
Los Angeles, California 90029
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000, which aligns with the current $1,300,000 Fair Market Value. As a Triplex Asset in East Hollywood, this property requires significant rehabilitation, currently holding a Poor Condition Rating with two unfinished units. The 6,250 sq. ft. lot provides substantial room for expansion or redevelopment in a high-demand urban corridor. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the ongoing neighborhood transformation and long-term rental appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1127 N Commonwealth Avenue Subject | $1,300,000* List Price | 0 | 0 | 962 | $1,351 | - |
A 1127 N Commonwealth Avenue Active | $1,300,000 List Price | 3 | 1 | 962 | $1,351 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This property, built in 1911, is explicitly described as having only one habitable unit that is 'simple, basic and unrefined, with no recent upgrades.' The other two units are unfinished, with one 'down to the studs,' indicating significant structural and interior work is required. The bathroom image confirms outdated fixtures and tiles consistent with a lack of recent renovation. The property is marketed as an 'investor opportunity' and 'blank canvas' for 'restoration, expansion, redevelopment,' and is offered 'as-is,' all pointing to the need for substantial repairs and rehabilitation to make it fully functional and up to modern standards. This aligns perfectly with the 'Poor' condition criteria.
Nestled in vibrant East Hollywood, moments from Silver Lake and Virgil Village, a cultural hub with ongoing redevelopment buzz, enhancing future value.
Identified as a triplex, offering significant income potential once all units are fully developed and habitable.
A generous 6,250 sq. ft. gated lot provides ample space for potential expansion, additional units, or desirable outdoor amenities.
Only one unit is currently habitable, with two additional units unfinished (one down to studs, the other lacking interior finishes), requiring substantial investment.
The sole habitable unit is described as 'simple, basic and unrefined, with no recent upgrades,' indicating a need for comprehensive modernization.
The property is offered 'as-is,' placing the full responsibility for all necessary repairs, upgrades, and due diligence on the buyer.
Unique redevelopment and restoration opportunity nestled in vibrant and eclectic East Hollywood, just moments from Silver Lake and Virgil Village, where creativity meets culture amid indie cafés, local art spaces, hip hangouts, and ongoing neighborhood transformation. This distinctive multi-structure property is identified as a triplex but currently has only one habitable unit—simple, basic, and unrefined, with no recent upgrades. Two additional detached structures were partially opened for renovation work but remain unfinished—one down to the studs, the other enclosed with walls but without interior finishes. Set on a gated and shaded 6,250 sq. ft. lot, the property’s mature canopy of trees creates a surprisingly peaceful and private environment rarely found in the surrounding urban landscape. A blank canvas with outstanding potential for restoration, reimagining, expansion, creative live/work use, or future redevelopment possibilities. Nearby properties have undergone notable transformations, contributing to the area’s growing architectural and lifestyle appeal while creating a unique opportunity for buyers seeking a property with vision and long-term potential. Property offered as-is. Buyer to perform all due diligence and independent verification regarding permits, zoning, unit configuration, and future use potential.
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 962 | 2,250 |
| Lot Size | 6,250 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $1.4K | $395 |
| Built year | 1911 | 1925 |
| HOA | $0 | $0 |
| Days on market | 349 | 83 |
Aug 7, 2025
$1,300,000
Initial Listing
May 30, 2003
$266,000
Public Record