3209 Descanso Drive

    Los Angeles (City), CA 90026
    • $4,550,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 18351492
    Price Reduced
    UPDATED: 74 min ago
    $4,550,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,583
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present 3209 Descanso Drive, a 16 unit apartment community in L.A.'s most compelling rental market, Silver Lake, CA (90026). The offering, built in 1928, is less than one block from the iconic Sunset Blvd., and mere steps away from nearby entertainment venues.The current ownership has executed an impressive renovation strategy that has attracted and supported excellent market rents with well qualified residents. 3209 Descanso consists of Nine (9) Singles, and Seven (7) One Bedroom-One Bathroom apartmenthomes.Eight (8) of the sixteen (16) apartment homes (50% of units) feature re-imagined interiors with expanded doorways / inner spaces, gut-level renovations. 3209 Descanso Drive has 8 remaining unrenovated units allowing for future increased rent potential as the remaining units turn over. * * Please email listings agents for Full Offering Memorandum * *

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T15:30:10.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84293516

    3209 Descanso Drive Los Angeles (City), CA 90026

    • Price: $4,550,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: 18351492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    9,583
    SQFT
    $475
    $/SQFT
    1928
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    We are pleased to present 3209 Descanso Drive, a 16 unit apartment community in L.A.'s most compelling rental market, Silver Lake, CA (90026). The offering, built in 1928, is less than one block from the iconic Sunset Blvd., and mere steps away from nearby entertainment venues.The current ownership has executed an impressive renovation strategy that has attracted and supported excellent market rents with well qualified residents. 3209 Descanso consists of Nine (9) Singles, and Seven (7) One Bedroom-One Bathroom apartmenthomes.Eight (8) of the sixteen (16) apartment homes (50% of units) feature re-imagined interiors with expanded doorways / inner spaces, gut-level renovations. 3209 Descanso Drive has 8 remaining unrenovated units allowing for future increased rent potential as the remaining units turn over. * * Please email listings agents for Full Offering Memorandum * *
    Exterior Features

    Lot Size Units Square Feet Parking Features Street Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.70 Gross Multiplier 17.57 Gross Operating Income 271717.00 Improvements Amount 867000 Land Value 2040000 Laundry YN Yes Net Operating Income 175314.00 Special Listing Conditions Standard Total Expenses 90969.00 Zoning Lar3

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and Adam Zunder of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T15:30:10.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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