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Josh Canova

josh.canova@evrealestate.com +1(858) 361-7010

$ 3,600,000

Est. payment -/mo

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Active

3209 Descanso Dr Los Angeles, CA 90026

6 Beds

17 Baths

10,559 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,559 sqft

Price per Sqft $340

MLS Listing ID 26670235

Bedrooms 6

Year Built 1928

Lot Size 5,499 Sqft

Acres 0.1262

Property Sub-Type Multi-Family

Property Description

We are pleased to present 3209 Descanso Drive, a 17-unit apartment community located in the Silver Lake neighborhood of Los Angeles, located on the corner of Descanso Dr and Larissa Dr, just off of Sunset Blvd. Ownership has completed recent common area capital improvements such as new entrance stairs, exterior paint, new fence, new access control video intercom system and wall heater replacement for select units. There is also RUBS in place, and a common area laundry room with two washers and two dryers. The property consists of nine singles, seven one-bedrooms, and one two-bedroom ADU in the basement that is currently under construction and is scheduled to be completed in May 2026. Many units have undergone interior renovations including luxury vinyl plank flooring, new paint, lighting fixtures, stainless steel appliances, tile bathrooms, and custom cabinetry. Within walking distance to neighborhood restaurants, retail, and entertainment venues along Sunset Blvdincluding Pine & Crane, Bacari Silver Lake, Intelligentsia Coffee, and Erewhon Marketthe property provides convenient access to surrounding Silver Lake amenities. The asset features a Walk Score of 96 ("Walker's Paradise"), 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 Blvd. There is strong existing cash flow with the property being offered at a 6.49% CAP rate and 9.68 GRM on current income. Silver Lake continues to attract a mix of young professionals, creatives, and families drawn to its neighborhood feel and concentration of restaurants, boutiques, coffee shops, and entertainment along the Sunset corridor.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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