3209 Descanso Drive, Los Angeles, CA 90026

Los Angeles
Local realty services provided by:ERA Carlile Realty Group
3209 Descanso Drive,Los Angeles, CA 90026
$3,500,000
  • 9 Beds
  • 18 Baths
  • 10,559 sq. ft.
  • Multi-family
  • Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26107703
Source:CRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$331.47

About this home

We are pleased to present 3209 Descanso Drive, a 17-unit apartment building in the heart of Silver Lake, situated at the corner of Descanso Drive and Larissa Drive just off Sunset Boulevard. The unit mix consists of nine singles, seven one-bedroom units, and a newly completed two-bedroom, two bath ADU in the basement. The ADU is currently vacant, giving a buyer the opportunity to lease it at market rent immediately upon closing. Offered at $3,500,000, the property is priced at a 6.58% CAP rate and 9.79 GRM on current income, with approximately 23% rental upside to an 8.70% CAP rate on pro forma rents. Attractive assumable financing is also available. Please consult the listing agent for further details. Ownership has made substantial capital investments in the building, including new front entry stairs completed in compliance with SB 721 balcony inspection requirements, stucco repair, full exterior paint, a new perimeter fence, a video intercom access control system, and wall heater...

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Home facts

  • Year built:1928
  • Listing ID #:26107703
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:18
  • Living area:10,559 sq. ft.

Structure and exterior

  • Year built:1928
  • Building area:10,559 sq. ft.
  • Lot area:0.13 Acres

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$331.47
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