NOT LISTED FOR SALE

1139 N Commonwealth Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,164,000 - $3,330,301

6 Beds
4 Baths
3,820 Sq Ft
$506/Sq Ft Est. Value

Last Sold September 19, 2017

Last sale price $2,193,750 $574 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $13,010/month

69 Days on Market

Highlights

  • Spanish Architecture
  • Outdoor Grill
  • Auto Driveway Gate
  • John Marshall Senior High Rated A
  • Ceiling Fan

About This Home

As of September 2017

COMMONWEALTH 1139, a newly renovated Spanish 4-Plex featuring mature succulent gardens, fruit trees, grape vines, original details, modern upgrades and huge cash flow. Prime Eastside location at the intersection of Silver Lake, Virgil Village and Los Feliz.This unique income property provides many options for the new owner. Perfect for 1031 Exchange buyer looking for great cash flow from an optimized and professionally managed property. Or an owner-user can live in the fully furnished owner's loft and let the rental income cover their mortgage. In addition, there is upside potential from 2 units leased under market.

Last Agent to Sell the Property

Nick Fichera

Figure 8 Realty License #01932217 Listed on: 06/06/2017

Last Buyer's Agent

Beatrice Harendza

License #01063963

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,930

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 6,250

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,820 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Auto Driveway Gate

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Outdoor Grill
  • 6,250 Sq Ft Lot

Community Details

  • 2 Buildings
  • 4 Units
  • Figure 8 Pm Association

Listing and Financial Details

  • Assessor Parcel Number 5542-025-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,930

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3820
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Barbeque, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 595.55

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway Gate, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Condo/Co-op/Association

  • Management Company: Figure 8 PM

Lot Info

  • Assessed Improvement Value: 270005
  • Assessed Land Value: 190928
  • Assessor Parcel Number: 5542-025-028
  • Geocode Override: No
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.60
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 40000
  • Type Of Units: apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2017
Closed on
Aug 11, 2017
Sold by
Fichera & Hall Llc
Bought by
Miller Paul Joseph and Miller Brenda Elizabeth
Seller's Agent
Nick Fichera
Figure 8 Realty
Buyer's Agent
Beatrice Harendza
List Price
$2,275,000
Sold Price
$2,193,750
Premium/Discount to List
-$81,250
-3.57%
Current Estimated Value
$1,933,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$259,983
Avg. Annual Appreciation
-0.87%

Purchase Details

Listed on
Nov 12, 2015
Closed on
Feb 18, 2016
Sold by
Fichera Frank L
Bought by
Fichera & Hall Llc
Seller's Agent
Deirdre Salomone
Real Broker
Buyer's Agent
Nick Fichera
Figure 8 Realty
List Price
$1,495,000
Sold Price
$1,525,000
Premium/Discount to List
$30,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.34%

Purchase Details

Listed on
Nov 12, 2015
Closed on
Feb 1, 2016
Sold by
Fichera Judith A
Bought by
Fichera Frank L
Seller's Agent
Deirdre Salomone
Real Broker
Buyer's Agent
Nick Fichera
Figure 8 Realty
List Price
$1,495,000
Sold Price
$1,525,000
Premium/Discount to List
$30,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$991,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 12, 2015
Closed on
Dec 17, 2015
Sold by
Wilking Stefan
Bought by
Fichera Frank L and Scott Hall R
Seller's Agent
Deirdre Salomone
Real Broker
Buyer's Agent
Nick Fichera
Figure 8 Realty
List Price
$1,495,000
Sold Price
$1,525,000
Premium/Discount to List
$30,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$991,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 3, 2006
Sold by
Pokonosky Judith M
Bought by
Wilking Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2004
Sold by
Pokonosky Judith M
Bought by
Wilking Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,650
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2002
Sold by
Wilking Stefan
Bought by
Wilking Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.78%

Purchase Details

Closed on
May 21, 2001
Sold by
Pokonosky Judith
Bought by
Wilking Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.15%

