3376 Descanso Drive

    Los Angeles (City), CA 90026
    • $2,150,000
    • STATUS: Active
    • ON SITE: 145 days
    • ID#: SB19124727
    UPDATED: 35 min ago
    $2,150,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,946
      SQFT
    • $545
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Price reduced by $50K for this well-located 7 unit Silverlake listing at 3376 Descanso Drive, LA 90026. Featuring a solid unit mix with a recently remodeled 1+2 Townhome; four 1+1 units, and two studio units. The current gross income is $10,339/mth; $124,068/yr with rent upside to $13,625/mth. At the $2.150 asking price, the property is priced at: $307,143/unit; a 17.33 current GRM; a 13.15 market GRM; a 3.67% current CAP; a 5.45% market CAP, and $545/SF. This Descanso property offers the astute investor positive cash flow from Day 1 with approx. 30% further rent upside in one of LA's hippest & most desirable submarkets. A+ location with breathtaking views of the Hollywood Sign; Griffith Park Observatory & the ever growing Downtown LA skyline from the upper units. Amazing devoted stairway straight down to Sunset Blvd making it a quick walk to a ton of great local spots including: Night+Market Song; Diablo; Los Globos; Silverlake Ramen; WOOD; Silverlake Lounge; Ali Mama Cafe, and Alfred Coffee. Also very conveniently located close to Bellevue Recreation Center & Laurel and Hardy Park for outdoor activities.

    Monthly Payment Calculator



    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/95277561

    3376 Descanso Drive Los Angeles (City), CA 90026

    • Price: $2,150,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SB19124727
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,946
    SQFT
    $545
    $/SQFT
    1964
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Price reduced by $50K for this well-located 7 unit Silverlake listing at 3376 Descanso Drive, LA 90026. Featuring a solid unit mix with a recently remodeled 1+2 Townhome; four 1+1 units, and two studio units. The current gross income is $10,339/mth; $124,068/yr with rent upside to $13,625/mth. At the $2.150 asking price, the property is priced at: $307,143/unit; a 17.33 current GRM; a 13.15 market GRM; a 3.67% current CAP; a 5.45% market CAP, and $545/SF. This Descanso property offers the astute investor positive cash flow from Day 1 with approx. 30% further rent upside in one of LA's hippest & most desirable submarkets. A+ location with breathtaking views of the Hollywood Sign; Griffith Park Observatory & the ever growing Downtown LA skyline from the upper units. Amazing devoted stairway straight down to Sunset Blvd making it a quick walk to a ton of great local spots including: Night+Market Song; Diablo; Los Globos; Silverlake Ramen; WOOD; Silverlake Lounge; Ali Mama Cafe, and Alfred Coffee. Also very conveniently located close to Bellevue Recreation Center & Laurel and Hardy Park for outdoor activities.
    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 124068.00 Gross Operating Income 120346.00 Gross Scheduled Income 124068.00 Insurance Expense 1578.00 Land Lease YN No Laundry YN Yes Net Operating Income 78889.00 New Construction YN No New Taxes Expense 26875.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 41457.00 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 124068.00 Total Expenses 41457.00 Trash Expense 0.00 Vacancy Allowance 3722 Water Sewer Expense 5600.00 Water Source Public Year Built Source Assessor Zoning Lar2

    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,