Millman Team Real Estate

$1,300,000
0.14 Acre Lot

1127 N Commonwealth Avenue, Los Angeles, California 90029

  • Residential Income Property Type
  • 1911 Year Built
Property Description

Incredible investor opportunity nestled in vibrant and eclectic East Hollywood, just a few memorable moments from Silver Lake and Virgil Village, where creativity meets culture amid indie cafés, local art spaces, hip hangouts, and ongoing redevelopment buzz. This unique multi-family property is identified as a triplex but currently has only one habitable unit—simple, basic and unrefined, with no recent upgrades. Two additional units are unfinished—one down to the studs, the other enclosed with walls but without interior finishes. Set on a gated and shaded 6,250 sq. ft. lot, the home’s natural canopy of mature shade trees helps keep bedrooms cool and adds to its peaceful charm. A blank canvas with outstanding potential for restoration, expansion, redevelopment, or the addition of value-add units. Nearby properties have undergone similar transformations, making this a strong opportunity for visionary buyers or developers with the means to unlock its income potential. Property offered as-is. Buyer to perform all due diligence and independent verification.

Basic Details
Residential Income
For Sale
SR25178837
$1,300,000
None
1911
0.14 Acre
Active
Triplex
Features
: None
: Electric, Wall Furnace
: Wall/Window Unit(s)
: Privacy
: None
: Unfinished Walls
: Outside
: Public Sewer
: Sewer Available, Natural Gas Available
$0
Address Map
CA
Los Angeles
Los Angeles
90029
Commonwealth
1127
Avenue
From the 101 Fwy, exit at Vermont Ave. Head south on Vermont, then turn right on Santa Monica Blvd. Turn left onto N Commonwealth Ave. Property is on the right, between Lexington Ave and Santa Monica Blvd.
C21 - Silver Lake - Echo Park
N
R2-1XL
Additional Information
$0
$0
$0
$0
$0
962
: Sidewalks, Curbs, Urban
: Frame
Standard
1
: Raised, Combination
: One
: Yard, Rectangular Lot, Value In Land, Street Level
6250
3
2025-08-07
1
1
: Public
Broker/Agent Information
Berkshire Hathaway HomeService
Robert Zaldana
Financial
4917.0
Listing Information
F207015956
SR207022206
Cash,Cash to New Loan
Active
2025-08-11T13:21:26Z
CRMLS
: Standard
2025-08-07T23:14:24Z
Agent info
Ray Millman
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