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.
Property Details
Property Features
Property Information:
Year Built: 1928
Stories: 2
Living Area: 12,251 SqFt
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 15
Exterior Features
Parking Information:
Parking: Covered, Uncovered
Lot Features
Lot Information:
Lot Size: 0.31 Acres
Other
Directions Information:
Directions: Excellent Los Feliz Location on corner of Commonwealth Ave and Price St.
Price Information
Listing Price Info
Price Summary:
List Price: $5,000,000
Price Per SqFt: $408/SqFt
Tax Information:
Annual Amount: $7,973
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.9M more than the Median Sold Price and $233/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24456505
Listing Office:
Office Name: KW Commercial Studio City
Office Phone: (818) 432-1500
Listing Agent: Nick Astrupgaard
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,973
$530,311
2020
$7,772
$521,707
2019
$7,570
$511,479
2018
$13,422
$501,451
2017
$13,422
$997,277
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$25K
Per Month
Principal & Interest
$24.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$15K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Franklin Avenue Elementary
1910 N Commonwealth Ave
Distance between this listing and this school0.23 miles
Public District Grades KG-5
7
/10
Los Feliz STEMM Magnet School
1740 N New Hampshire Ave
Distance between this listing and this school0.64 miles
Public Magnet Grades KG-6
8
/10
Ivanhoe Elementary
2828 Herkimer St
Distance between this listing and this school1.02 miles
Public District Grades KG-5
Nearby Schools
6
/10
Thomas Starr King Middle School
4201 Fountain Ave
Distance between this listing and this school0.94 miles
Public Magnet Grades 6-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school2.12 miles
Public District Grades 6-8
5
/10
Los Feliz Charter Middle School for the Arts
2709 Media Center Dr
Distance between this listing and this school2.26 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
John Marshall High School
3939 Tracy St
Distance between this listing and this school0.44 miles
Public District Grades 9-12
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school1.89 miles
Public District Grades 9-12
7
/10
STEM Academy of Hollywood
1309 N Wilton Pl
Distance between this listing and this school1.89 miles
The neighbors living near this home have an average income of $90,549. Typical income of Los Angeles, CA residents is between $100k-200k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2050 N Commonwealth Ave
What is the listing price of this property?
The listing price of 2050 N Commonwealth Ave property is $5,000,000.
What type of property is this?
The property 2050 N Commonwealth Ave is a house located in Los Angeles, California, 90027.
Is this property for sale now?
Active Listing: 2050 N Commonwealth Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,973 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 2050 N Commonwealth Ave has 15 bedrooms and 17 bathrooms.
What is the square footage of this property?
The property 2050 N Commonwealth Ave is 12,251 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2050 N Commonwealth Ave is 1928.
Interested in 2050 N Commonwealth Ave? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2050 N Commonwealth Ave in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This 12,251 square foot home, which was built in 1928, sits on a 0.31 acre lot. Features: 15 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $5,000,000.
Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Art Museums
Art Museums
Live Theatre
Hiking/backpacking
Bloomingdales
H&M
Crate & Barrel
Starbucks
Boston Market
Chipotle
Audi
Mercedes
Volkswagen
News
Alternative