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    Silver Lake Multifamily Investment Opportunity Title is generated by Realmo AI

    3209 Descanso Dr, Los Angeles, CA 90026

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    For Sale
    $3,600,000

    17-unit apartment community in the Silver Lake neighborhood.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:40 am

    Property Features for 3209 Descanso Dr

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

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    Listing Contact
    Neema Ahadian

    Listing agent Neema Ahadian License #CA: 01346750

    Listing office Los Angeles Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Los Angeles Office

    HighLights

    • 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.
    • Many units feature interior renovations including luxury vinyl plank flooring, new paint, and stainless steel appliances.
    • Recent common area capital improvements include new entrance stairs, exterior paint, and a new access control video intercom system.
    • RUBS (Ratio Utility Billing System) in place and a common area laundry room available.

    Overview

    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2756
    Latitude
    34.08533

    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.
    More about this property
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