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210 S Commonwealth Avenue, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

210 S Commonwealth Avenue, Los Angeles, California 90004 home-pic-0
ACTIVE$3,395,000
210 S Commonwealth Avenue, Los Angeles, California 90004
0Bed
0Bath
10,884Sqft
7,488Lot
Year Built
1980
Close
-
List price
$3.4M
Original List price
$3.6M
Price/Sqft
$312
HOA
-
Days on market
-
Sold On
-
MLS number
GD25134242
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.40M(50th), sqft - 10884(50th), beds - undefined(50th), baths - undefined(50th).

210 S Commonwealth Ave is a multi-family property located in the Koreatown neighborhood of Los Angeles, CA. It is specifically an apartment building with 14 units. The property was built in 1980 and has a total structure area of 10,884 sq ft. The lot size is 7,488 sq ft. 10 x 2 Bedroom 1 Bathroom Units, 4 X 1 Bedroom 1 Bathroom Units. It features 24 bedrooms and 14 bathrooms. The building has 2 stories and has been properly maintained and cared for as needed always. Property has 20 total spaces, including a garage, balconies and laundry facilities for more convenience to tenants and additional income for the owner. 80% of lease agreements are on month to month, rents below market with huge upside potential. Current Monthly Gross Income $ 25,400, $304,800 Annual. Pro Forma Monthly Rent Income $33,800: $405,600 Annual More details available upon request.

Price History

Date
Event
Price
10/29/25
Price Change
$3,395,000-3.0%
09/25/25
Price Change
$3,499,999
06/16/25
Listing
$3,599,999
03/05/14
Sold
$2,475,024
Condition Rating
Fair
The property was built in 1980, making it 44 years old. While the listing states it has been 'properly maintained and cared for as needed always,' and the exterior appears to be in decent condition for its age, there are no interior photos of the units, especially kitchens and bathrooms. Without evidence of recent renovations, it's highly probable that these key areas, along with other systems, are dated in style and features, consistent with a 1980s build. The property analysis also notes 'Aging Infrastructure (1980 Build)' as a weakness, suggesting major systems may be nearing the end of their useful life. This aligns with the 'Fair' category, indicating the property is aged but maintained, with major components functional but showing signs of being outdated, and likely requiring minor updates or repairs to meet current standards and maximize rental potential.
Pros & Cons

Pros

Significant Rent Upside: The property currently operates with rents significantly below market, offering a substantial pro forma income increase from $304,800 to $405,600 annually.
Prime Koreatown Location: Situated in the highly desirable and vibrant Koreatown neighborhood of Los Angeles, ensuring strong rental demand and potential for appreciation.
Flexible Lease Structure: 80% of units are on month-to-month leases, providing immediate flexibility for a new owner to adjust rents to market rates.
Diverse Unit Mix & Amenities: Features a desirable mix of 10 two-bedroom and 4 one-bedroom units, complemented by tenant amenities such as a garage, balconies, and on-site laundry facilities.
Well-Maintained Asset: Described as 'properly maintained and cared for,' suggesting a lower immediate need for deferred maintenance and capital repairs.

Cons

Underperforming Current Income: The property's current gross income is substantially below its market potential, requiring active management to realize the projected upside.
Potential for Tenant Turnover: The high percentage of month-to-month leases, while offering flexibility, also carries a risk of increased tenant turnover if rent adjustments are implemented aggressively.
Aging Infrastructure (1980 Build): As a 1980-built property, major building systems (e.g., plumbing, electrical, roof) may be nearing or at the end of their useful life, potentially requiring future capital expenditures despite current maintenance.

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