Multifamily Housing - For Sale
3366 Descanso Drive Los Angeles, CA 90026
Details & Description
Price: $2,998,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.130
  • Building Sq Ft 2,000
  • Building Price per Sq Ft $1,499.00
  • Land Sq Ft 5,662
  • Land Price per Sq Ft $529.49
3366 Descanso Dr is the finest collection of renovated Silver Lake apartments. Uniquely appointed with high-end finishes for discerning Eastside tenants. The light-filled, open floor plan units feature Cedar and Moss lighting, Schoolhouse hardware, Cle tile, Kohler fixtures, Samsung appliances, central AC/heat, and artistic touches. Ideally located at the top of the painted Descanso Stairway leading you directly onto Sunset Blvd and all neighborhood restaurants, shops, and retail. Each unit comes with an assigned parking space and free washer/dryer use. The attentive property management team of Figure 8 may also be retained by the Buyer for a completely turnkey, passive income property experience. 6 of the 7 units have been completely remodeled leaving additional room for upside once the last unit is brought to market rent. 4.65% CAP / 16.1 GRM (current). 5.2% CAP / 14.5 GRM (proforma)
Listing Agents
Nick Fichera

O: 213-975-1194
M: 630-460-0820
nick@figure8re.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3366 Descanso Drive

Los Angeles, CA 90026

Listing ID: 235912
$2,998,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.130
  • Building Sq Ft 2,000
  • Building Price per Sq Ft $1,499.00
  • Land Sq Ft 5,662
  • Land Price per Sq Ft $529.49
3366 Descanso Drive Los Angeles, CA 90026 | for Sale | Photo 1
Description

3366 Descanso Dr is the finest collection of renovated Silver Lake apartments. Uniquely appointed with high-end finishes for discerning Eastside tenants. The light-filled, open floor plan units feature Cedar and Moss lighting, Schoolhouse hardware, Cle tile, Kohler fixtures, Samsung appliances, central AC/heat, and artistic touches. Ideally located at the top of the painted Descanso Stairway leading you directly onto Sunset Blvd and all neighborhood restaurants, shops, and retail. Each unit comes with an assigned parking space and free washer/dryer use. The attentive property management team of Figure 8 may also be retained by the Buyer for a completely turnkey, passive income property experience. 6 of the 7 units have been completely remodeled leaving additional room for upside once the last unit is brought to market rent. 4.65% CAP / 16.1 GRM (current). 5.2% CAP / 14.5 GRM (proforma)

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Los Angeles History of Multifamily Housing for Sale

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Los Angeles Area Market Trends

Listing Demographics for 3366 Descanso Drive Los Angeles, CA 90026

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population54,711535,9511,129,898
Population Median Age383737
Population by Age0-9 Yrs4561 (8%)55708 (10%)112957 (9%)
10-19 Yrs4153 (7%)48256 (9%)113040 (10%)
20-29 Yrs10256 (18%)100997 (18%)219322 (19%)
30-39 Yrs12239 (22%)105443 (19%)208120 (18%)
40-49 Yrs8052 (14%)75184 (14%)156426 (13%)
50-59 Yrs6733 (12%)61333 (11%)130766 (11%)
60-69 Yrs4812 (8%)46551 (8%)97766 (8%)
70+ Yrs3904 (7%)42479 (7%)91501 (8%)
Median HH Income$65,111$47,952$50,241
Total Household Income< 24K4292 (19%)58146 (27%)117754 (27%)
25-49K4354 (20%)51454 (24%)96984 (22%)
50-74K3556 (16%)35224 (16%)68843 (15%)
75-99K2705 (12%)22094 (10%)44941 (10%)
100-199K4713 (21%)32622 (15%)73067 (16%)
200K+2034 (9%)12510 (5%)29318 (6%)
Highest Education LevelNo Diploma7675103639202164
Diploma or GED765573053151738
Some College708557192123628
Assoc. Degree23662134248212
Bachelors Degree1261299552199308
Higher Degree52123987186526
Total Housing Units23,833234,010474,137
--Owner-Occupied4,92629,25178,109
--Renter-Occupied16,728182,798352,797
Owner-Occupied Values< 100K674901341
100-199K864501066
200-299K918022723
300-399K11114545424
400-499K16318547629
500K+44082420159926
Total Working Age Population47,782451,606953,188
In Work Force34,427316,949642,959
Not In Work Force13,356134,656310,230
Workforce Employed32,370296,997598,406
Workforce Unemployed2,05619,90244,236
Civlian Workforce34,427316,899642,642
Military Workforce050316
Total Households21,654212,049430,906
Family Households10,151105,519216,509
Non-Family Households11,503106,530214,397
Married Couple6,18763,523133,777
Other Family3,96441,99782,733
Married w/Child2,19325,15852,327
Single Male w/Child2295,35510,151
Single Female w/Child1,17512,30224,367

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Los Angeles International Airport (LAX) 12
John Wayne Airport-Orange County Airport (SNA) 37
Ontario International Airport (ONT) 39
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