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$1,900,000
Est. payment /mo
8 Beds
8 Baths
5,977 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,977 sqft
Price per Sqft $317
MLS Listing ID 26866883
Bedrooms 8
HOA Y/N No
Year Built 1927
Lot Size 0.255 Acres
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD1.5
Interior
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Carport, Door-Multi, Garage
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5427005022
Special Listing Condition Standard
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Listed by Faye Bogari Bogari Agency #01335549
NEARBY SCHOOL & BUSINESS