3432 Larissa Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3432 Larissa Dr
3 Unit Block of Flats £1,335,310 (£445,103/Unit) 6.02% Net Initial Yield Los Angeles, CA 90026
Investment Highlights
- Prime Silverlake/Echo Park Market
- 1 UNIT DELIVERED VACANT
- Rare Cash Cow Opportunity
Executive Summary
2432 Larissa Dr offers three units ideally located in the highly exclusive Silverlake/Echo Park market centrally located near Echo Park, Hollywood Bowl, The Grove, and a multitude of entertainment/ restaurant options. This offering consists of two (2) 2BD/1BTH units and one (1) 1BD/1BTH. One of the 2BD/1BTH units will be delivered VACANT. This rare triplex sits on 6,654 SF of land with 3,352 SF of rentable residential space and a three-car garage which brings in an extra $22,800 of ancillary annual income. This triplex provides a rare opportunity for an owner user to live in one of the units and have the rental income offset their mortgage. Or an opportunistic investor looking for a high cap rate multi-unit residential deal
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£103,317
|
£30.82
|
| Other Income |
£18,176
|
£5.42
|
| Vacancy Loss |
£3,645
|
£1.09
|
| Effective Gross Income |
£117,848
|
£35.16
|
| Taxes |
£16,692
|
£4.98
|
| Operating Expenses |
£20,804
|
£6.21
|
| Total Expenses |
£37,496
|
£11.19
|
| Net Operating Income |
£80,353
|
£23.97
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £103,317 |
| Annual Per SF | £30.82 |
| Other Income | |
|---|---|
| Annual | £18,176 |
| Annual Per SF | £5.42 |
| Vacancy Loss | |
|---|---|
| Annual | £3,645 |
| Annual Per SF | £1.09 |
| Effective Gross Income | |
|---|---|
| Annual | £117,848 |
| Annual Per SF | £35.16 |
| Taxes | |
|---|---|
| Annual | £16,692 |
| Annual Per SF | £4.98 |
| Operating Expenses | |
|---|---|
| Annual | £20,804 |
| Annual Per SF | £6.21 |
| Total Expenses | |
|---|---|
| Annual | £37,496 |
| Annual Per SF | £11.19 |
| Net Operating Income | |
|---|---|
| Annual | £80,353 |
| Annual Per SF | £23.97 |
Property Facts
| Price | £1,335,310 | Property Subtype | Apartment |
| Price Per Unit | £445,103 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 6.02% | Building Size | 3,352 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 66% |
| Gross Rent Multiplier | 10.99 | Number of Floors | 1 |
| No. Units | 3 | Year Built | 1961 |
| Property Type | Residential | Parking Ratio | 0.89/1,000 SF |
| Price | £1,335,310 |
| Price Per Unit | £445,103 |
| Sale Type | Investment |
| Net Initial Yield | 6.02% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.99 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,352 SF |
| Average Occupancy | 66% |
| Number of Floors | 1 |
| Year Built | 1961 |
| Parking Ratio | 0.89/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £797.20 | - |
| 2+1 | 1 | £3,986 | - |
| 2+1 | 1 | £3,827 | - |
1 of 1
Walk Score ®
Walker's Paradise (96)
zoning
| Zoning Code | LARD1.5 (3 Units (Any Combination) - RD1.5-1VL (Tier 1 TOC)) |
| LARD1.5 (3 Units (Any Combination) - RD1.5-1VL (Tier 1 TOC)) |
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3432 Larissa Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.