1139 North COMMONWEALTH Avenue
Los Angeles (City), California CA 90029
$2,350,000 Price
Active Status
Est. Monthly Payment: $12,615.31 See Details
6,249 Square Feet
0.143 Acres
17238062 Listing ID
COMMONWEALTH 1139, a newly renovated Spanish 4-Plex featuring mature succulent gardens, fruit trees, grape vines, original details, modern upgrades and huge cash flow. Prime Eastside location at the intersection of Silver Lake, Virgil Village and Los Feliz.This unique income property provides many options for the new owner. Perfect for 1031 Exchange buyer looking for great cash flow from an optimized and professionally managed property. Or an owner-user can live in the fully furnished owner's loft and let the rental income cover their mortgage. In addition, there is upside potential from 2 units leased under market.
Schedule Showing
Status Active
County Los Angeles
Year Built 1928
Property Type Rental Income
Rental Income
{"zipcode": "90029", "price": "2350000"}
Down Payment
Credit Score
Points
Loan Amount
Loan Type

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Primary Features

County: Los Angeles
IDX City Name: Los Angeles
IDX County Name: Los Angeles
Property Type: Rental Income
Year Built: 1928
Zoning: LAR2

Financial Details

Assessed Improvement Value: 270005
Assessed Land Value: 190928
Cap Rate: 5.3
Expense Total Annual: 50000
Gross Operating Income: 175000
Gross Rent Multiplier: 13.5
Net Operating Income: 125000
Original List Price: 2350000
Price Per SqFt: 615.18
Private Transfer Taxes: no
Special Conditions: Standard Sale
Unit Monthly Rent01: 3810
Unit Monthly Rent02: 3291
Unit Monthly Rent03: 1260
Unit Monthly Rent04: 1248
Unit Projected Total Monthly Rent01: 3900
Unit Projected Total Monthly Rent02: 3300
Unit Projected Total Monthly Rent03: 2250
Unit Projected Total Monthly Rent04: 2250
Unit Total Monthly Rent01: 3810
Unit Total Monthly Rent02: 3291
Unit Total Monthly Rent03: 1260
Unit Total Monthly Rent04: 1248

Additional

ADA Compliance: no
Additions Alterations: no
Adjusted Gross Income: 175000
BathsTotal: 4
BedroomsTotal: 6
Building Permit: no
Country: UNITED STATES OF AMERICA
Legal Disclosures: No Property Assessments, Rent Control
List Agent License Number: 01932217
ListingStatus: Active
Number Of Buildings: 2
Property Condition: Updated/Remodeled
Square Footage Source: Vendor Enhanced
Units Total In Complex: 4

Location Information

Alley: no
Area: Silver Lake - Echo Park (C21)
View: no

Interior Features

Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
Building Size: 3820
Cooking Appliances: Built-In BBQ, Range
Cooling Type: Wall or Window Units, Ceiling Fan(s)
Elevators: no
Fireplace: no
Heating Type: Wall Heater
Total Floors: 2
Unit Furnished01: Unfurnished
Unit Furnished02: Unfurnished
Unit Furnished03: Unfurnished
Unit Furnished04: Unfurnished
Unit Furnished05: Partially
Unit Furnished06: Partially
Unit Furnished07: Partially
Unit Furnished08: Partially
Unit Furnished09: Partially
Unit Furnished10: Partially
Unit Furnished11: Partially
Unit Furnished12: Partially
Unit Furnished13: Partially
Unit Number Of Bath01: 2
Unit Number Of Bath02: 2
Unit Number Of Bath03: 1
Unit Number Of Bath04: 1
Unit Number Of Bed01: 3
Unit Number Of Bed02: 2
Unit Number Of Bed03: 1
Unit Number Of Bed04: 1
Water Heaters YN: no

External Features

Building Structure Style: Spanish
Lot Size Source: Vendor Enhanced
Lot Size SqFt: 6250
Parking Features: Driveway Gate
Parking Spaces Total: 4
Parking Type: Garage - Two Door
Paved YN: no
Pool: no
Spa: no

Zoning Info


Listing courtesy of Nicholas Fichera (01932217) from Figure 8 Realty.
Based on information from CARETS as of Sunday, June 25th, 2017 08:15:50 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Contact - Listing ID 17238062

Jovelle Schaffer

1801 Hillhurst Avenue
Los Angeles, CA 90027
Phone: 2137181110

Data services provided by IDX Broker
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