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1127 N Commonwealth Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath

1127 N Commonwealth Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$1,300,000
1127 N Commonwealth Avenue, Los Angeles, California 90029
0Bed
0Bath
962Sqft
6,250Lot
Year Built
1911
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$1,351
HOA
-
Days on market
-
Sold On
-
MLS number
SR25178837
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(50th), sqft - 962(17th), beds - undefined(50th), baths - undefined(50th).

Incredible investor opportunity nestled in vibrant and eclectic East Hollywood, just a few memorable moments from Silver Lake and Virgil Village, where creativity meets culture amid indie cafés, local art spaces, hip hangouts, and ongoing redevelopment buzz. This unique multi-family property is identified as a triplex but currently has only one habitable unit—simple, basic and unrefined, with no recent upgrades. Two additional units are unfinished—one down to the studs, the other enclosed with walls but without interior finishes. Set on a gated and shaded 6,250 sq. ft. lot, the home’s natural canopy of mature shade trees helps keep bedrooms cool and adds to its peaceful charm. A blank canvas with outstanding potential for restoration, expansion, redevelopment, or the addition of value-add units. Nearby properties have undergone similar transformations, making this a strong opportunity for visionary buyers or developers with the means to unlock its income potential. Property offered as-is. Buyer to perform all due diligence and independent verification.

Nearby schools

/10
Lexington Avenue Primary Center
Public,•K-2•0.1mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.2mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.7mi
3/10
Ramona Elementary School
Public,•K-6•0.8mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.9mi
5/10
Kingsley Elementary School
Public,•K-5•1.0mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.2mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.3mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.4mi
3/10
Harvard Elementary School
Public,•K-5•1.5mi
4/10
Grant Elementary School
Public,•K-6•1.7mi
5/10
Cahuenga Elementary School
Public,•K-5•1.8mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.9mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.9mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.4mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.8mi
4/10
Young Oak Kim Academy
Public,•6-8•2.0mi
7/10
John Burroughs Middle School
Public,•6-8•3.5mi
8/10
John Marshall Senior High School
Public,•9-12•1.2mi
4/10
Helen Bernstein High School
Public,•9-12•1.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.3mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.3mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.3mi
3/10
Belmont Senior High School
Public,•9-12•2.5mi
6/10
Hollywood Senior High School
Public,•9-12•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•4.3mi

Price History

Date
Event
Price
08/07/25
Listing
$1,300,000
05/30/03
Sold
$266,000
Condition Rating
Poor
This property, built in 1911, is explicitly described as having only one habitable unit that is 'simple, basic and unrefined, with no recent upgrades.' The other two units are unfinished, with one 'down to the studs,' indicating significant structural and interior work is required. The bathroom image confirms outdated fixtures and tiles consistent with a lack of recent renovation. The property is marketed as an 'investor opportunity' and 'blank canvas' for 'restoration, expansion, redevelopment,' and is offered 'as-is,' all pointing to the need for substantial repairs and rehabilitation to make it fully functional and up to modern standards. This aligns perfectly with the 'Poor' condition criteria.
Pros & Cons

Pros

Prime Location: Nestled in vibrant East Hollywood, moments from Silver Lake and Virgil Village, a cultural hub with ongoing redevelopment buzz, enhancing future value.
Multi-Family Potential: Identified as a triplex, offering significant income potential once all units are fully developed and habitable.
Large Lot Size: A generous 6,250 sq. ft. gated lot provides ample space for potential expansion, additional units, or desirable outdoor amenities.
High Value-Add Opportunity: Described as a 'blank canvas' with outstanding potential for restoration, expansion, redevelopment, or the addition of value-add units.
Proven Neighborhood Transformation: Nearby properties have undergone similar successful transformations, validating the investment strategy and potential for appreciation.

Cons

Extensive Renovation Required: Only one unit is currently habitable, with two additional units unfinished (one down to studs, the other lacking interior finishes), requiring substantial investment.
Current Condition: The sole habitable unit is described as 'simple, basic and unrefined, with no recent upgrades,' indicating a need for comprehensive modernization.
As-Is Sale: The property is offered 'as-is,' placing the full responsibility for all necessary repairs, upgrades, and due diligence on the buyer.

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