1118 Sanborn Avenue

Los Angeles, CA 90029

$1,995,000
Price
6
Beds
6
Baths
3,110 Sq. Ft.
$641 / Sq. Ft.
3,110
Sq. Ft.
$641
per Sq. Ft.

Description

See marketing package in docs section. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the rare opportunity to acquire 1118-1120 Sanborn Ave. a five (5) unit residential property consisting of one freestanding single-family home, originally built prior to 1920 and substantially rebuilt in 1980 and two duplexes built in the 1920s. The property is located one parcel north of Sunset Blvd and steps away from Sunset Junction, in the heart of the upscale Silver...See marketing package in docs section. The Highlight Group of Equity Union as the exclusive listing agent is pleased to present the rare opportunity to acquire 1118-1120 Sanborn Ave. a five (5) unit residential property consisting of one freestanding single-family home, originally built prior to 1920 and substantially rebuilt in 1980 and two duplexes built in the 1920s. The property is located one parcel north of Sunset Blvd and steps away from Sunset Junction, in the heart of the upscale Silver Lake neighborhood of Los Angeles. The unparalleled location and free-standing single family home makes the property a great fit for both an investor or an owner-occupier. 2bed+2bath House: The approximately 1,250 square foot single -story house is freestanding at the rear of the lot and features an open entryway that leads into a living area and a large open kitchen that is complete with a bar stool countertop area for entertaining. Most of the flooring is bamboo with also some large knotty pine plank flooring in select areas. The bedrooms are very large and there is a full master bath and second full bath in the common area. The master bedroom also features a large private patio accessible through a sliding glass door that has just been fully rebuilt. A full-sized laundry room also sits next to the kitchen for convenience. A gray shingle roof was installed in 2014. The electrical panel and electrical service to the house was just upgraded as well. Large Outdoor Patio: Both the kitchen and common area of the house open to a large outdoor patio that has just been fully rebuilt and is perfect for entertaining. The patio area is large enough that it may present an opportunity to replace it with additional living square footage or a separate ADU unit with its own entrance. Buyers will need to do their own due diligence to see if these expansion/ADU opportunities are viable. Duplex Upper Units: The two upstairs 1bed+1bath units each feature a large front porch and patio area for tenants to utilize as additional space. These units also feature an additional room off the back of the kitchen that can be used as an office. Unit 1120 (upper left duplex unit when facing the property) has been renovated with a modern kitchen, a stacked washer/dryer and a modern bathroom, both with dimmable LED lighting. This unit also features the original Douglas Fir floors in the living area and brand-new windows. Unit 1118 1/2 (upper right duplex unit when facing the property)has not been modernly renovated but is still in good condition. It has a classic claw foot bathtub adding significant charm. This unit also features a storage building next to the street level patio. Duplex Lower Units: The two downstairs 1bed+1bath units each feature very large private rear outdoor patios/wood decks that can be accessed from the kitchens and both decks were just fully rebuilt. These units also feature an additional room off the back of the kitchen that feels like an open atrium. Unit 1120 (lower left duplex unit when facing the property) has been improved over time and has a very "Silver Lake" feel to it. There is room in the kitchen to add a stackable washer/dryer similarly to what was done in Unit 1120 1/2 upstairs. Unit 1118 (lower right duplex unit when facing the property) has the most unique feel of all the duplex units. Crown molding is abundant, and the entire unit features the original Douglass Fir wood flooring. The kitchen has been opened to the main living area in this unit and has been updated to a modern style but still features the original stainless countertop with glass cabinet on top. The bathroom is modern but has kept the claw foot bathtub. This unit features a separate laundry room in the back of the kitchen that also provides access to the back patio.
  1. Listed by Josh Kaplan • DRE #01934177 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Troy Lucero Jr. • DRE #02015705 • Brokerage DRE #01342342 • Equity Union

Property Details for 1118 Sanborn Avenue

Zoning
LARD2
Parcel Number
5429013006
Total Units
5.0
Living Area
3110
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
6252
LISTING UPDATED: 12/20/2024 02:44 PM

Property Details for 1118 Sanborn Avenue

StatusActive
MLS #24-450439
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.14 AC / 6,252 SF
CountyLos Angeles County

Building Information for 1118 Sanborn Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.14 AC / 6,252 SF

Property Information for 1118 Sanborn Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $118,956
  • Net Operating Income: $83,771.00
  • Gross Income: $118,956
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $16.80
  • Total Annual Expense: 35185
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6252
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,708.00
  • Unit Actual Rent: $2,708.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,801.00
  • Unit Actual Rent: $7,205.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $378,746.00
  • Assessed Improvement Percent: 37.5
  • Assessed Land Value: $631,251.00
  • Assessed Land Percent: 62.5
  • Assessed Total Value: $1,009,997.00

Property History for 1118 Sanborn Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1118 Sanborn Avenue

Taxable ValueLand$643,876Additions$386,320Total$1,030,196
Tax Record2024$13,148 ($1,096 / month)
Home Facts
Total Finished SqFt3,110 SqFtAbove Grade Finished SqFt3,110 SqFtLot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1980ZoningLARD2CountyLOS ANGELESAPN5429-013-006

Schools near 1118 Sanborn Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Micheltorena Street Elementary School
Public - K to 5
Thomas Starr King Middle School
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
Lexington Avenue Primary Center
Public - K to 2
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1118 Sanborn Avenue, Los Angeles, CA 90029

1118 Sanborn Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on October 8, 2024 by Equity Union, it's currently listed at $1,995,000. It has been on the market for a total of 74 days and was last sold on March 4, 2008. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 1118 Sanborn Avenue is a 6-bed, 6-bath, 3,110 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Josh Kaplan, DRE #01934177; Equity Union, Troy Lucero Jr., DRE #02015705

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.