Properties

Los Angeles, CA 90027 2050 Dracena Drive

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Presented By: Jared Warren with Colliers International- Los Angeles;
  • MLS# 21794960
  • 07/28/2021
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  • SQFT • 11,240

Home Details

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.
Presented By: Jared Warren with Colliers International- Los Angeles;

Interior Features for 2050 Dracena Drive

Bathrooms

Total Baths

Other Interior Features

Total Stories2

General for 2050 Dracena Drive

Cap Rate4.31
CityLos Angeles
Construction MaterialsConcrete
CountyLos Angeles
DirectionsFrom Santa Monica turn left onto N Bronson Ave, turn right onto Franklin Ave, Left onto N Vermont, Right on Greenwood, and left on Dracena Dr.
HOA Fee$
Lot Size Square Feet10390
Lot Size UnitsSquare Feet
MLS Area637 - Los Feliz
Net Operating Income291113
Number Of Units Total20
Operating Expense182138
PostalCityLOS ANGELES
Property TypeCommercial Sale
Security FeaturesKey Card Entry
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Year Built1924
ZoningLAR3

Exterior for 2050 Dracena Drive

Building Area Total11240
Lot Size Acres0.2385
Lot Size Area10390
Number of Buildings1
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $6,750,000
MLS#21794960
List Date 07/28/2021
Property Type Commercial
Phone 888.795.6274
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