$4,550,000 Price Analysis   ♡   Los Angeles, CA 90026 20 bed 10 bath 14,184 SqFt ($320/SqFt) 0.27 acre lot. Built 1929 Listed 2024-06-11, Taxes $32,652 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The pleasing and historic Casa Larissa apartments are located in Silver Lake and feature Ten (10)
Luxurious apartment homes with an astounding 14, 184 SF of improvements. This Silver Lake hills jewel is located on one of the best streets and offers a unique opportunity to acquire one of Silver Lake's crown jewels with strong and stable income along with meaningful long-term rent growth and value appreciation. Ask anyone about Silver Lake and they'll tell you it has been deemed the Hippest Neighborhood in America by Forbes, noted as the most architecturally significant neighborhood west of the Mississippi (Gephart's) and includes the long history of the Red Car rail service. The offering, built in 1929, showcases the best of Spanish Monterey Colonial architecture with elegant and inviting details throughout. All ten apartments are generously sized and feature an ideal composition with Two-Bedrooms and One-Bath ideally suited to attract the vibrant and progressive area demographics. Each of the Ten (10) units is enormously large with over +/- 1, 200 SF and Two Bedrooms and One Bathroom each. There are numerous vintage details throughout, including original hardwod flooring, large and expansive windows, coved ceilings, decorative fireplaces, multiple large closets and numerous built-ins.
Many units offer panoramic views of Sunset Blvd and the Hollywood Hills. The entire building is an enormous 14, 184 square feet on an 11, 600 square feet parcel. All units are nearly identical in shape and size, with large hallways connecting the living spaces and bedrooms. Each unit boasts a large living room and a separate and dedicated dining area - All units also have private patios or balconies. Additional amenities include secure entry, a well-appointed foyer and common areas, onsite laundry and mature landscaping. Select units also offer in-unit washer/dryers. 3421 Larissa Drive is separately metered for gas and electricity. 3421 Larissa Drive is two blocks from the iconic Sunset Blvd and is within close proximity of many popular coffee shops, dining and shopping destinations. Numerous building system upgrades include copper plumbing, tankless wat er heaters and extensive seismic upgrades. Silver Lake is as diverse as the people living there, along with numerous celebrities, artists, writers and musicians like Beck and Moby (who own an SL vegan restaurant - Little Pine), to name a few. Thanks to its neighborhood feel, Silver Lake is the perfect area for young people looking for a vibrant location and young families seeking out good schools and a community feel. Silver Lake is continually growing with an ever-increasing mix of stylish boutiques, restaurants, bars, coffee shops and everything in between.
Presented by Nick Astrupgaard at
KW Commercial Studio City.
Property MLS #24-403093 from TheMLSCLAW
Full Bathrooms: 10
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 11604
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 41750
County: Los Angeles
Cap Rate: 5.4
Directions: Dream Silver Lake location off Sunset Blvd on Larissa Drive
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5427-026-017
Postal Code Plus 4: 6229
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,094,594 + $1,545,311 $2,639,905 | $32,652 |
| 2021 | $1,073,132 + $1,515,011 $2,588,143 | $32,192 |
| 2020 | $1,062,129 + $1,499,477 $2,561,606 | $32,503 |
| 2019 | $1,041,303 + $1,470,076 $2,511,379 | $31,251 |
| 2018 | $1,020,886 + $1,441,251 $2,462,137 | $31,076 |
| 2017 | $1,000,869 + $1,412,992 $2,413,861 | $30,378 |
| 2016 | $981,245 + $1,385,287 $2,366,532 | $29,573 |
| 2015 | $829,400 + $1,170,600 $2,000,000 | $25,207 |
| 2014 | $758,900 + $1,071,100 $1,830,000 | $23,744 |
| 2013 | $680,100 + $959,900 $1,640,000 | $21,520 |
| 2012 | $622,000 + $878,000 $1,500,000 | $20,448 |
| 2010 | $622,000 + $878,000 $1,500,000 | $20,528 |
| 2009 | $902,026 + $1,273,449 $2,175,475 | $27,990 |
| 2009 | $622,000 + $878,000 $1,500,000 | $27,990 |
| 2008 | $884,340 + $1,248,480 $2,132,820 | $26,819 |
| 2007 | $867,000 + $1,224,000 $2,091,000 | $25,909 |
$4,550,000
TheMLSCLAW
Sold 2006-02-24
$2,050,000
Public Record
Listing removed 2006-01-01
$2,100,000
ITECH
Listed 2005-08-01
$2,100,000
ITECH
Sold 2003-05-05
$1,190,000
Public Record
Year Built: 1929
Levels: Three Or More Levels
Living Area Source: Vendor Enhanced
Property Age: 95
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.