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$ 5,000,000
Est. payment | /mo
15 Beds
17 Baths
12,251 SqFt
$ 5,000,000
Est. payment | /mo
15 Beds
17 Baths
12,251 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,251 sqft
Price per Sqft $408
MLS Listing ID 24456505
Bedrooms 15
HOA Y/N No
Year Built 1928
Lot Size 0.310 Acres
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 installed a new 100-gallon water heater (2019). Parking is provided for 14 vehicles via eleven (11) on-grade spaces and three (3) enclosed garages. Electrical and gas utilities are separately metered, and each resident pays for their usage. There is also a large common area, laundry room, and significant storage. Los Feliz is a premier rental destination in Los Angeles and commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 2050 North Commonwealth Avenue is a short distance from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. 2050 North Commonwealth Avenue has a Walk Score of 89 out of 100. This location is in the Greater Griffith Park neighborhood in Los Angeles. Nearby parks include Barnsdall Park, Barnsdall Park, and William Mulholland Memorial.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Zoning LAR1
Interior
Fireplace No
Exterior
Parking Features Covered, Uncovered
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5591008027
Special Listing Condition Standard
Listed by Nick Astrupgaard • KW Commercial Studio City