Description
This exceptional investment opportunity presents a five-unit multifamily property situated in the highly desirable Silver Lake neighborhood of Los Angeles, California. The property, located at 1118-1120 Sanborn Avenue, consists of three buildings totaling 3,110 square feet on a 6,250 square-foot lot. The property features a mix of unit sizes, including one freestanding, single-family home with two bedrooms and two bathrooms, and four one-bedroom, one-bathroom units housed within two duplex buildings. The single-family home, approximately 1,250 square feet, boasts an open floor plan, large kitchen with a bar area, bamboo and knotty pine flooring, and a recently rebuilt private patio accessible from the master bedroom. The duplex units offer a blend of updated and classic features. Some units feature modern kitchens and bathrooms with updated lighting and fixtures, while others retain original charm, including Douglas Fir flooring and clawfoot bathtubs. Many units include additional rooms that could serve as offices or bonus spaces, and several have recently rebuilt private patios or decks. Significant property updates include newer Rinnai tankless water heaters (2014), updated electrical systems (2011 and ongoing), and recently replaced roofs. The property is currently 100% occupied, generating a net operating income (NOI) of $83,771, with a pro-forma NOI of $135,923. The asking price is $1,995,000, representing a price per square foot of $641 and a price per unit of $399,000. The property's location, just steps from Sunset Junction, offers unparalleled access to Silver Lake's vibrant amenities and strong rental demand. The property is zoned LARD2. Built in 1920 with renovations in 1980, this property presents a compelling combination of location, unit mix, and potential for increased profitability. The property's current below-market rents offer a significant value-add opportunity for the new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28
- Latitude
- 34.0929
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,148
$643,876
$386,320
$1,030,196
-
$0.00
$0.00
$0.00
