Multifamily Housing
3366 Descanso Drive Los Angeles, CA 90026
Details & Description
Price: $2,998,000
    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)
    Property ID:    235912
    Property URL: melqr.com/235912
    Generated:    04-27-24
    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.
    California / Los Angeles / 90026 / 3366 Descanso Drive

    3366 Descanso Drive

    Los Angeles, CA 90026

    Listing ID: 235912
    Print Single-Page Version
    3366 Descanso Drive Los Angeles, CA 90026 | for Sale | Photo 1
    Building Size: 2,000 SF
    Lot Size: 0.130 AC
    Land Size: 5,662 SF
    Building $/SF: $1,499.00
    Land $/SF: $529.49
    Price
    $2,998,000
    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.

    Common Questions and Answers

    What is the asking price for 3366 Descanso Drive in Los Angeles?
    The asking price for 3366 Descanso Drive is $2,998,000
    What is the building size of this Multifamily property in Los Angeles, CA?
    The size of the building/unit at 3366 Descanso Drive in Los Angeles is 2,000 square feet
    How much land does the Los Angeles, CA property at 3366 Descanso Drive include?
    3366 Descanso Drive in Los Angeles includes 0.130 acres of land
    What is the population within 1 mile of 3366 Descanso Drive in Los Angeles?
    The population within 1 mile of 3366 Descanso Drive Los Angeles, CA 90026 is 54,711 people.
    Who do I contact for questions about 3366 Descanso Drive?
    You should contact the listing agent, Nick Fichera, for any details regarding this commercial listing.

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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
    Price
    $2,998,000
    Listing Agent
    Nick Fichera - CRE Agent at

    Nick Fichera

    Figure 8 Realty

    VIEW AGENT PROFILE

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