3315 Larissa Drive

    Los Angeles (City), CA 90026
    • $2,850,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: SB19124721
    UPDATED: 54 min ago
    $2,850,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,014
      SQFT
    • $406
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Reduced price makes this trophy 8 unit Silverlake listing at 3315 Larissa Drive, LA 90026 a very attractive investment now. Featuring a great unit mix with: one 3+2 unit; three 2+1 units, and four 1+1 units (one unit is potentially non-conforming so buyer to verify w City & satisfy themselves). The current gross income is approx. $13,890/mth; $166,680/yr. At the new $2,850,000 asking price, the property is priced at:$356,250/unit; a 17.10 current GRM; a 12.94 market GRM; a 3.47% current CAP; a 5.29% market CAP, and $406/SF. This unique Larissa property offers the astute investor positive cash flow from Day 1 with fantastic further rent upside in one of LA's most sought after & most rapidly appreciating submarkets. A+ location steps from Sunset Blvd & an easy walk to a ton of great restaurants/shops/cafes including: Night+Market Song; Ali Mama Cafe; Hache; Alfred Coffee; Trois Familia; Mollusk Surf Shop; and APC. Also very conveniently located close to Micheltorena Elementary School.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/95277559

    3315 Larissa Drive Los Angeles (City), CA 90026

    • Price: $2,850,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SB19124721
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    7,014
    SQFT
    $406
    $/SQFT
    1925
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Reduced price makes this trophy 8 unit Silverlake listing at 3315 Larissa Drive, LA 90026 a very attractive investment now. Featuring a great unit mix with: one 3+2 unit; three 2+1 units, and four 1+1 units (one unit is potentially non-conforming so buyer to verify w City & satisfy themselves). The current gross income is approx. $13,890/mth; $166,680/yr. At the new $2,850,000 asking price, the property is priced at:$356,250/unit; a 17.10 current GRM; a 12.94 market GRM; a 3.47% current CAP; a 5.29% market CAP, and $406/SF. This unique Larissa property offers the astute investor positive cash flow from Day 1 with fantastic further rent upside in one of LA's most sought after & most rapidly appreciating submarkets. A+ location steps from Sunset Blvd & an easy walk to a ton of great restaurants/shops/cafes including: Night+Market Song; Ali Mama Cafe; Hache; Alfred Coffee; Trois Familia; Mollusk Surf Shop; and APC. Also very conveniently located close to Micheltorena Elementary School.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 166680.00 Gross Operating Income 161680.00 Gross Scheduled Income 166680.00 Insurance Expense 2806.00 Land Lease YN No Laundry YN Yes Net Operating Income 98981.00 New Construction YN No New Taxes Expense 35625.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 62699.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 166680.00 Total Expenses 62699.00 Trash Expense 0.00 Vacancy Allowance 5000 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Matthew Dunfrund of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,