$3,600,000

3209 Descanso Drive, Los Angeles, CA 90026

  • 6 beds |
  • 17 baths |
  • 10,559 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon5,497sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $341/sqft
  • Property List Date Icon Listed 6 days ago

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.

Listing Status:
Active
Date Added:
March 26, 2026
Data Last Updated:
April 2, 2026 at 12:19AM
Listing Office:
Marcus & Millichap : 310-909-5500
Listing Agent:
Neema Ahadian : 310-909-5444
MLS ID:
26670235
  • A/C: None
  • Heating: None
  • Parking: Parking spaces: 0
  • General: 0
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LAR35426007001
  • Source: CRMLS_CL

This listing courtesy of Neema Ahadian , Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Micheltorena Elementary

1511 Micheltorena St, Los Angeles, CA, 90026

Grades KG-5

0.27 miles away

T

Thomas Starr King Middle School

4201 Fountain Ave, Los Angeles, CA, 90029

Grades 6-8

0.80 miles away

J

John Marshall High School

3939 Tracy St, Los Angeles, CA, 90027

Grades 9-12

1.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.