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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 6,750,000

Est. payment | -/mo

10,389 Sqft Lot

Save

$ 6,750,000

Est. payment | -/mo

Save

10,389 Sqft Lot

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jared Warren Colliers International- Los Angeles #02116449

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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2050 Dracena DR Los Angeles, CA 90027