2050 Commonwealth Ave Los Angeles, CA 90027-2825
Property profile & analytics
2050 Commonwealth Ave Los Angeles, CA 90027-2825
- Apartment buildings
- 12,251 SF
- 0.31 lot acres
Property ID
US10-0454824
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2050 Commonwealth Ave
- Year built
- 1928
- Construction
- WOOD
- Lot size
- 0.31 lot acres
- Property size
- 12,251 SF
- Zone code
- LAR1
- Property type
- Apartment buildings
- APN
- 5591-008-027
- APU
- 5591008027
Description
This charming 17-unit apartment building, built in 1928, presents a compelling value-add investment opportunity in Los Angeles' desirable Los Feliz neighborhood (90027). The property boasts 12,251 square feet of improvements on a 13,499 square foot lot, featuring a mix of studio, one-bedroom, and two-bedroom units. The unit mix includes two two-bedroom/one-bathroom units, eleven one-bedroom/one-bathroom units, and four studio apartments. Each unit offers desirable features such as hardwood floors, built-in storage, and period details, accessed primarily through a landscaped courtyard. The building has undergone significant capital improvements, including a completed soft-story seismic retrofit (2020), stair railing replacements (2022), a new roof (2005), and a new water heater (2019). Parking is provided for 14 vehicles, with 11 on-grade spaces and 3 enclosed garages. Utilities are separately metered. The property includes a common laundry room and ample storage. With a current occupancy of 94%, a NOI of $257,986, and a pro-forma NOI of $372,876, this property offers a 5.16% cap rate and a pro-forma cap rate of 7.46%. The asking price is $5,000,000, translating to $294,118 per unit. The property's Walk Score of 89 reflects its highly walkable location, close to dining, coffee shops, and major employment centers in Hollywood and Downtown Los Angeles. The permitted zoning is LAR1. This is a rare opportunity to acquire an irreplaceable asset in a thriving Los Angeles market.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.285
- Latitude
- 34.1093
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,600
$263,111
$299,461
$562,572
-
$0.00
$0.00
$0.00
