$3,600,000
SOLD APR 14, 2022
14 Beds
14 Baths
7,442 Sq Ft
6,589 Sq Ft Lot

Recently Sold

$484 Per Sq Ft

5% Below List Price

18 Days on Market

Highlights

  • Gated Parking
  • Corner Lot
  • Built-In Features
  • John Marshall Senior High Rated A
  • Subterranean Parking
  • Laundry Room

About This Home

As of April 2022

1900 Dracena Drive, an 8-unit apartment building located in a stellar location within the family-friendly and ultra-hip Los Feliz submarket. Situated on a spacious corner lot just two blocks West of Hillhurst Avenue, the property resides within walking distance to some of the best eating, dining and nightlife options the neighborhood has to offer. Constructed in 1965, the two-story building is comprised of (6) 2-bdrm. and 2-bath units and (2) 1-bdrm. units. Property amenities include a gated, subterranean garage (7 enclosed spaces and 1 open space) and a community laundry room. Located in a prime location of a in-demand rental market by high-income young professionals, 1900 Dracena stands to be a 'Grade A' investment for years to come.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 01/20/2022

Compass

Last Buyer's Agent

Steve Sawaii

Compass License #00607215

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,589 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 7,442 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Parking

  • 1 Open Parking Space
  • 8 Parking Spaces
  • Subterranean Parking
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5590-013-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 7442
  • Lot Acreage: 0.1513
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Common Walls: Attached
  • Laundry: Community, Room
  • Total Bathrooms: 14.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 510.62

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 1
  • Covered Parking: 7
  • Parking Garage: Subterr Side by Side, Gated
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Floor Furnace

Lot Info

  • Assessor Parcel Number: 5590-013-001
  • Lot Location: Corner Lot
  • Lot Size Area: 6589

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 16.92
  • Number Of Units: 8
  • Total Annual Expense: 80916
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $3,600,000 -5.3% $484 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $3,800,000 -- $511 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-120285

The MLS

APN: 5590-013-001