
Los Angeles, California 90029
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well above the $1,252,381 Fair Market Value by -3%. Featuring a Condition Rating of 6, this Triplex Asset requires extensive renovation to stabilize the two unfinished structures. The 6,250 sq. ft. lot offers significant redevelopment potential in a high-demand East Hollywood location. This is a complex, capital-intensive project best suited for Buy-and-Hold Investors or Contractors capable of navigating the necessary permitting and restoration work to unlock long-term value.
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 | 3 | 1 | 962 | $1,302 | - |
A 1127 N Commonwealth Avenue Active | $1,300,000 List Price | 0 | 0 | 962 | $1,351 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1911 (>50 years) with no recent upgrades to the primary unit. Two of the three structures are currently unfinished shells (one down to the studs), and the listing is marketed as a redevelopment opportunity focusing on land value and vision.
Situated in the high-demand East Hollywood area near Silver Lake and Virgil Village, the property benefits from a vibrant cultural scene and ongoing neighborhood transformation.
As a triplex on a generous 6,250 sq. ft. lot, this property serves as a blank canvas for restoration, expansion, or full redevelopment in a growing architectural market.
The gated lot features a mature canopy of trees, offering a rare level of peace and privacy within a dense urban landscape, enhancing its appeal for creative live/work use.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 962, other record living area = 1834.
With only one basic habitable unit and two structures currently unfinished or down to the studs, the property requires substantial immediate capital investment and construction.
Offered in as-is condition, the buyer faces the challenge of verifying permits, zoning, and unit configurations for structures that have already undergone partial, unfinished work.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 962 | 2,097 | 33% |
| Lot Size | 6,250 | 6,250 | 50% |
| Price | $1.30M | $1.30M | 50% |
| Price per sq ft | $1.4K | $570 | 67% |
| Built year | 1911 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 288 | 33% |
May 13, 2026
$1,300,000
Initial Listing
May 30, 2003
$266,000
Public Record