3016 Waverly Drive, Los Angeles, CA 90039

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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3016 Waverly Drive,Los Angeles, CA 90039
$15,950,000
  • 47 Beds
  • 57 Baths
  • 45,378 sq. ft.
  • Multi-family
  • Active
Listed by:robert renshaw
Office:remax commercial & investment realty
MLS#:25497531
Source:CRMLS

Price summary

  • Price:$15,950,000
  • Price per sq. ft.:$351.49

About this home

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

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Home facts

  • Year built:1973
  • Listing Id #:25497531
  • Added:186 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Rooms and interior

  • Bedrooms:47
  • Total bathrooms:57
  • Living area:45,378 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1973
  • Building area:45,378 sq. ft.
  • Lot area:1.01 Acres

Finances and disclosures

  • Price:$15,950,000
  • Price per sq. ft.:$351.49
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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