20-Unit Spanish Revival Apartment
2050 Dracena Drive, Los Angeles, CA 90027
For Sale
$6,750,000
Pending
Apartments feature individual AC units, hardwood floors and varied layouts with added storage in select homes.
Property Size11,240 SF
Lot Size0.26 Acres
Days on Market24
Property Features for 2050 Dracena Drive
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
2
10390
0.2385
11240
1
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Colliers International- Los Angeles
(310) 622-1901
Listed By:
Jared Warren
Source:
Gotrealestatesolutions
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International- Los Angeles
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Investment Insights
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Built in 1924, this 20-unit apartment property has Spanish Revival architecture and occupies an 11,240-square-foot lot. Interiors include original hardwood flooring, individual AC units, open living areas, full bathrooms and kitchens with butcher block counters. Apartment layouts vary; some include a walk-in closet, den or large pantry. The building is master metered, and the stated rent schedule allows annual increases of 5%. The property is zoned LAR3.
The address is in Los Feliz, near restaurants and shops including Albertsons, Blue Bottle Coffee, Cafe Los Feliz, Freds and Alcove Cafe. Griffith Park and the Silver Lake Reservoir are also identified in the surrounding area.
The address is in Los Feliz, near restaurants and shops including Albertsons, Blue Bottle Coffee, Cafe Los Feliz, Freds and Alcove Cafe. Griffith Park and the Silver Lake Reservoir are also identified in the surrounding area.
Key Highlights
- 20 apartment units on an 11,240 SF lot
- Built in 1924; Spanish Revival architecture
- LAR3 zoning
Property Analytics
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,921
Businesses Nearby
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Business Placement
Demographics for 90027, CA
44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
Median Home Value
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Market
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments feature individual AC units, hardwood floors and varied layouts with added storage in select homes.
Where is this apartment building located?
The property is located at 2050 Dracena Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 20 apartment units on an 11,240 SF lot; Built in 1924; Spanish Revival architecture; LAR3 zoning
