2050 Dracena Drive, Los Angeles, CA 90027
- $6,750,000
- List Price
- $6,750,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 21794960
- Year Built
- 1924
- Lot Size
- 10,390
- Acres
- 0.24
- Days on Market
- 1826
- Property Type
- Commercial
Property Description
A classic Spanish Revival building, 2050 Dracena Drive brings a unique opportunity. The 20-unit multifamily building is located on a large, 11,240 SF lot at the center of Los Feliz, near a multitude of local restaurants and shopping including Albertsons, Blue Bottle Coffee, Cafe Los Feliz, Freds, and Alcove Cafe. The property is master metered, allowing annual 5% rent increases. The unique layouts of the units provide tenants with ample storage space, with some units featuring a walk in closet, den, and large pantry. The entire building boasts original hardwood floors, individual AC units, open living space, full designer bath and modern kitchen with butcher block counter tops. Griffith Park, Silver Lake Reservoir, and Hollywood surround the property on each side, providing residents the ultimate East LA location.
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Additional Information
- Exterior Construction
- Concrete
- Attached Structure
- Detached
- Number Of Units Total
- 20
- Operating Expense
- 182138
Listing courtesy of Listing Agent: Jared Warren (maxwell.holden@colliers.com) from Listing Office: Colliers International- Los Angeles.
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