2050 Dracena Drive Pending

Los Angeles,CA 90027

$ 6750000

- Bed

0 Bath

11240 SqFt


Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Pending

Purchase Type For Sale

Square Footage 11,240 sqft

Price per Sqft $600

MLS Listing ID CL21794960

HOA Y/N No

Year Built 1924

Lot Size 10,390 Sqft

Acres 0.24

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 Listing

Zoning LAR3

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5590006006

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