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3315 Larissa Dr, Los Angeles, CA 90026
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3315 Larissa Dr Los Angeles, CA 90026

$2,940,000 Sold Price as of 11/02/2021
  • 9 Beds
  • 8 Baths
  • 7,014 Sq.Ft.
Sold
$2,940,000 Sold Price as of 11/02/2021 Refinance Your Mortgage
Map preview of 3315 Larissa Dr, Los Angeles, CA 90026

Property Overview: 3315 Larissa Dr Los Angeles, CA has 9 bedrooms, 8 bathrooms, 7,014 living square feet and 6,168 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3315 Larissa Drive, a one-of-a-kind value-add opportunity located on one of the best streets in Silver Lake. The offering is being delivered with SIX (6) VACANT UNITS and provides a unique opportunity for new management to create spectacular high-end apartment rentals and achieve a great return on investment. 3315 Larissa Drive was built in 1925 and is oozing in original character, noticeable at once with is striking Art Deco facade and dramatic large windows. Each of the eight units are large in size and feature multiple original details such as: original hardwood floors, original expansive windows, high curved ceilings and multiple built-ins per unit. Most of the units offer panoramic views of Sunset Blvd and the Hollywood Hills. The entire building consists of 7,014 square feet on a 6,168 square feet lot, Zoned LAR3. 3315 Larissa Drive is located just two blocks away from the iconic Sunset Blvd and is walking distance to many popular coffee ships and dining and shopping destinations.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,168
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21777250
City
Los Angeles
County
Los Angeles
Time on Site
1044 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,366
  • Total Rent: $11,830
  • Pro Forma/Market Rent: $12,975
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,617
  • Total Rent: $5,035
  • Pro Forma/Market Rent: $8,985
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.8
  • Gross Scheduled Income: --
  • Net Operating Income: $162,123
  • Gross Operating Income: $223,264
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3315 Larissa Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 8
  • Parcel Number: 5426007007
Location / Neighborhood
Location Information
  • Directions: Off Sunset Blvd on Larissa Dr
View more facts & features

Local Los Angeles Agent

Sale History for 3315 Larissa Dr

Last sold for $2,940,000 on November 2nd, 2021

  • September, 2021

  • Sep 22, 2021

    Date

    Pending

    CRMLS: 21777250

    $3,145,000

    Price

  • Aug 26, 2021

    Date

    Active

    CRMLS: 21777250

    $3,145,000

    Price

  • July, 2020

  • Jul 23, 2020

    Date

    Sold

    CRMLS: 20608248

    $2,200,000

    Price

  • Jul 23, 2020

    Date

    Pending

    CRMLS: 20608248

    $2,200,000

    Price

  • Jul 23, 2020

    Date

    Active

    CRMLS: 20608248

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    1920's classic old Hollywood vibe. 2 Story building with cool period details. Views of DTLA and Silver Lake Hills. Permits show building was originally 8 units but was legally converted to 7 units in the 60's by combining 2 units. No garages or parking, however tenants use the lot next door to park, total of 3 spots. There is a large laundry room with a master water heater. Tenants pay gas and electricity. Property needed some work, I would call it a fixer. Seller rents two uncovered spots for $25 each spot.

  • July, 2020

  • Jul 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: SB19124721

    $2,850,000

    Price

  • Jul 19, 2019

    Date

    Price Change

    CRMLS: SB19124721

    $2,850,000

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: SB19124721

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    Reduced price makes this trophy 8 unit Silverlake listing at 3315 Larissa Drive, LA 90026 a very attractive investment now. Featuring a great unit mix with: one 3+2 unit; three 2+1 units, and four 1+1 units (one unit is potentially non-conforming so buyer to verify w City & satisfy themselves). The current gross income is approx. $13,890/mth; $166,680/yr. At the new $2,850,000 asking price, the property is priced at:$356,250/unit; a 17.10 current GRM; a 12.94 market GRM; a 3.47% current CAP; a 5.29% market CAP, and $406/SF. This unique Larissa property offers the astute investor positive cash flow from Day 1 with fantastic further rent upside in one of LA's most sought after & most rapidly appreciating submarkets. A+ location steps from Sunset Blvd & an easy walk to a ton of great restaurants/shops/cafes including: Night+Market Song; Ali Mama Cafe; Hache; Alfred Coffee; Trois Familia; Mollusk Surf Shop; and APC. Also very conveniently located close to Micheltorena Elementary School.

  • February, 2010

  • Feb 26, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3315 Larissa Dr

Assessed Value (2020): $715,295
Year Land Value Improved Value Assessed Value
2020 $397,288 $318,007 $715,295

Home Value Compared to the Market

This property vs the competition

3315 Larissa Dr sold on November 2, 2021 for 146.86% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $448.39 per/sqft which puts the price per square foot 43.31% lower than the current median sale per square foot for the city of Los Angeles.

About 3315 Larissa Dr

Detailed summary of property

3315 Larissa Dr is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 7,014 living square feet, and sits on an approximately 6,168 square foot lot. 3315 Larissa Dr was first listed on ArdentRealEstateGroup.com on August 26, 2021. The homeowner sold the property for $2,940,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 146.86% higher than the current median priced home. Local homes that are currently for sale include 343 S Occidental Blvd, 4253 Franklin Ave and 325 N Union Ave. While the average home in Los Angeles, CA is selling in 100 days, 3315 Larissa Dr has a days on market of 27 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 3315 Larissa Dr Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3315 Larissa Dr

Public county record property details
Beds
10
Baths
8
Year built
1925
Sq. Ft.
7,014
Lot Size
6,168
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5426-007-007

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$832
Median Sold Price
$1,796,500
Median Sold Price/Sq.Ft.
$802
Total Inventory
69
Median Sale to List Price %
112.99%
Avg Days on Market
18
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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