Under Contract

Active Under Contract

2050 Dracena Drive

Los Angeles CA, 90027

$6,750,000


$600.53 per sqft

Under Contract

Active Under Contract

11,240 sqft

Commercial

Built in 1924

Listed by Jared Warren with Colliers International- Los Angeles 213-627-1214

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.

21794960

MLS ID

April 25, 2023

Listed

May 25, 2024

Updated

Map

2050 Dracena Drive
Los Angeles CA, 90027

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.24 Acres

Other Property Details

Area Name

637 - Los Feliz


Days on Market

636


Garage

No


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAR3


Buyer Agency Compensation

1.5%

Listing Contact: 213-627-1214 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:10 AM UTC

 

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