2050 Dracena Drive Los Angeles, CA ^$ 6,750,000

2050 Dracena Drive

^$ 6,750,000

Back to search

2050 Dracena Drive

Los Angeles, CA, 90027

^$ 6,750,000

Studio Baths0.0 Sq 11,240

Monthly Estimate*

^$ 47,151

Listed by Colliers International- Los Angeles

2050 Dracena Drive, Los Angeles, CA 90027 - Image 1

2050 Dracena Drive, Los Angeles, CA 90027 - Image 2

2050 Dracena Drive, Los Angeles, CA 90027 - Image 3

2050 Dracena Drive, Los Angeles, CA 90027 - Image 4

2050 Dracena Drive, Los Angeles, CA 90027 - Image 5

2050 Dracena Drive, Los Angeles, CA 90027 - Image 6

2050 Dracena Drive, Los Angeles, CA 90027 - Image 7

2050 Dracena Drive, Los Angeles, CA 90027 - Image 8

2050 Dracena Drive, Los Angeles, CA 90027 - Image 9

2050 Dracena Drive, Los Angeles, CA 90027 - Image 10

Studio

Commercial Property for sale in Los Angeles, CA

for $6,750,000. This 11,240 square foot building was built in 1924 on a lot size of 0.2385.

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.

Commercial Active

Price

^$ 6,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.2385

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

21794960

Days on Market

932

Features

General

Zoning LAR3

HOA 0.0

Security Features KeyCardEntry

Construction Materials Concrete

Year Built 1924

County Los Angeles

Net Operating Income 291113.0

Operating Expense 182138.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions From 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.

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area 637 - Los Feliz

Lot Size Square Feet 10390.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Dracena

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 636

Standard Status ActiveUnderContract

Cap Rate 4.31

Exterior

Total Parking 0.0

Lot Size Area 10390.0

Number of Buildings 1

Spa N

Building Area Total 11240.0

Lot Size Acres 0.2385

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Drive

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 2050

* Excluded Features

List By

Colliers International- Los Angeles

Broker

(310) 622-1901

Phone

Affordability Calculator

$47,151

Per Month

Monthly Principal & Interest: $47,151
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,246,402

Percent of Sale Price 67%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2023	$6,750,000		Listed Price

Map

More homes like this one

homes for you

See all

2050 Dracena Drive, Los Angeles, CA, 90027 is a Commercial Property for sale at $6,750,000 with 11,240 sqft and a lot size of 0.2385. 2050 Dracena Drive is a studio with 0.0 baths and was built in 1924. The property's zip code is 90027 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/2024. 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, 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

2050 Dracena Drive

Commercial Property for sale in Los Angeles, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home