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Front view of a multi-story apartment building with a landscaped pathway.
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MLS ID #24355957
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Drake Terrace

Community constructed 1981

BUILDINGS (OVER 5 UNITS)
Gallery3
BUILDINGS (2-5 UNITS)
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SINGLE UNITS
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About Drake Terrace

Drake Terrace is a residential community comprising a total of 78 units, distributed across three multi-unit buildings. The community offers a variety of unit sizes ranging from 1-bedroom to 3-bedroom configurations, with spaces between 1,001 to 1,363 square feet. Residents of Drake Terrace enjoy an array of amenities that enhance the living experience. Association amenities include a barbecue area, tennis courts, playground, spa, hot tub, picnic area, billiard room, trails, paddle tennis, pickleball, pool, sport court, and a clubhouse. The community features sidewalks, street lights, storm drains, curbs, and a park, providing a well-rounded and convenient environment. The community policy allows pets, making it a welcoming home for pet owners. With its diverse range of amenities and pet-friendly policies, Drake Terrace offers a comfortable and enjoyable living environment for its residents.

About Drake Terrace

Drake Terrace is a residential community comprising a total of 78 units, distributed across three multi-unit buildings. The community offers a variety of unit sizes ranging from 1-bedroom to 3-bedroom configurations, with spaces between 1,001 to 1,363 square feet. Residents of Drake Terrace enjoy an array of amenities that enhance the living experience. Association amenities include a barbecue area, tennis courts, playground, spa, hot tub, picnic area, billiard room, trails, paddle tennis, pickleball, pool, sport court, and a clubhouse. The community features sidewalks, street lights, storm drains, curbs, and a park, providing a well-rounded and convenient environment. The community policy allows pets, making it a welcoming home for pet owners. With its diverse range of amenities and pet-friendly policies, Drake Terrace offers a comfortable and enjoyable living environment for its residents.
Front view of a multi-story apartment building with a landscaped pathway.View Listing
MLS ID #24355957
Front view of a multi-story apartment building with a landscaped pathway.MLS ID #24355957
Front view of a building entrance with a green door and windows.MLS ID #23295829
Front view of a multi-story residential building with multiple balconies and surrounded by trees.MLS ID #P1-16505

Drake Terrace Market Stats Last 12 months

AVG. LISTED PRICE$614,444($581 /sqft.)

AVG. SALE PRICE$575,500($508 /sqft.)
YEAR OVER YEAR LIST PRICETrending Down3.15%

YEAR OVER YEAR SALE PRICE0.00%
TOTAL LISTINGS1 Listed

TOTAL SOLD2 Sold
AVERAGE DAYS ON MARKET60 days
AVERAGE HOA FEES PER SQFT$2 /monthly

Market StatsLast 12 months

AVG. LISTED PRICE
$614,444($581 /sqft.)

AVG. SALE PRICE
$575,500($508 /sqft.)
YEAR OVER YEAR LIST PRICETrending Down3.15%

YEAR OVER YEAR SALE PRICE0.00%
TOTAL LISTINGS1 Listed

TOTAL SOLD2 Sold
AVERAGE DAYS ON MARKET60 days
AVERAGE HOA FEES PER SQFT$2 /monthly

Drake Terrace Amenities

FirePit
FirePit
Pool
Pool
Security
Security
Clubhouse
Clubhouse
Storage
Storage
Smoke Detector(s)
Smoke Detector(s)
Handicap Parking
Handicap Parking
Pickleball
Pickleball
FirePit
FirePit
Pool
Pool
Security
Security
Clubhouse
Clubhouse
Storage
Storage

Amenities

FirePit
FirePit
Pool
Pool
Security
Security
Clubhouse
Clubhouse
Storage
Storage
Smoke Detector(s)
Smoke Detector(s)
Handicap Parking
Handicap Parking
Pickleball
Pickleball

Drake Terrace Policies

Pets allowed
Pets not allowed
BBQ allowed
BBQ not allowed
Sublet allowed
Sublet not allowed
Short term rental not allowed
Short term rental not allowed

The Neighborhood: Montecito Heights, Los Angeles

Montecito Heights, nestled in the hills of Los Angeles, offers a serene escape with breathtaking views and a rich natural environment. The area is known for its access to the Debs Park, where trails invite hikers and nature enthusiasts alike. This district appeals to those seeking tranquility yet remains close to the cultural vibrancy of downtown, just a short drive away. Excellent schools serve the community, enhancing its appeal to families. Commuting is efficient via nearby freeways and public transportation, making it a convenient place for city dwellers.

Frequently Asked Questions About Drake Terrace

How many buildings are there in Drake Terrace?

Drake Terrace has 3 buildings in total, all of which have more than 5 units.

How much does property typically cost in Drake Terrace?

In Drake Terrace, the average sales price is $575,500, and the average listed price is $614,444.

What amenities can I expect in buildings in Drake Terrace?

Buildings in Drake Terrace include amenities like Barbecue, Playground, Pool, Tennis Courts, Hot Water, Sport Court, Clubhouse, Billiard Room, Spa Hot Tub, Trails, Paddle Tennis, Pickleball, Picnic Area, Park, and Street Lights.

What is the average HOA fee in buildings in Drake Terrace?

The average HOA fee in Drake Terrace is $2 per square foot.

What is the parking situation like in Drake Terrace buildings?

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