1900 Dracena Dr is an eight-unit Los Feliz multifamily asset situated on a prominent corner lot just two blocks west of Hillhurst Avenue. Located in one of Los Angeles’ most walkable and trend-forward neighborhoods, this Los Angeles multifamily property offers proximity to Los Feliz’s most popular retail, dining, and nightlife spots—including Alcove, All Time, Little Dom’s, and Griffith Park. The property’s central location continues to attract long-term renters seeking a blend of creative energy, residential charm, and access to LA’s major job centers.

Built in 1965, the two-story structure is comprised of a desirable unit mix: (6) spacious two-bedroom, two-bath units and (2) one-bedroom units. With generous floorplans and a functional layout, the interiors present a prime opportunity for cosmetic upgrades that would significantly increase income potential. The building includes a gated subterranean garage with seven enclosed spaces and one open space, along with a community laundry room.

Given current market conditions and tenant demand in this submarket, 1900 Dracena Dr provides future ownership with the opportunity to increase rental income while offering residents a timeless location surrounded by mature tree-lined streets and architectural character. Its corner lot position enhances natural light throughout the building and provides an added sense of privacy for tenants.

As the demand for Los Feliz multifamily investments continues to grow—particularly for buildings within walking distance of Hillhurst, Vermont, and Griffith Park—1900 Dracena Dr stands out as a strong long-term hold. This Los Angeles multifamily opportunity is well-suited for both experienced investors and 1031 exchange buyers seeking a stable asset in one of the city’s most consistently sought-after rental neighborhoods.