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2050-2062 Commonwealth Ave
Los Angeles, CA 90027

$5,000,000 USD

Apartments For Sale  •  12,251 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,251 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1928
  • Cap Rate 5.20 %
  • Zoning LAR1
52 Transit Score
89 Walk Score

Highlights

2050 North Commonwealth Avenue is a charming 17-unit courtyard apartment community in Los Feliz (90027)
Located in Los Feliz, 2050 N Commonwealth Ave is a short distance from many happening shops and a shorty drive primary employers in Hollywood and DTLA
2050 North Commonwealth Avenue has a Walk Score of 89 out of 100. This location is Very Walkable, so most errands can be accomplished on foot
The Hollywood-Silver Lake submarket is one of the strongest employment centers in the Los Angeles MSA and offers access to a diverse set of employers
There is a significant affordability gap to home ownership within the 90027 zip code, with the median SFR selling for more than $2,280,250
There are Fourteen (14) parking spaces in total. Ownership completed the mandatory soft-story retrofit (2020)

Property Flyers

Financial Summary (Actual)

Net Operating Income: $257,986 USD (2023)
Cap Rate: 5.20 %
Total Expenses: $138,022 USD

Amenities

  • 24 Hour Access
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 2.6 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 10 min - 5.4 mi
AirportDriveWalkDistance
Bob Hope 17 min - 11.8 mi
Los Angeles International 31 min - 17.5 mi
Long Beach (Daugherty Field) 39 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Rich Johns 213-305-9026 KW Commercial
Rich Johns 213-305-9026 KW Commercial