3214 Descanso Drive, Los Angeles, California 90026, Los Angeles, 90026 - 0 bed, 0 bath
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3214 Descanso Drive
Los Angeles, California 90026
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,183Sq Ft
2,446Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$996,938
5% AboveMARKET VALUE
SUMMARY
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,050,000—positioned well above the $996,938 Fair Market Value by -5%. While the property requires updates due to its Condition Rating of 4, it offers a unique house-hacking layout with private rear decks and garage space. Located in a prime Silver Lake neighborhood near top-rated schools like Ivanhoe Elementary, this asset provides immediate rental income potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Estimated Market Value
$996,938
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3214 Descanso Drive Subject | $1,050,000* List Price | 0 | 0 | 1,183 | $843 | - |
A 1506 Glendale Boulevard Pending | $790,000 List Price | 0 | 0 | 1,156 | $683 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1923, the property is functional but significantly dated. The kitchen lacks modern built-in cabinetry and utilizes a vintage stove, while the presence of jalousie windows and window AC units indicates that major systems and interior finishes have not been renovated in over 30 years. It is move-in ready for a tenant but requires updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Ivanhoe Elementary School (9/10).
- Prime Silver Lake Location
Situated in one of Los Angeles' most desirable neighborhoods, this property offers immediate access to premier dining, shopping, and recreation, ensuring high tenant demand and long-term appreciation.
- Owner-User Flexibility
The duplex configuration provides a perfect 'house-hacking' opportunity, allowing a buyer to live in the vacant unit while benefiting from the rental income of the long-term tenant in the second unit.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With a total of 1,183 square feet divided between two units, the individual residences are relatively small, which may limit appeal for those seeking more spacious living areas.
- Limited Rental Upside
The presence of a long-term tenant in one unit may restrict the immediate ability to adjust rents to current market rates due to local rent stabilization ordinances, impacting initial ROI.
About 3214 Descanso Drive
Surrounded by some of Silver Lake's best dining, shopping, and recreation, this charming bungalow duplex is tucked away in a private, peaceful setting in one of Los Angeles' most sought-after neighborhoods. The property features two one-bedroom, one-bath residences, each with its own private rear deck and garage space. Unit 3216 has an additional garage space. Adjacent to the garage is a shared laundry room for both units. Unit 3214 has a good standing, long term tenant. Live in Unit 3216 or rent it out! This property also qualifies for up to $20,000 grant for qualified buyers.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 2,446 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Micheltorena Street Elementary School
Grades K-5 • 0.3 mi
5/10
Mayberry Street Elementary School
Grades K-6 • 0.6 mi
2/10
Dayton Heights Elementary School
Grades K-5 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,183 | 2,187.451 |
| Lot Size | 2,446 | 5,841.385 |
| Price | $1.05M | $841.5K |
| Price per sq ft | $888 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 39 | 85 |
Pricing History
Listed for Sale
Aug 1, 2026
$1,050,000
Initial Listing
Sold
Oct 27, 2020
$915,000
Public Record