905 Sanborn Ave, Los Angeles, CA 90029

Property Description

ARE 11-UNIT SILVER LAKE INVESTMENT PORTFOLIO OPPORTUNITY OFFERED TOGETHER FOR $1,900,000. 905-907 Sanborn Avenue and 904-906 Manzanita Street present a rare opportunity to acquire two adjoining LARD1.5-zoned income properties with separate APNs, totaling approximately 11,110 square feet of land and 5,977 square feet of improvements. Combined current annual gross income is approximately $172,488, including the rented garage. The properties are offered exclusively as one transaction and must be sold and close escrow together pursuant to a recorded covenant affecting both parcels. The two properties have separate APNs but share an open yard area with no fence or wall separating the parcels. Their contiguous configuration, dual-street frontage, and LARD1.5 zoning may provide additional long-term development or redevelopment potential, subject to buyer verification and approval by the appropriate governmental authorities. Ideally located in the heart of Silver Lake, the properties are within walking distance of Erewhon Market, popular restaurants, cafes, boutiques, and neighborhood amenities, with convenient access to Los Feliz, Hollywood, Downtown Los Angeles, and major employment centers. Buyer shall independently verify all square footage, lot size, legal unit count, permits, rents, rent-control status, zoning, property boundaries, garage income, basement/studio status, development potential, and all other information deemed material to the purchase. Please do not disturb the occupants or enter either property without an appointment and accompaniment by the listing broker.