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1026 SANBORN AVE Avenue, Los Angeles, CA 90029

Property Details

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1026 SANBORN AVE Avenue
Los Angeles, CA 90029

For Sale: $20,500,000

Property Type: Commercial Apartments
MLS#: 18362086

  • Building Size: 36900 SF
  • Lot Size: 25983 SF
  • Number of Units: 67
  • Number of Stories: 2
  • Year Built: 1928
  • Days on market: 77
  • Cap Rate: 3.77
  • Net Operating Income: $772,386
  • Gross Scheduled Income: $1,281,315
  • Rent Control: No
  • GRM: 15.39
  • Contact Listing Agent Direct:
  • Matthew R. Kanner, Keller Williams Realty Los Fel


Property Description

We are proud to present 1026-1036 Sanborn Ave & 1037 Hyperion Ave, a 67-unit apartment community consisting of 4 contiguous, 1920s charming Spanish-style buildings in the hippest neighborhood in Los Angeles-Silver Lake. The unit mix consists of 61 Singles and 6 (1+1). Approximately 20% of the current residents are legacy tenants who were inherited by the current ownership. Most of the units have been renovated at different times throughout the current ownership's tenure, which spans over a decade. This portfolio presents a unique opportunity to own a well-managed, high-yielding, trophy asset with pristine grounds and true value-add aspects in one of the hottest sub-market in Los Angeles. 1026 Sanborn Ave (APN: 5427-007-025)--17-units 1030 Sanborn Ave (APN: 5427-007-024)--18-units 1036 Sanborn Ave (APN: 5427-007-023)--16-units1037 Hyperion Ave (APN: 5427-007-009)--16 units


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1026 SANBORN AVE Avenue, Los Angeles, CA 90029

Based on information from California Regional Multiple Listing Service, Inc. as of September 1, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Matthew R. Kanner, Keller Williams Realty Los Fel

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