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… Read More 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. Read Less
Property listed by Equity Union, Josh Kaplan 818-989-2000
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,110
Lot Size
0.14 Acres
Year Built
1920
MLS Number
24450439
30 Days Snapshot Of 90029
$995k
-15%
(avg) sold price
3
0%
homes sold
38
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1920, Building area total: 3,110, Levels: MultiSplit, Living area: 3110, 3 buildings
Income
Gross income: $118,956, Net operating income: $83,771
Lot
0.1435 acres, 6,252 square feet, Size: 6,252
Property
Zoning: LARD2
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