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1143 N Commonwealth Ave, Los Angeles, CA 90029
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1143 N Commonwealth Ave Los Angeles, CA 90029

$1,450,000 Sold Price as of 11/24/2021
  • 4 Beds
  • 4 Baths
  • 3,148 Sq.Ft.
Sold
$1,450,000 Sold Price as of 11/24/2021 Refinance Your Mortgage
Map preview of 1143 N Commonwealth Ave, Los Angeles, CA 90029

Property Overview: 1143 N Commonwealth Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,148 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great 1920s 4-plex in fantastic Silver Lake location, close to numerous shops and restaurants. Each unit is a spacious 1 bed/1 bath + laundry room. Three units are rented with one vacant, creating a possible owner/user opportunity or purely income play. Ample parking via a gated driveway that leads to a carport with 5 stalls plus 1 additional uncovered parking spot. Most units have original hardwood floors, and the property has been well maintained. Located near the Sunset Junction, residents have easy access to public transit, the Silver Lake reservoir, Griffith Park, downtown LA and much more.

Listed by Chase Campen | BRE #01323112 | Compass
Last checked: 6 minutes ago | Last updated: April 14th, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
6,250
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21770582
City
Los Angeles
County
Los Angeles
Time on Site
1027 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,003
  • Total Rent: $1,003
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,638
  • Total Rent: $1,638
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.68
  • Gross Scheduled Income: --
  • Net Operating Income: $73,070
  • Gross Operating Income: $85,632
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $1,324
  • Insurance: $2,572
  • Water/Sewer: $1,571
  • Other Expenses: $1,105

Property Details for 1143 N Commonwealth Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport, Gated
Property Information
  • Total # of Units: 4
  • Parcel Number: 5542025027
Location / Neighborhood
Location Information
  • Directions: South of Fountain Ave, west of Sunset Blvd, north of Santa Monica Blvd, east of Virgil Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1143 N Commonwealth Ave

Last sold for $1,450,000 on November 24th, 2021

  • April, 2022

  • Apr 14, 2022

    Date

    Canceled

    CRMLS: 22126199

    $1,799,000

    Price

  • Feb 16, 2022

    Date

    Active

    CRMLS: 22126199

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible opportunity to own a 4 plex in an amazing silver lake location, close to well-known award-winning restaurants and fantastic shops. 5-minute walk to Erewhon, under 10 Minute walk to Sweet greens, Pine and crane, Bacari Silver lake, Bowery bungalow, and Millie's Cafe. Also within minutes of driving to Lululemon, Dr. Martens store, and restaurants such as izakaya. Each unit is a spacious 1 bed/1bath + in-unit laundry room. Most units have been well maintained and have original hardwood floors. There are 5 covered parking spots located on the property, there is access via a gated driveway. There is a possibility to build extra units on the back of the property. Buyer to do their own due diligence.

  • September, 2021

  • Sep 4, 2021

    Date

    Price Change

    CRMLS: 21770582

    $1,525,000

    Price

  • Aug 9, 2021

    Date

    Active

    CRMLS: 21770582

    $1,600,000

    Price

  • June, 2005

  • Jun 9, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1143 N Commonwealth Ave

Assessed Value (2020): $65,892
Year Land Value Improved Value Assessed Value
2020 $29,337 $36,555 $65,892

Home Value Compared to the Market

This property vs the competition

1143 N Commonwealth Ave sold on November 24, 2021 for 28.15% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $484.43 per/sqft which puts the price per square foot 35.84% lower than the current median sale per square foot for the city of Los Angeles.

About 1143 N Commonwealth Ave

Detailed summary of property

1143 N Commonwealth Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,148 living square feet, and sits on an approximately 6,250 square foot lot. 1143 N Commonwealth Ave was first listed on ArdentRealEstateGroup.com on August 9, 2021. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.15% higher than the current median priced home. Local homes that are currently for sale include 1150 N Kingsley Dr, 342 N Dillon St and 4214 Rosewood Ave. While the average home in Los Angeles, CA is selling in 95 days, 1143 N Commonwealth Ave has a days on market of 63 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 1143 N Commonwealth Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1143 N Commonwealth Ave

Public county record property details
Beds
4
Baths
4
Year built
1925
Sq. Ft.
3,148
Lot Size
6,250
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5542-025-027

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$759
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$759
Total Inventory
35
Median Sale to List Price %
98.15%
Avg Days on Market
47
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1143 N Commonwealth Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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