Commonwealth Cottages

At the convergence of Silver Lake, Hi-Fi, and K-town, find this appropriately hip and stylish income property. Less your run of the mill triplex and more a mini compound, 420 N Commonwealth is comprised of three fenced and gated stand-alone bungalows, each with private outdoor spaces and ample parking. All units were taken down to the studs in 2015 and afford tenants in-unit laundry, gleaming solid oak floors, tastefully appointed open-concept kitchens, modern and bright bathrooms, dual-pane windows, tankless water heaters, and energy efficient HVAC systems. While the property has functioned for two years as a fully occupied, bread and butter income producer, a recent vacancy in the largest of the units (2 bedrooms, 1 bathroom, 834 square feet -- most recently rented for $3,020/month) allows the next owner to either collect market rent monthly or move right in as an owner-user. Front and middle houses produce monthly rents of $2,650 and $2,125, respectively.

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