420 N COMMONWEALTH Avenue, Los Angeles, CA 90004

About this property

At the convergence of Silver Lake, Hi-Fi, and K-town, find this appropriately hip and stylish income property. Less your run of the mill triplex and more a mini compound, 420 N Commonwealth is comprised of three fenced and gated stand-alone bungalows, each with private outdoor spaces and ample parking. All units were taken down to the studs in 2015 and afford tenants in-unit laundry, gleaming solid oak floors, tastefully appointed open-concept kitchens, modern and bright bathrooms, dual-pane windows, tankless water heaters, and energy efficient HVAC systems. While the property has functioned for two years as a fully occupied, bread and butter income producer, a recent vacancy in the largest of the units (2 bedrooms, 1 bathroom, 834 square feet -- most recently rented for $3,020/month) allows the next owner to either collect market rent or move right in as an owner-user.

Listing description from the October 2017 sale, as reported to CRMLS.

Sale history

$1,384,000

Sold October 2017 · listed $1,349,000, on market August 2017 · MLS #17262026 · Source: CRMLS

Listing Agent: Geoffrey Borys · Listing Office: Coldwell Banker Residential Br · Contact: 310-777-6200 · Bought with: Mary Ann Magpile · The Real Estate Group

$1,226,800

Sold June 2016 · listed $1,285,000, orig. $1,495,000, on market January 2016 · MLS #16976105 · Source: CRMLS

Listing Agent: Talwinder Rana · Listing Office: Young Eagle Realty & Loan Inc. · Contact: 310-666-2522 · Bought with: Geoffrey Borys · Coldwell Banker Residential Br

$475,000

Sold October 2014 · listed $435,000, on market September 2014 · MLS #SB14194604 · Source: CRMLS

Listing Agent: Alex Chavez · Listing Office: Ken Nakaoka Co. · Contact: 310-323-4444 · Bought with: Alex Chavez · Ken Nakaoka Co.

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