$15,950,000

3016 Waverly Dr , Los Angeles, CA 90039

 
Bedrooms:47 beds
Bathrooms:0 baths
(None specified):45,378 sqft
Lot:1.01
Year Built:1973
Listing Status:Active

Listing Agent

Robert Renshaw
http://www.realestatelosangeles.com
We cannot obtain a map view for this location. Please See Google Maps for any possible street views and other mapping views.
We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

ASSUMABLE INTEREST-ONLY DEBT AT 3.44% UNTIL 2029! 7.35% CASH-ON-CASH RETURN! We are pleased to present the Waverly at Silver Lake. Perched atop a promontory between the red-hot Silverlake and Atwater Village neighborhoods on LA's eastside, this 45-unit luxury apartment community represents a rare and unique acquisition opportunity. Constructed in 1973 and composed of spacious efficiency, studio, 1, and 2-bedroom layouts, the Waverly at Silver Lake offers tenants a wide range of living options in a diverse urban setting. The 45 units are spread across 45,378 gross square feet. Total land area is just over one acre zoned RD1.5. Many units have sweeping views in multiple directions. The property features upscale amenities such as elevator service, a furnished sundeck and picnic area, laundry facilities and secured, gated parking for 58 vehicles. Many of the units have been highly upgraded with quartz countertops, modern flooring, new appliances and new fixtures. Select units also feature skylights and balconies or patios. The Waverly is nestled in a quiet residential neighborhood, yet it is less than a 10-minute walk from some of the area's trendiest shops and restaurants along Rowena Avenue. A quick stroll or drive along Hyperion will land tenants in Atwater Village which is home to several notable restaurants including Michelin-starred Morihiro Sushi. For the astute investor seeking a sizable, professionally-managed, luxury turnkey property with significant remaining upside potential, The Waverly provides strong in-place income with fantastic long-term growth potential.

Detailed Items

Other Information

3016 Waverly Dr, Los Angeles, CA, 90039 is a (none specified) listing of 45,378 sqft on a lot of 1.01. This (none specified) listing has 47 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property3016 Waverly Dr, Los Angeles, CA
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask a question

By pressing Request Info, you agree that HousingNow.com and real estate professionals may call, text or email you regarding your inquiry, which may involve the use of automated means.
Learn how to appear as the Local Advisor above