Silver Lake Multifamily Investment
1026 Sanborn Ave Los Angeles, CA 90029
1026 Sanborn Ave, Los Angeles, CA, 90029
$14,600,000
For Sale
$14,600,000
67-unit multifamily community in Silver Lake, Los Angeles.
Days on Market111
Property Features for 1026 Sanborn Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
South Bay Office
(310) 706-4400
Listed by
Gregory S. Harris · License #License(s): CA: 01186953
(310) 706-4400
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Bay Office
Investment Insights
Based on property information with market context.
Sienna on Sanborn presents an opportunity to acquire a four-building, 67-unit multifamily community in the Silver Lake submarket of Los Angeles. Constructed in 1928, the property has undergone $2.7M in capital expenditures by the current ownership, averaging over $40,000 per unit, to transform the community. Many of the property’s mechanical systems and building improvements have been addressed. 52 of the 67 unit interiors, representing 78% of the total, have been extensively renovated. These renovations include new cabinetry, stainless steel appliances, plank vinyl flooring, quartz countertops, backsplash, new dual-pane windows, recessed LED lighting fixtures, and upgraded plumbing fixtures. There is an opportunity to renovate the remaining 15 units (22%) and capture 13%+ upside in rental income.
Key Highlights
- $2.7M in recent capital expenditures ($40K+ per unit) have transformed the community.
- 52 of 67 units (78%) are extensively renovated with new cabinetry, stainless steel appliances, plank vinyl flooring, and quartz countertops.
- Opportunity to renovate the remaining 15 units (22%) and capture 13%+ upside in rental income.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Montecito at Sunset Junction
Apartment Building
Sienna on Sanborn
Apartment Building
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FAQs
What type of property is this?
Apartment building - 67-unit multifamily community in Silver Lake, Los Angeles.
Where is this apartment building located?
The property is located at 1026 Sanborn Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,600,000.
What are key features of this property?
This property features: $2.7M in recent capital expenditures ($40K+ per unit) have transformed the community.; 52 of 67 units (78%) are extensively renovated with new cabinetry, stainless steel appliances, plank vinyl flooring, and quartz countertops.; Opportunity to renovate the remaining 15 units (22%) and capture 13%+ upside in rental income.
