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Apartments For Sale • 10,559 SF
| The Neema Group of Marcus & Millichap is pleased to present 3209 Descanso Drive, a 17-unit apartment community located in the Silver Lake neighborhood |
| The property consists of nine singles, seven one-bedrooms, and one two-bedroom ADU in the basement that is currently under construction |
| Many units have undergone interior renovations |
| There is strong existing cash flow with the property being offered at a 6.49% CAP rate and 9.68 GRM on current income. |
| Recent common area capital improvements such as new entrance stairs, exterior paint, new fence, new access control video intercom system |
| There is also RUBS in place, and a common area laundry room with two washers and two dryers. Select units have new wall heater replacement. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 7 min | - | 3.4 mi | |
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.6 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 23 min | - | 12.6 mi |
| Los Angeles International | 31 min | - | 21.1 mi |
| Long Beach (Daugherty Field) | 37 min | - | 26.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Patricia Escobar
Marcus & Millichap
