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Apartment Building with Rooftop Deck
For Sale
$4,000,000

3348 Descanso Dr, Los Angeles, CA 90026

Vacant three-story property offers 26 residential rooms, shared shower facilities, and extensive common areas for a co-living configuration.

Property Size13,319 SF
Price / SF$300.32
Days on Market67

Property Features for 3348 Descanso Dr

General Information

Standard status Active
Size 13,319 SF
Elevators Yes
Property subtype Multifamily Development Opportunity

Amenities

commercial kitchen
cafeteria
laundry facility
outdoor patio
common meeting area
rooftop deck

Building Details

Building Size 13,319 SF
Year Built 1964
Buildings 1
Stories 3
Listing Agency:
Listed By: Jack Jorgensen · License #CalDRE #02022727
Source: Younglewin
Added: Jun 25 Changed: Aug 29 Last Checked: Aug 29 at 3:54PM

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 Jack Jorgensen

Investment Insights

Based on property information with market context.

This vacant apartment building contains 13,319 SF across three stories and was constructed in 1964. The layout includes 26 residential rooms, two apartment units with private bathrooms, and shared jack-and-jill shower facilities serving rooms with individual toilets and sinks. Ground-floor improvements include a commercial kitchen, cafeteria, laundry area, storage, and a patio extending along the building. Additional interior space includes a common meeting area, administrative offices, and staff bathrooms on each level.

A rooftop deck provides views toward Downtown Los Angeles and the surrounding Silver Lake area. The building is located near Sunset Boulevard and includes an elevator serving all floors, though the elevator is currently non-operational. The property is presented as a potential co-living conversion or repositioning project, subject to applicable approvals and due diligence.

Key Highlights

  • 13,319 SF vacant building constructed in 1964
  • Three‑story layout with 26 residential rooms
  • Commercial kitchen, cafeteria, laundry, storage, meeting, and administrative areas

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Tech Support Center Catering Service Travel Agency Barber Shop

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

Location Intelligence

Trade Area within ½ mile

1,747
Businesses Nearby

Demographics for 90026, CA

63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
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 - Vacant three-story property offers 26 residential rooms, shared shower facilities, and extensive common areas for a co-living configuration.
Where is this apartment building located?
The property is located at 3348 Descanso Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 13,319 SF vacant building constructed in 1964; Three‑story layout with 26 residential rooms; Commercial kitchen, cafeteria, laundry, storage, meeting, and administrative areas
More about this property
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