Purchase Details

Closed on
May 17, 2001
Sold by
Maleski Andrew C and Maleski Joanna M
Bought by
Wilking Stefan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.15%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Hoxie Annie V
Bought by
Maleski Andrew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
7.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Miller Paul Joseph $2,194,000 Lawyers Title
Fichera & Hall Llc -- Accommodation
Fichera Frank L -- Title365 Company
Hall R Scott -- Title 365 Company
Fichera Frank L $1,525,000 Title 365
Wilking Stefan -- Fidelity National Title Co
Wilking Stefan -- Fidelity National Title Co
Wilking Stefan -- North American Title Co
Wilking Stefan -- Gateway Title
Wilking Stefan $315,000 Gateway Title Company
Maleski Andrew C $245,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fichera Frank L $991,250
Previous Owner Wilking Stefan $200,000
Previous Owner Wilking Stefan $90,000
Previous Owner Wilking Stefan $765,000
Previous Owner Wilking Stefan $100,000
Previous Owner Wilking Stefan $535,000
Previous Owner Wilking Stefan $500,000
Previous Owner Wilking Stefan $485,000
Previous Owner Wilking Stefan $384,650
Previous Owner Wilking Stefan $298,750
Previous Owner Wilking Stefan $37,000
Previous Owner Wilking Stefan $292,000
Previous Owner Wilking Stefan $283,500
Previous Owner Maleski Andrew C $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2017 09/19/17 Sold $2,193,750 -3.6% $574 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
07/25/2017 07/25/17 For Sale $2,275,000 0.0% $596 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
07/12/2017 07/12/17 Price Changed $2,275,000 -3.2% $596 / Sq Ft
06/06/2017 06/06/17 For Sale $2,350,000 +54.1% $615 / Sq Ft
02/09/2016 02/09/16 Sold $1,525,000 +2.0% $399 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
11/12/2015 11/12/15 For Sale $1,495,000 -- $391 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,930 $2,496,108 $1,995,465 $500,643
2024 $29,930 $2,447,166 $1,956,339 $490,827
2023 $29,348 $2,399,183 $1,917,980 $481,203
2022 $27,978 $2,352,141 $1,880,373 $471,768
2021 $27,635 $2,306,021 $1,843,503 $462,518
2019 $26,805 $2,237,625 $1,788,825 $448,800
2018 $26,680 $2,193,750 $1,753,750 $440,000
2016 $5,875 $460,933 $190,928 $270,005
2015 $5,793 $454,011 $188,061 $265,950
2014 $5,886 $445,119 $184,378 $260,741
Source: Public Records

Agents Affiliated with this Home

  • Nick Fichera

    Seller's Agent in 2017

    Nick Fichera

    Figure 8 Realty

    (630) 460-0820

    1 in this area

    14 Total Sales

    Nick Fichera
    Section Image
  • Beatrice Harendza

    Buyer's Agent in 2017

    Beatrice Harendza

    (818) 427-0308

    1 in this area

    52 Total Sales

    Beatrice Harendza
    Section Image
  • Deirdre Salomone

    Seller's Agent in 2016

    Deirdre Salomone

    Real Broker

    (323) 438-8360

    1 in this area

    207 Total Sales

    Deirdre Salomone
    Section Image
  • Ed Faktorovich

    Seller Co-Listing Agent in 2016

    Ed Faktorovich

    Figure 8 Realty

    (323) 270-9303

    2 in this area

    77 Total Sales

    Ed Faktorovich
    Section Image
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Map

Source: The MLS

MLS Number: 17-238062

The MLS

APN: 5542-025-028

California Los Angeles County Los Angeles 90029 East Hollywood

1139 N Commonwealth Ave, Los Angeles, CA

This home is located at 1139 N Commonwealth Ave, Los Angeles, CA 90029 since 06 June 2017 and is currently estimated at $1,933,767, approximately $506 per square foot. This property was built in 1928. 1139 N Commonwealth Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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