Sienna on Sanborn — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90029

Investment Figures

Cap rate
5.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Institutional Property Advisors (“IPA”), as the exclusive listing agent, is pleased to present the opportunity to acquire Sienna on Sanborn (the “Property”), a four-building, 67-unit multifamily community located in the Silver Lake submarket of Los Angeles. Originally constructed in 1928, current ownership has spent $2.7M ($40K+ per unit) on capital expenditures to completely transform the community. Many of the Property’s mechanical systems and building improvements have been addressed which allows investors to focus almost entirely on high return on investment interior renovations moving forward. 52 of the 67 unit interiors (78%) have been extensively renovated, including new cabinetry, new stainless steel appliances, plank vinyl flooring, quartz countertops, backsplash, new dual-pane windows, recessed LED lighting fixtures, and upgraded plumbing fixtures. Investors will have the opportunity to follow this proven interior renovation strategy in the remaining 15 units (22%) and capture 13%+ upside in rental income. Investment Highlights: • A COMPELLING TURN-KEY WITH UPSIDE - Sienna on Sanborn offers investors a proven interior renovation scope to emulate and capture 13%+ in remaining rental income upside. • COMMON AREA CAPEX NEEDS ALREADY ADDRESSED - Investors will be able to focus almost entirely on high return on investment interior renovations in the remaining unrenovated units. • HIGH IMPACT IMPROVEMENTS - Notable capital improvements include upgraded electrical systems and replacing all of the windows throughout the community. • NEAR SUNSET JUNCTION IN SILVER LAKE - Silver Lake is a high demand rental market. 90% of the population are renters and 44% are between the ages of 20 and 44. The median home value is over $1.7M which prices most of the population out of home ownership. • A TRUE LIVE, WORK, PLAY LOCATION - The Property offers residents a true live, work, play environment just steps from Virgil Village and Sunset Junction with some of the regions best

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.5% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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