Skip to content
Figure 8 Realty
  • Home
  • Agents
  • Biography
  • Properties
    • Residential
    • Commercial
    • Management
  • Blog
  • Contact
Search for:
Menu Close
  • Home
  • Agents
  • Biography
  • Properties
    • Residential
    • Commercial
    • Management
  • Blog
  • Contact

Income

SOLD: 3366 Descanso Dr – Turnkey Investment Property

$2,930,000

sold

Click Me

stats

units

7

highlight

6 Fully Renovated Units

property

Professionally Managed

area

Prime Silver Lake Location

lot

0.13 AC

parking

Lot on property

highlight

Designer Finishes

highlight

Cap Rate: 4.65%

details

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)

location

3366 Descanso Dr

Los Angeles

photos

d1
d2
d3
d4
d5
d6
d7
d8
d9
d10
d11
d12
d13
d14
d15
d16
d17
d19
d20
d21

contact

Nick
Fichera

Commercial Director

(630) – 460 – 0820

nick@figure8re.com

  •  
Figure 8 Realty | 1509 West Sunset Boulevard Suite B | Los Angeles, CA 90026 | (213) - 537 - 0114 | Login

Figure 8 Realty | Highland Park Office | 5683 York Blvd | Los Angeles, CA 90042 | (323) - 507 - 2114

Broker | Ed Faktorovich | BRE #01401897