4-Unit Quadplex with Covered
1143 N Commonwealth Ave, Los Angeles, CA 90029
For Sale
$1,550,000
Residential Income, Los Angeles, CA
Property Size3,148 SF
Lot Size0.14 Acres
Price / SF$492.38
Days on Market47
Property Features for 1143 N Commonwealth Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
in-unit laundry
covered parking
landscaping
storage
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Nourmand & Associates-HW
(323) 462-6262
Listed By:
Jennifer Eckert · License CA #01512045
(323) 543-3697
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 9 at 12:06PM
MLS# 26985237
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1925 Los Angeles quadplex contains four one-bedroom, one-bath residences, each approaching 800 square feet. Original hardwood flooring, high ceilings, crown molding, and in-unit laundry are among the interior details. Two units are vacant; the other two are occupied by long-term residents. The property has 3,148 square feet of building area on a 0.1435-acre lot and is zoned LAR2.
A 2022 seismic retrofit, refreshed stucco and exterior paint, and landscaped grounds are among the property improvements. Gated driveway access leads to four covered parking spaces and one open guest space. Each residence also has individual storage.
A 2022 seismic retrofit, refreshed stucco and exterior paint, and landscaped grounds are among the property improvements. Gated driveway access leads to four covered parking spaces and one open guest space. Each residence also has individual storage.
Key Highlights
- Four residences, each with one bedroom and one bathroom
- 3,148 square feet of building area on a 0.1435‑acre lot
- Two vacant units and two occupied by long‑term residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,975
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,500
$1.1M
Cap Rate 7%
$785,357
$785.4K
Cap Rate 9%
$610,833
$610.8K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$85.0K $27.00/SF
− Vacancy
−$6.5K −$2.05/SF
EGI
$78.5K $24.95/SF
− OpEx
−$23.6K −$7.48/SF
NOI
$55.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,500
Cap Rate 7%
$785,357
Cap Rate 9%
$610,833
Alternative Uses
Best Use
Multifamily LT 5
$785.4K
$687.2K – $916.3K
NOI $54,975 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$723.6K
$633.2K – $844.2K
NOI $50,654 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,003 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two homes are vacant, while the other two have long-term residents in place.
Where is this quadplex located?
The property is located at 1143 N Commonwealth Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four residences, each with one bedroom and one bathroom; 3,148 square feet of building area on a 0.1435‑acre lot; Two vacant units and two occupied by long‑term residents
