1127 N Commonwealth Avenue
Los Angeles, CA, 90029
$1,300,000
MLS: SR26105020
Beds
3
Baths
1
Sq Ft
962
Lot
0.14 ac
Year Built
1911
MLS #
SR26105020
Days on Market
33
Listed
May 13, 2026
Description
Unique redevelopment and restoration opportunity nestled in vibrant and eclectic East Hollywood, just moments from Silver Lake and Virgil Village, where creativity meets culture amid indie cafés, local art spaces, hip hangouts, and ongoing neighborhood transformation. This distinctive multi-structure property is identified as a triplex but currently has only one habitable unit—simple, basic, and unrefined, with no recent upgrades. Two additional detached structures were partially opened for renovation work but remain 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 property’s mature canopy of trees creates a surprisingly peaceful and private environment rarely found in the surrounding urban landscape. A blank canvas with outstanding potential for restoration, reimagining, expansion, creative live/work use, or future redevelopment possibilities. Nearby properties have undergone notable transformations, contributing to the area’s growing architectural and lifestyle appeal while creating a unique opportunity for buyers seeking a property with vision and long-term potential. Property offered as-is. Buyer to perform all due diligence and independent verification regarding permits, zoning, unit configuration, and future use potential.
Location
Los Angeles, Los Angeles County, CA 90029
Open on Google Maps ↗Listed by: Robert Zaldana · Berkshire Hathaway HomeService
Payment estimate
$9,552
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $130,000 · Loan: $1,170,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,411
- Property tax (1.25%)
- $1,354
- Homeowners insurance
- $300
- Mortgage insurance
- $488
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $45,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90029 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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