$ 5,000,000
2050 N Commonwealth Avenue Los Angeles, CA 90027
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$ 5,000,000
Est. payment | /mo
12,251 SqFt
$ 5,000,000
Est. payment | /mo
12,251 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,251 sqft
Price per Sqft $408
MLS Listing ID CL24456505
HOA Y/N No
Year Built 1928
Lot Size 0.310 Acres
Acres 0.31
Property Description
The Berkshire Apartments at 2050 North Commonwealth Avenue is a 17-unit courtyard apartment community in Los Feliz (90027). It is being offered for sale for the first time in over 40 years. The offering offers investors a rare opportunity to acquire an irreplaceable asset in one of LA's most dynamic neighborhoods. Built in 1928, 2050 North Commonwealth Avenue is a quintessential 1920s courtyard property that attracts quality residents who appreciate the asset's style, irreplicable charm, and extremely desirable location. An exceptional unit composition consists of Two (2) 2 Bedroom/1 Bathroom Units, Eleven (11) 1 Bedroom/1 Bathroom Units, and Four (4) Studio apartments. In all, 2050 North Commonwealth Avenue comprises +/- 12,251 square feet of improvements and is sited on a +/- 13,499 square foot parcel. Most apartment units are accessed through an inviting and tastefully landscaped courtyard. Each unit provides front and rear egress, coved ceilings, hardwood flooring, built-in storage, and period details. In recent years, current ownership has completed several meaningful capital expenditures such as the mandatory soft-story retrofit (2020), replacement/repair of all the buildings staircase railings (2022), re-roofed with Class A materials (including tear-off) (2005) and install
Location
State CA
County Los Angeles
Area Listing
Zoning LAR1
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5591008027
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Listed by Nick Astrupgaard • KW Commercial Studio City
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States