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    2050 Dracena Dr

    Los Angeles, CA 90027
    • $6,750,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 21-766470
    UPDATED: 28 min ago
    $6,750,000
    • 20
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,240
      SQFT
    • $601
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-09-20T20:42:54.45. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/119812479
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    2050 Dracena Dr Los Angeles, CA 90027

    • Price: $6,750,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 21-766470
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    11,240
    SQFT
    $601
    $/SQFT
    1924
    Built
    Neighborhood:
    Los Feliz
    County:
    Los Angeles
    Area:
    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

    Lot Size Area 11240 Other Structures None Parking Garage None Style Spanish Colonial Total Parking 0

    Interior Features

    Baths Total 20.00 Cooking Appliances Convection OvenCooktop - GasMicrowave Cooling Wall/Window Equipment Ceiling FanRange/OvenRefrigerator Flooring Hardwood Heating None Laundry Laundry Area Laundry Equipment Lease

    Property Features

    Assessed Total Value 4600335 Gross Income 5133 Gross Operating Income 473250 Like Units1 12 Like Units2 7 Like Units3 1 Net Operating Income 291113.00 Number Of Buildings 1 Number Of Units 20 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Card/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Owner Total Annual Expense 182138 Type Of Units One Bedroom Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jared Warren DRE# of Colliers International- Los Angeles.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T20:42:54.45. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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