20
See all 20 photos
$3,600,000
Est. payment /mo
6 Beds
17 Baths
10,559 SqFt
Active
3209 Descanso DR Los Angeles, CA 90026
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,559 sqft
Price per Sqft $340
MLS Listing ID 26670235
Bedrooms 6
HOA Y/N No
Year Built 1928
Lot Size 5,497 Sqft
Property Description
We are pleased to present 3209 Descanso Drive, a 17-unit apartment community located in the Silver Lake neighborhood of Los Angeles, located on the corner of Descanso Dr and Larissa Dr, just off of Sunset Blvd. Ownership has completed recent common area capital improvements such as new entrance stairs, exterior paint, new fence, new access control video intercom system and wall heater replacement for select units. There is also RUBS in place, and a common area laundry room with two washers and two dryers. The property consists of nine singles, seven one-bedrooms, and one two-bedroom ADU in the basement that is currently under construction and is scheduled to be completed in May 2026. Many units have undergone interior renovations including luxury vinyl plank flooring, new paint, lighting fixtures, stainless steel appliances, tile bathrooms, and custom cabinetry. Within walking distance to neighborhood restaurants, retail, and entertainment venues along Sunset Blvdincluding Pine & Crane, Bacari Silver Lake, Intelligentsia Coffee, and Erewhon Marketthe property provides convenient access to surrounding Silver Lake amenities. The asset features a Walk Score of 96 ("Walker's Paradise"), allowing residents to accomplish most daily errands without a vehicle, and is one mile from the Metro Red rail line and steps to multiple Metro local lines on Sunset Blvd. There is strong existing cash flow with the property being offered at a 6.49% CAP rate and 9.68 GRM on current income. Silver Lake continues to attract a mix of young professionals, creatives, and families drawn to its neighborhood feel and concentration of restaurants, boutiques, coffee shops, and entertainment along the Sunset corridor.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5426007001
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap #01346750
Nearby Locations
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