Amazing Seller Financing Available. Rare offering in the heart of Los Feliz strong rental market to acquire a value-add 16 units. Great unit mix of 2bed 2 bath and 1 bed. 16 parking. Several ADU Opportunities via SB 1211 to increase income. 50% of the units have good upside in rental through interior renovation. Stabilized metrics pencil at a 7% CAP. All Units have large bedrooms, living area and natural light. Beautifully maintained mid-century 2 stories courtyard building centered around a sparkling in-ground pool. A few blocks away from Los Feliz Village, Starbucks Reserve, Alcove, Figaro, and all the shopping Los Feliz has to offer.
| MLS # | 25583881 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 377 |
| Listing Provided By | Keller Williams Studio City | Jessica Barouch |
| Bed(s) | 27 |
|---|---|
| Bath(s) | 27 |
| SQ Feet | 13,982 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.43 |
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Appliances | Refrigerator |
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Carport, Detached Carport |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90027 |
| Area | 637 Los Feliz |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90027 |
| Area | 637 Los Feliz |
![]() | $6,750,0002050 Dracena DriveLos Angeles, CA 90027 |