3421 Larissa Dr, Los Angeles, CA 90026
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3421 Larissa Dr Los Angeles, CA 90026

$4,550,000
  • 20 Beds
  • 10 Baths
  • 14,184 Sq.Ft.
For Sale
$4,550,000 Get Pre-Qualified

Map preview of 3421 Larissa Dr, Los Angeles, CA 90026

Property Overview: 3421 Larissa Dr Los Angeles, CA has 20 bedrooms, 10 bathrooms, 14,184 living square feet and 11,604 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The beautiful 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 hardwood flooring, large & 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 just 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 water 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.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 8 minutes ago | Last updated: June 19th, 2024 | Source CRMLS | DOM: 22
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Home details

Lot Sq. Ft
11,604
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24403093
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,150
  • Total Rent: $31,507
  • Pro Forma/Market Rent: $41,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: --
  • Net Operating Income: $245,503
  • Gross Operating Income: $370,524
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3421 Larissa Dr

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 10
  • Parcel Number: 5427026017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Dream Silver Lake location off Sunset Blvd on Larissa Drive
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Sale History for 3421 Larissa Dr

Last sold for $2,050,000 on February 24th, 2006
  • June, 2024

  • Jun 11, 2024

    Date

    Active

    CRMLS: 24403093

    $4,550,000

    Price

  • February, 2006

  • Feb 24, 2006

    Date

    Sold (Public Records)

    Public Records

    $2,050,000

    Price

  • May, 2003

  • May 5, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,190,000

    Price

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Tax History for 3421 Larissa Dr

Assessed Value (2020): $2,561,606
Year Land Value Improved Value Assessed Value
2020 $1,499,477 $1,062,129 $2,561,606

Home Value Compared to the Market

This property vs the competition

3421 Larissa Dr is listed 279.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $320.78 per/sqft which puts the price per square foot 58.45% lower than the median price per square foot for the city of Los Angeles.

About 3421 Larissa Dr

Detailed summary of property

3421 Larissa Dr is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 20 bedrooms, 10 bathrooms, roughly 14,184 living square feet, and sits on an approximately 11,604 square foot lot. 3421 Larissa Dr was first listed on ArdentRealEstateGroup.com on June 12, 2024. The homeowner is currently asking $4,550,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 279.17% higher than the median priced home. Local competing homes currently for sale include 5314 Loma Linda Ave, 5322 Loma Linda Ave and 833 S Alvarado St. While the average home in Los Angeles, CA is selling in 100 days, 3421 Larissa Dr has a days on market of 22 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 3421 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 3421 Larissa Dr

Public county record property details
Beds
20
Baths
10
Year built
1929
Sq. Ft.
14,184
Lot Size
11,600
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
26,27
APN
5427-026-017

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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Related Resources to 3421 Larissa Dr

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.