3432 Larissa Drive

Los Angeles, CA 90026

$1,650,000
Price
5
Beds
3
Baths
3,352 Sq. Ft.
$492 / Sq. Ft.
3,352
Sq. Ft.
$492
per Sq. Ft.

Description

3 ON A LOT - The front house features 2 bedrooms 2 baths, sleek new wood coverings throughout, updated interior doors, and ceilings are crafted in stunning high gloss wood panels. Owning three houses on a lot in the vibrant neighborhood of Silver Lake, California, is a fantastic opportunity! Silver Lake is known for its artistic vibe, scenic reservoir, and proximity to downtown Los Angeles, making it one of the city's most desirable areas. If you're looking into this as an investment, multi-unit...3 ON A LOT - The front house features 2 bedrooms 2 baths, sleek new wood coverings throughout, updated interior doors, and ceilings are crafted in stunning high gloss wood panels. Owning three houses on a lot in the vibrant neighborhood of Silver Lake, California, is a fantastic opportunity! Silver Lake is known for its artistic vibe, scenic reservoir, and proximity to downtown Los Angeles, making it one of the city's most desirable areas. If you're looking into this as an investment, multi-unit properties like this can be a great source of income, either for long-term rentals, short-term rentals, or even a combination of both. Live in one house and rent out the others. With Silver Lake's blend of creative energy, dining options, and eclectic architecture, a multi-house property in this area holds great appeal and potential for appreciation. Development of nearby Silver Lake Reservoir, 116 acres of the 127-acre Silver Lake and Ivanhoe reservoir complex into park space. Including Habitat Islands, new spaces within the reservoir itself to introduce fish and other species. Seller may be willing to "carry back" a portion. Garage leased brings additional $1300 per month.
  1. Listed by John Scott • DRE #01369752 • Brokerage DRE #01369752 • John L. Scott Real Estate

Property Details for 3432 Larissa Drive

Water Front
None
Zoning
LARD1.5
Style
French Normandy
Parcel Number
5427027002
Total Units
3.0
Living Area
3352
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
LISTING UPDATED: 11/19/2024 11:49 AM

Property Details for 3432 Larissa Drive

StatusActive
MLS #24-461929
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,654 SF
CountyLos Angeles County

Building Information for 3432 Larissa Drive

Stories-Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,654 SF

Property Information for 3432 Larissa Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Appraiser
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 3 on a lot
  • View: Yes
  • View Description: Canyon, City Lights, Mountains
  • View: Canyon, City Lights, Mountain(s)
  • Security Features: Owned, Gated, Carbon Monoxide Detector(s), Exterior Security Lights, Other, Smoke Detector
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $60,000
  • Net Operating Income: $49,000.00
  • Gross Income: $60,000
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $132,000.00
  • Actual Annual Gross Rent: $60,000.00
  • Actual Rent Total: $58,800.00
  • Owner Pays: Electricity, Gardener
  • Total Annual Expense: 1200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1528
  • Lot Size Square Feet: 6654
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3
  • Parking Features: Garage - Three Door
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Breakfast, Living Room, Dining Room, Dining Area, Patio Covered
  • Levels: One, Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Laminate
  • Equipment: Alarm System, Antenna, Dryer, Dishwasher, Microwave, Garbage Disposal, Cable, Hood Fan, Ceiling Fan, Built-Ins
  • Interior Features: Built-Ins, Drywall Walls
  • Room Kitchen Features: Granite Counters, Walk-In Pantry, Tile Counters
  • Kitchen Features: Granite Counters, Pantry, Tile Counters
  • Room Bathroom Features: Granite Counters, Remodeled
  • Bathroom Features: Granite, Remodeled
  • Cooking Appliances: Microwave, Built-Ins
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Volt220 Location: 220V Throughout, Other - See Remarks
  • TV Services: Cable TV, TV Antennae
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asbestos Shingle
  • Sprinklers: Front
  • Patio Features: Tile, Screened Patio
  • Entry Location: Main Level
  • New Construction: No
  • Construction Materials: Concrete, Stucco, Synthetic Stucco
  • Exterior Construction: Concrete, Stucco, Synthetic Stucco
  • Foundation Details: Raised, Other
  • Other Structures: Other, Gazebo
Lease Terms
Lease Terms
  • Entry Date: 11-09-2024
  • Listing Terms: Cash To New Loan
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $525,588.00
  • Assessed Improvement Percent: 43.86
  • Assessed Land Value: $672,753.00
  • Assessed Land Percent: 56.14
  • Assessed Total Value: $1,198,341.00

Property History for 3432 Larissa Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3432 Larissa Drive

Taxable ValueLand$686,208Additions$536,769Total$1,222,977
Tax Record2024$15,176 ($1,265 / month)
Home Facts
Total Finished SqFt3,352 SqFtAbove Grade Finished SqFt3,352 SqFtLot Size6,652 SqFtStyleTriplexYear Built1961ZoningLARD1.5CountyLOS ANGELESAPN5427-027-002

Schools near 3432 Larissa Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3432 Larissa Drive is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on November 9, 2024 by John L. Scott Real Estate, it's currently listed at $1,650,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Micheltorena Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 3432 Larissa Drive is a 5-bed, 3-bath, 3,352 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott Real Estate, John Scott, DRE #01369752

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.