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1501 N Commonwealth Ave Los Angeles, CA 90027

$1,450,000 Sold Price as of 11/20/2019

4 Beds
4 Baths
2,810 Sq.Ft.

Sold

$1,450,000 Sold Price as of 11/20/2019 Refinance Your Mortgage

Map preview of 1501 N Commonwealth Ave, Los Angeles, CA 90027

Property Overview: 1501 N Commonwealth Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,810 living square feet and 5,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offering pride of ownership and terrific income potential, this handsome Spanish-style fourplex is situated on a sunny corner lot in prime Los Feliz. There are two detached plus two side-by-side units, each providing one bedroom, one bathroom, a front porch and small side yard. Nicely proportioned and rich in character, the apartment units have many original design details intact including arched pass-throughs and decorative molding. Flooring surfaces vary and include wood, tile and linoleum. The well-kept property is beautifully landscaped with drought-tolerant plantings. A pair of garages can be used for vehicles or storage. This desirable location places you around the corner from the historic Vista theater and all of Los Feliz Village, a lively scene of boutiques, dining, coffee houses and nightlife. Silver Lake's trendy Sunset Junction is nearby, along with the hiking trails of Griffith Park. Commuters enjoy quick access to the Metro station and several freeways.

Listed by Tracy B Do | BRE #01350025 | Compass
Co-listed by Melinda Rae | BRE #02011155 | Compass

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft: 5,801
HOA Dues: $0/mo
Year built: 1922
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19466282
City: Los Angeles
County: Los Angeles
Time on Site: 1212 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 3

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,342
Total Rent: $1,342
Pro Forma/Market Rent: $2,400

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,676
Total Rent: $1,676
Pro Forma/Market Rent: $2,500

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,047
Total Rent: $1,047
Pro Forma/Market Rent: $2,100

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,700
Total Rent: $2,700
Pro Forma/Market Rent: $2,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18.17
Gross Scheduled Income: --
Net Operating Income: $61,756
Gross Operating Income: $78,756
Improvements Total: $325,000

Annual Expense Breakdown

Total Operating Expense: --
Trash: $1,050
Insurance: $1,400
Water/Sewer: $1,050

Property Details for 1501 N Commonwealth Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Laundry Information

Has Laundry
Washer Included, Dryer Included

Kitchen Information

Has Appliances
Disposal, Refrigerator, Dishwasher

Lot Details / Garage and Parking

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 5542007025
Property Condition: Building Permit

Location / Neighborhood

Location Information

Directions: Google Maps

View more facts & features

Local Los Angeles Agent

Sale History for 1501 N Commonwealth Ave

Last sold for $1,450,000 on November 20th, 2019

November, 2019
Nov 20, 2019

Date

Sold

CRMLS: 19466282

$1,450,000

Price
Aug 19, 2019

Date

Active Under Contract

CRMLS: 19466282

$1,475,000

Price
Aug 2, 2019

Date

Price Change

CRMLS: 19466282

$1,475,000

Price
Jul 16, 2019

Date

Price Change

CRMLS: 19466282

$1,549,000

Price
Jun 18, 2019

Date

Price Change

CRMLS: 19466282

$1,575,000

Price
May 16, 2019

Date

Active

CRMLS: 19466282

$1,680,000

Price
November, 2019
Nov 20, 2019

Date

Sold (Public Records)

Public Records

$1,450,000

Price
November, 2019
Nov 20, 2019

Date

Sold (Public Records)

Public Records

--

Price
November, 2018
Nov 19, 2018

Date

Leased

CRMLS: 18396208

$2,700

Price
Nov 10, 2018

Date

Pending

CRMLS: 18396208

$2,700

Price
Nov 2, 2018

Date

Price Change

CRMLS: 18396208

$2,700

Price
Oct 12, 2018

Date

Active

CRMLS: 18396208

$2,850

Price
Listing provided courtesy of CRMLS

A gorgeous flat inside a charming Spanish-style duplex in the trendiest part of Los Feliz. The character-rich period residence is beautifully restored and abounds in original design details, including an arched opening between living and dining, a decorative fireplace and architectural trim and moldings throughout. The classic layout has a spacious feeling; walls of brilliant white are punctuated with windows clad in triple-pine casings, and dark-hued wood flooring exudes warmth. The updated bathroom is newly tiled in white with a floral pattern rushing across the wall. Amenities include a stacked washer and dryer, brand new energy-efficient cooling and heating mini units and an uncovered parking space. The amazing location puts you minutes away from Caffe Vita, the Vista theater, Dinosaur Coffee, Ma'am Sir and all of Los Feliz Village. Sunset Junction is a few blocks away and there's easy access to the Red and Purple Line Metro plus the 2, 5 and 101 freeways.

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Tax History for 1501 N Commonwealth Ave

Assessed Value (2020): $1,450,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,100,000	$350,000	$1,450,000

Home Value Compared to the Market

This property vs the competition

1501 N Commonwealth Ave sold on November 20, 2019 for 23.95% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $524.91 per/sqft which puts the price per square foot 30.48% lower than the current median sale per square foot for the city of Los Angeles.

About 1501 N Commonwealth Ave

Detailed summary of property

1501 N Commonwealth Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,810 living square feet, and sits on an approximately 5,801 square foot lot. 1501 N Commonwealth Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 23.95% higher than the current median priced home. Local homes that are currently for sale include 5228 De Longpre Ave, 957 N Ardmore Ave and 3456 Plata St. While the average home in Los Angeles, CA is selling in 94 days, 1501 N Commonwealth Ave has a days on market of 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1501 N Commonwealth Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1501 N Commonwealth Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1922
Sq. Ft.: 2,810
Lot Size: 5,801
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 49
APN: 5542-007-025

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,399,000

Median List Price/Sq.Ft.

$932

Median Sold Price

$1,785,930

Median Sold Price/Sq.Ft.

$941

Total Inventory

Median Sale to List Price %

99.49%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.