Back to Search
Silver Lake Multifamily Investment Opportunity

3209 Descanso Dr Los Angeles, CA 90026

3209 Descanso Dr, Los Angeles, CA, 90026
$3,600,000
For Sale
$3,600,000

17-unit apartment community in the Silver Lake neighborhood.

Days on Market111

Property Features for 3209 Descanso Dr

General Information

Standard status
Active
Property subtype
Multifamily
Listing agency Marcus & Millichap
Listed by Neema Ahadian · License #License(s): CA: 01346750
Source Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 6:52AM

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 Marcus & Millichap


Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Pharmacy Tech Support Center Accounting Firm Travel Agency Catering Service Skin Care Clinic (Bike/Boat/Book/etc) Store Barber Shop

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

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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message