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6-Unit Apartment Building
For Sale
$1,599,000

2986 Waverly Dr, Los Angeles, CA 90039

Multifamily property with refreshed exterior, paved parking, and garage parking.

Property Size3,512 SF
Days on Market69

Property Features for 2986 Waverly Dr

General Information

Standard status Active
Size 3,512 SF
Property subtype MULTI_FAMILY

Units

Unit Mix 4 x 1BR, 2 x studio
Multifamily Units 6

Amenities

balcony

Building Details

Building Size 3,512 SF
Year Built 1956
Buildings 1
Listing Agency: Coldwell Banker Realty
Listed By: Richard Stanley · License #00971211
Source: Milsteinestates
Added: Jun 24 Changed: Aug 29 Last Checked: Aug 30 at 9:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

Built in 1956, this 6-unit apartment property includes four 1-bedroom residences and two studios. Select units feature updates, hardwood flooring, and views toward the surrounding hills, Downtown, and Silver Lake. Improvements include a newer roof, exterior paint, seismic work, soft-story upgrades, a retaining wall, and balcony enhancements. Parking consists of two double garages plus uncovered off-street tenant spaces.

The property is located at 2986 Waverly Dr in Los Angeles, near the Hyperion and Rowena commercial hub, Silver Lake Reservoir, Ivanhoe School, and the public library. One unit is to be delivered vacant after 7-31-2026.

Key Highlights

  • 6‑unit apartment property with four 1‑bedroom units and two studios
  • One unit to be delivered vacant after 7‑31‑2026
  • Two double garages plus uncovered off‑street tenant parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Computer & Electronic Repair Carpet & Flooring Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,377
Businesses Nearby

Demographics for 90039, CA

28,059
Population
13,332
Households
2.1
Avg Household Size
40
Median Age
57%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
7,794
Density / Sq Mi
$105,578
Median Household Income
$56,121
Median Earnings
$2,149
Median Rent
$1,202,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with refreshed exterior, paved parking, and garage parking.
Where is this apartment building located?
The property is located at 2986 Waverly Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 6‑unit apartment property with four 1‑bedroom units and two studios; One unit to be delivered vacant after 7‑31‑2026; Two double garages plus uncovered off‑street tenant parking
More about this property
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