441 N Commonwealth Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 1 bed, 1 bath
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Los Angeles, California 90004
This Development-Ready Fixer-Upper represents a strategic acquisition in the high-growth Virgil Village area, listed at $850,000—positioned well below the $858,131 Fair Market Value by 1%. This valuation provides $8,131 in Instant Equity, though the primary upside lies in the Land Assembly Potential of up to 20,518 sq ft across three contiguous lots. With a Condition Score of 5, the structure requires significant capital, making it a premier Value-Add Asset for Real Estate Developers and Value-Add Investors targeting the Silver Lake periphery.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 441 N Commonwealth Avenue Subject | $850,000* List Price | 1 | 1 | 1,014 | $846 | - |
A 157 S Virgil Avenue Active | $899,000 List Price | 2 | 1 | 1,335 | $673 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1904, this property is explicitly described as a fixer-upper in poor condition requiring significant capital investment. Exterior images show substantial deferred maintenance, including peeling paint, cracked masonry, and heavily overgrown vegetation. The lack of interior photos and the listing's focus on land assembly for development suggest the existing structure requires a total overhaul to be functional by modern standards.
Situated in the rapidly growing Virgil Village neighborhood on the edge of Silver Lake, the property is in a high-demand area with significant appreciation potential.
The property offers a rare opportunity to assemble up to three contiguous lots totaling over 20,500 sq ft, making it an ideal site for a larger residential development project.
As a fixer-upper in a trendy locale, this property provides substantial equity-building potential for investors or developers looking to renovate or rebuild from the ground up.
The existing structure is a fixer-upper that requires significant work and capital investment to address its current state and meet modern living standards.
With only one bedroom and one bathroom in a small 1,014 sq ft footprint, the current home offers limited functional space for most buyers without a total overhaul.
This property is located in the rapidly growing Virgil Village neighborhood, right on the edge of Silver Lake. This is a fixer single family home that needs work. Additionally, there is an opportunity to purchase two lots together, totaling approximately 13,012 sq ft, by including the adjoining parcel at 439 N. Commonwealth Ave, a 7,506 sq ft lot offered at $900,000, or three lots together, totaling approximately 20,518 sq ft, by including the adjoining parcels at 439 N. Commonwealth Ave, a vacant 7,506 sq ft lot offered at $900,000, and 447 N. Commonwealth Ave, a duplex on a 7,506 sq ft lot offered at $900,000.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 7% |
| Baths | 1.0 | 4.0 | 15% |
| Square foot | 1,014 | 2,477 | 4% |
| Lot Size | 5,506 | 7,006.5 | 17% |
| Price | $850.0K | $1.86M | 4% |
| Price per sq ft | $838 | $916 | 43% |
| Built year | 1904 | 1921 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 190 | 2% |
Mar 31, 2026
$850,000
Initial Listing