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    2050 Dracena Drive

    Los Angeles (City), CA 90027
    • $6,750,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 21766470
    UPDATED: 82 min ago
    $6,750,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T12:31:33.707. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/119814578
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    2050 Dracena Drive Los Angeles (City), CA 90027

    • Price: $6,750,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 21766470
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1924
    Built
    Neighborhood:
    637 - Los Feliz
    County:
    Los Angeles
    Area:
    637 - Los Feliz
    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.
    Exterior Features

    Parking Features None

    Interior Features

    Appliances Convection OvenGas CooktopMicrowaveRefrigerator Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Wood Heating None Heating YN No Interior Features Ceiling Fan(S)

    Property Features

    Gross Income 5133 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 291113 Property Condition Updated/Remodeled Rent Control YN Yes Security Features Key Card Entry Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Jared Warren of Colliers International- Los Angeles


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T12:31:33.707. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021