308 1/2 Commonwealth Avenue, Los Angeles, California 90020, Los Angeles, 90020 - 3 bed, 3 bath
308 1/2 Commonwealth Avenue
Los Angeles, California 90020
Property Price
SUMMARY
Analysis of 308 1/2 Commonwealth Avenue, Los Angeles, California 90020 is currently available with a list price of $1,100,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1975, this property has undergone an extensive and recent renovation. The listing explicitly states 'brand-new finishes throughout—fresh paint, new flooring, and beautifully updated bathrooms,' along with a 'chef’s kitchen' featuring stainless steel appliances. The images confirm modern white shaker cabinets, light countertops, contemporary fixtures, recessed lighting, and new flooring throughout, indicating that all components are virtually new and meet current quality standards. The bathrooms also feature updated vanities, modern tiling, and a spa tub in the primary suite, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Family Home Ambiance & Privacy
This townhome offers a rare single-family home feel with a private 2-car garage, direct entry, and an end-unit location providing enhanced privacy within a condominium community.
- Extensive Modern Upgrades
The property boasts brand-new finishes throughout, including fresh paint, new flooring, beautifully updated bathrooms, and a chef's kitchen with stainless steel appliances, ensuring a move-in ready experience.
- Premium Interior Features
Features an open, sun-filled floorplan with soaring 10-ft ceilings, skylights, central A/C, in-unit laundry, a cozy fireplace, recessed lighting, an oversized primary suite with huge closets, and a spa tub for luxurious comfort.
CONSRISKS & DEFICIENCIES
- Age of Building (1975)
Despite recent interior renovations, the 1975 construction year means the underlying building infrastructure is older, potentially leading to higher long-term maintenance costs or future special assessments from the HOA.
- Condominium Ownership Limitations
As a condominium, owners are subject to HOA rules and regulations, which may restrict exterior modifications, pet policies, or rental options, and require shared decision-making for common area maintenance.
- Recent Price Reduction
The property has undergone a price reduction from its original listing of $1.15M to $1.1M, which could indicate initial overpricing or a slower market response, potentially affecting perceived value.
About 308 1/2 Commonwealth Avenue
This stunning 3-bedroom, 1,897 sq ft townhome feels more like a single-family home with its private 2-car garage and direct entry. Step inside to an open, sun-filled floorplan with soaring 10-ft ceilings, skylights, and a private patio that’s perfect for relaxing or entertaining. The chef’s kitchen shines with stainless steel appliances, and brand-new finishes throughout—fresh paint, new flooring, and beautifully updated bathrooms. You’ll love the cozy fireplace, recessed lighting, central A/C, and in-unit laundry for everyday comfort. Upstairs, the oversized primary suite is your retreat with huge closets and a spa tub. The secondary bedroom is spacious enough for a king bed plus a sitting area, and the attached bath offers double sinks and tons of storage. Tucked away in the back of the community, this end unit offers extra privacy with easy garage access off 3rd Street. Low HOA dues and a prime location minutes from DTLA, Koreatown, Echo Park & Silver Lake make this home the total package!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 381,629,152 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 91% |
| Baths | 3.0 | 2.0 | 88% |
| Square foot | 1,897 | 1,003.5 | 94% |
| Lot Size | 381,629,152 | 31,559 | 97% |
| Price | $1.10M | $476.5K | 94% |
| Price per sq ft | $580 | $577 | 50% |
| Built year | 1975 | 1983 | 44% |
| HOA | $200.0 | $450 | 3% |
| Days on market | 172 | 171 | 53% |
Pricing History
Listed for Sale
Sep 29, 2025
$1,100,000
$1,150,000
-4% Price Drop
Initial Listing
Price Change
Sep 15, 2025
$1,150,000
Initial Listing