3209 Descanso Dr Los Angeles, CA 90026
- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:40 am
Property Features for 3209 Descanso Dr
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Neema Ahadian License #CA: 01346750 (310) 909-5444
Listing office Los Angeles Office (310) 909-5444
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Silver Lake Multifamily Investment Opportunity
Located in the Silver Lake neighborhood of Los Angeles, this 17-unit apartment community is situated on the corner of Descanso Drive and Larissa Drive, just off Sunset Boulevard. The property comprises nine single units, seven one-bedroom units, and one two-bedroom ADU in the basement, which is currently under construction and scheduled for completion in May 2026. Many units have undergone interior renovations, featuring luxury vinyl plank flooring, new paint, lighting fixtures, stainless steel appliances, tile bathrooms, and custom cabinetry. Recent common area capital improvements include new entrance stairs, exterior paint, a new fence, a new access control video intercom system, and wall heater replacement for select units. A RUBS system is in place, and there is a common area laundry room with two washers and two dryers. The property is within walking distance of neighborhood restaurants, retail, and entertainment venues along Sunset Boulevard, including Pine & Crane, Bacari Silver Lake, Intelligentsia Coffee, and Erewhon Market. The asset has a Walk Score of 96, 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 Boulevard. Silver Lake attracts young professionals, creatives, and families drawn to its neighborhood feel and concentration of amenities along the Sunset corridor.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2756
- Latitude
- 34.08533
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 17-unit apartment community in the Silver Lake neighborhood.
Where is this apartment building located?
The property is located at 3209 Descanso Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Strong existing cash flow with a 6.49% CAP rate and 9.68 GRM on current income.; Prime Silver Lake location with a Walk Score of 96, providing convenient access to Sunset Blvd amenities.; Newly constructed two‑bedroom ADU (Accessory Dwelling Unit) scheduled for completion in May 2026.
