16 Units - 3209 Descanso Drive, Los Angeles, CA

KW Commercial, as exclusive listing agents, are pleased to present 3209 Descanso Drive, a renovated 17-unit investment opportunity located in Silver Lake. The offering provides a unique opportunity with strong & stable in-place income and further rental upside in the best rental market in Los Angeles. Over the last 6 years, current ownership has created a seamless boutique rental environment through thoughtful and meaningful renovations … the result is a striking, modern living environment that combines contemporary aesthetics along with the property’s 1920’s original charm. Additionally, 8 of 16 units (50%) of the apartment interiors have undergone a complete transformation featuring carefully redesigned open floor plans, new flooring, new baths, new kitchens, new doors, new lighting, locks, hardware and treatments. The apartment units are generously sized and feature an ideal composition consists of Seven (7) One Bedroom / One Bathroom units and Nine (9) Studio apartments – perfectly suited to attract the vibrant and progressive area demographics. Renovated common spaces include all new entry, hallways, common area laundry and staircases highlighted with curated, stylish new flooring, paint and lighting. The exterior of the building has been reimagined with a new color palatte and an elastomeric coating which forms a durable, tough film that is known to resist sunlight, the elements. New awnings, new drought resistant landscaping and a pocket park / dog run in the rear of the property complete the scene. As an added bonus, current management has completed the remodel and build-out of the +/- 1,200 SF Studio/ Work Space with private entry. Renovations include brand new flooring, recessed lighting and new windows. The space is currently leased for $1,700 per month ($1.42 per SF).