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

2050 Dracena Drive

^$ 6,750,000

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2050 Dracena Drive

Los Angeles, CA, 90027

^$ 6,750,000

Studio Baths0.0

Monthly Estimate*

^$ 47,151

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

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

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Studio

Commercial Property for sale in Los Angeles, CA

for $6,750,000. This building was built in 1924.

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 Contingent

Price

^$ 6,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0021794960

Features

General

Zoning LAR3

Security Features Card/Code Access

Construction Materials Concrete

Year Built 1924

County Los Angeles

Net Operating Income 291113.0

Operating Expense 182138.0

Property Type F

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

MLS Area C22 - Los Feliz

Lot Size Square Feet 0.0

Street Name Dracena

Standard Status Active Under Contract

Exterior

Lot Size Area 10390.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Drive

Total Baths 0

* Excluded Features

List By

Jared Warren

Listing Agent

Colliers International- Los Angeles

Broker

Affordability Calculator

$47,151

Per Month

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

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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.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,259,263

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2023	$6,750,000		Listed Price

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2050 Dracena Drive, Los Angeles, CA, 90027 is a Commercial Property for sale at $6,750,000. 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2050 Dracena Drive

Commercial Property for sale in Los Angeles, CA

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