Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

3,512 sqft

Lot size

6,934 sqft

Year built

1956

Stories

2

Garage spaces

4

Style

Mid Century Modern

Heating

Natural Gas,Gravity,Wall Furnace

Cooling

Electric,Wall/Window Unit(s)

Pool

None

View

City Lights,Reservoir,Hills,Panoramic

Status

Active

Days on market

52

MLS #

244239115

About this property

Newer-paved parking lot and exterior paint and color scheme refresh this 6-unit apartment that enjoys a prime Silver Lake/Los Feliz location handy to the Hyperion/Rowena commercial hub and Silver Lake Reservoir recreation. One unit to be delivered vacant after 7-31-2026. Balcony, retaining wall and seismic retrofits already performed. There are 4 1-bedroom units, some updated, and 2 studio units. Some units have hardwood flooring and views of the surrounding hills, Downtown and Silver Lake itself. Newer roof, soft-story and retaining wall upgrades. 2 double garages plus off-street, uncovered tenant parking. Quiet corner site near Ivanhoe School and public library. Great long-term, possibly development, potential. A rare opportunity to be sure!

Location

2986 Waverly Drive

Los Angeles, Los Angeles, CA, 90039