Seller's Agent in 2025
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
(310) 270-8423
1 in this area
48 Total Sales
966 Sanborn Ave Los Angeles, CA 90029
12
Beds
10
Baths
7,821
Sq Ft
5,373
Sq Ft Lot
Highlights
- Solar Power System
- Wood Flooring
- ADA Compliant
- John Marshall Senior High Rated A
- Balcony
- Central Heating and Cooling System
About This Home
As of March 2025The offering is a brand-new, 2024-built townhome-style apartment building located in the highly sought-after neighborhood of Silver Lake, just steps from Sunset Junction. Constructed with a Senate Bill 8 exemption, the property is not subject to the restrictive Los Angeles Rent Control measures, making it an attractive investment opportunity. The property features four meticulously designed units spanning a total of 7,819 square feet, with an ideal unit mix (1) 4-bedroom, 3.5-bathroom, (1) 3-bedroom, 2.5-bathroom, (1) 3-bedroom, 2-bathroom & (1) 2-bedroom, 2-bathroom unit. Each unit is thoughtfully crafted with private rooftop decks, offering stunning views of Silver Lake. The interiors are finished with hardwood floors, recessed lighting, stainless steel appliances, and in-unit washers and dryers, providing tenants with modern conveniences and luxurious living spaces. Offered at $3,950,000, this turnkey investment opportunity delivers an immediate 5.53% CAP rate in one of Los Angeles' most desirable locations. The property has been built with exceptional attention to detail by one of Los Angeles' premier townhome developers, featuring custom home-level finishes that exude elegance and sophistication. Located just off Sunset Junction, the property boasts a Walk Score of 91, ensuring tenants have convenient access to some of the best dining, shopping, and entertainment options in Silver Lake. Nearby anchors include Erewhon, Silver Lake Farmer's Market, Bacari, Pine & Crane, and Intelligentsia Coffee, among many others. This is a rare opportunity to acquire a high-performing, new-construction asset in a premier Los Angeles location.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 01/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,983
Year Built
- Built in 2024
Lot Details
- 5,373 Sq Ft Lot
- Lot Dimensions are 50x107
Parking
- 8 Parking Spaces
Interior Spaces
- 7,821 Sq Ft Home
- 2-Story Property
- Wood Flooring
Kitchen
- Convection Oven
- Electric Cooktop
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- ADA Compliant
- Solar Power System
- Balcony
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Tenant pays for water, trash collection, electricity
- The owner pays for gardener
- Assessor Parcel Number 5427-008-043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2025
Closed on
Mar 5, 2025
Sold by
Horace Mann Partners Llc
Bought by
Mccann John
Seller's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
John McCann
The Agency
List Price
$3,950,000
Sold Price
$3,925,000
Premium/Discount to List
-$25,000
-0.63%
Total Days on Market
25
Views
9
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-74.18%
Original Mortgage
$1,132,100
Outstanding Balance
$1,131,152
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$1,743,596
Purchase Details
Closed on
Jul 7, 2022
Sold by
Wood Kenneth W
Bought by
Horace Mann Partners Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$838,500
Interest Rate
5.3%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,925,000 | Old Republic Title Company | |
| Grant Deed | $1,118,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,132,100 | New Conventional | |
| Previous Owner | $2,003,000 | Construction | |
| Previous Owner | $838,500 | Construction | |
| Previous Owner | $72,052 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Sold | $3,925,000 | -0.6% | $502 / Sq Ft |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $3,950,000 | +253.3% | $505 / Sq Ft |
| 09/14/2022 09/14/22 | Sold | $1,118,000 | +54.2% | $966 / Sq Ft |
| 04/25/2022 04/25/22 | Pending | -- | -- | -- |
| 04/16/2022 04/16/22 | For Sale | $725,000 | -- | $627 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,983 | $1,140,360 | $912,288 | $228,072 |
| 2023 | $13,711 | $1,118,000 | $894,400 | $223,600 |
| 2022 | $3,473 | $279,540 | $224,007 | $55,533 |
| 2021 | $3,426 | $274,060 | $219,615 | $54,445 |
| 2019 | $3,325 | $265,933 | $213,102 | $52,831 |
| 2018 | $3,241 | $260,720 | $208,924 | $51,796 |
| 2016 | $3,089 | $250,598 | $200,812 | $49,786 |
| 2015 | $3,044 | $246,835 | $197,796 | $49,039 |
| 2014 | $3,060 | $242,001 | $193,922 | $48,079 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Monempour
-
John McCann
Buyer's Agent in 2025
John McCann
The Agency
(340) 998-0423
1 in this area
15 Total Sales
-
John Matukas
Seller's Agent in 2022
John Matukas
eXp Realty of Greater Los Angeles
(323) 377-4961
1 in this area
10 Total Sales
Map
Source: The MLS
MLS Number: 25-479121
APN: 5427-008-043
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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