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$ 6,750,000
Est. payment /mo
Active Under Contract
2050 Dracena DR Los Angeles, CA 90027
10,389 Sqft Lot
UPDATED:
09/30/2024 06:49 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 21794960
HOA Y/N No
Year Built 1924
Lot Size 10,389 Sqft
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.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Zoning LAR3
Interior
Fireplace No
Building
Story 2
Others
Tax ID 5590006006
Security Features Key Card Entry
Special Listing Condition Standard
Listed by Jared Warren • Colliers International- Los Angeles