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1242 N Commonwealth Ave, Los Angeles, CA 90029
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1242 N Commonwealth Ave Los Angeles, CA 90029

$1,020,000 Sold Price as of 07/01/2021
  • 4 Beds
  • 2 Baths
  • 1,706 Sq.Ft.
Sold
$1,020,000 Sold Price as of 07/01/2021 Refinance Your Mortgage
Map preview of 1242 N Commonwealth Ave, Los Angeles, CA 90029

Property Overview: 1242 N Commonwealth Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,706 living square feet and 6,003 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to own a wonderful duplex in the desirable Silverlake area! The charming 2BR/1B front house has its own private courtyard and porch, open floor plan with hardwood floors, decorative fireplace, indoor washer and dryer and remodeled kitchen. The back 2BR/1B home features spacious living areas, upgrades and a private outdoor patio perfect for entertaining. Ideally located in the Sunset Junction area close to parks, shops and restaurants, this property has it all! Off street parking available. Please call agent for showing information. Tenant occupied.

Listed by Jane Kellard | BRE #01506433 | Sotheby's International Realty
Last checked: 7 minutes ago | Last updated: December 15th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,003
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21725744
City
Los Angeles
County
Los Angeles
Time on Site
1143 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1242 N Commonwealth Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5542023010
  • Architectural Style: Craftsman
Location / Neighborhood
Location Information
  • Directions: South of Fountain off Sunset Junction
View more facts & features

Local Los Angeles Agent

Sale History for 1242 N Commonwealth Ave

Last leased for $4,250 on December 15th, 2023

  • December, 2023

  • Dec 15, 2023

    Date

    Leased

    CRMLS: 23322023

    $4,250

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23322023

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Opportunity to live at the heart of Silver Lake in a charming, renovated Craftsman home that features an updated kitchen, bathroom, central AC and hardwood floors throughout. Private entrance offers Ojai style vegetation and a front patio. Each room has several windows that offer natural light and cross breeze ventilation. Additionally, there is one off street parking space and a side yard. 1242 N Commonwealth is walking distance to Erewhon, Silver Lake Hotel, Black Cat, El Cid, Shake Shack and many more staple establishments at Sunset Junction. You're also equidistant to Virgil Village and Los Feliz.

  • July, 2021

  • Jul 2, 2021

    Date

    Sold

    CRMLS: 21725744

    $1,020,000

    Price

  • Jun 1, 2021

    Date

    Active Under Contract

    CRMLS: 21725744

    $1,149,000

    Price

  • May 3, 2021

    Date

    Price Change

    CRMLS: 21725744

    $1,149,000

    Price

  • May 1, 2021

    Date

    Active

    CRMLS: 21725744

    $1,149,000,000

    Price

  • August, 2017

  • Aug 15, 2017

    Date

    Active

    CRMLS: 17260586

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Wonderful 2 bedroom/ 1 bath bungalow with private courtyard and porch right off the Sunset Junction. Great for entertaining, this spacious home features an open floorplan with hardwood floors, fireplace, remodeled kitchen with stainless steel appliances and washer and dryer inside. This cozy home won't last! Please submit current credit report with application.

  • January, 2012

  • Jan 6, 2012

    Date

    Sold (Public Records)

    Public Records

    $619,500

    Price

  • July, 2011

  • Jul 21, 2011

    Date

    Sold (Public Records)

    Public Records

    $401,000

    Price

Show More

Tax History for 1242 N Commonwealth Ave

Assessed Value (2020): $711,491
Year Land Value Improved Value Assessed Value
2020 $426,091 $285,400 $711,491

Home Value Compared to the Market

This property vs the competition

1242 N Commonwealth Ave sold on July 1, 2021 for 1.68% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $673.51 per/sqft which puts the price per square foot 10.68% lower than the current median sale per square foot for the city of Los Angeles.

About 1242 N Commonwealth Ave

Detailed summary of property

1242 N Commonwealth Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,706 living square feet, and sits on an approximately 6,003 square foot lot. 1242 N Commonwealth Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,020,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.68% higher than the current median priced home. Local homes that are currently for sale include 5415 Monroe St, 4938 Maplewood Ave and 1922 Santa Ynez St. While the average home in Los Angeles, CA is selling in 99 days, 1242 N Commonwealth Ave has a days on market of 27 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1242 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 1242 N Commonwealth Ave

Public county record property details
Beds
3
Baths
2
Year built
1912
Sq. Ft.
1,706
Lot Size
6,002
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5542-023-010

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
$1,022,990
Median List Price/Sq.Ft.
$740
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$759
Total Inventory
31
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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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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