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533 N Commonwealth Ave, Los Angeles, CA 90004
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533 N Commonwealth Ave Los Angeles, CA 90004

$1,265,000
  • 7 Beds
  • 6 Baths
  • 3,299 Sq.Ft.
For Sale
$1,265,000 Get Pre-Qualified
Map preview of 533 N Commonwealth Ave, Los Angeles, CA 90004

Property Overview: 533 N Commonwealth Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 3,299 living square feet and 7,503 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: FANTASTIC hidden gem! The opportunity to own a (3) unit property with possibility or potential to be 4-5 units (ADU) conversion of attached garage below the rear unit. This property will not last, calling all investors or visionaries. Location! Location! Location! This home is situation in great serenity neighborhood w/much growth. This home is located minutes away from the Downtown L.A, Chinatown, and the Hollywood/Echo Park/Silver Lake area. Only minutes away from L.A.C.C community college and the 101 fwy entry. Additionally close to the metro station. Also close to groceries stores/shopping centers and proximity of public schools. Only the rear/back unit will be vacant at the close of escrow no exceptions, and do not ask for more vacancy. The back/rear unit is well taken care of and has a lovely remodel kitchen w/beautiful countertops, chandeliers, breakfast area. This unit has A/C & central heater for the hot summers or cold winter day; plenty of widows for natural light. In addition, this back unit has a small back yard great for the barbecues and w/more potential to let your imagination grow. All the units have individual electrical and gas meters. The property has long driveway and gated; plenty of parking space in between both structures or inside garages (4 individual garages) Garages are only for the use of the owner/seller. The sale of the property is contingent upon seller finding a replacement home to move into, and closing consequently at the same time with the sale of the subject property. Tenants in the front (2) units will remain with the sale of the property, they are paying rent on time without any issues, front 2 units have small front yard (1bed/1bath each; DO NOT DISTURB TENANTS. Subject property is being sold as is where is conditions. Supra lock box installed in the property, see agent remarks for full details. The Broker/Agent does not guarantee the accuracy of the square footage, lot size, or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Note: Buyer is advised to verify all information accuracy through personal professionals independently information deemed reliable but not guaranteed. Buyer/Buyers agent are advised to do their due diligence to verify all information provided.

Listed by Walter Gonzalez | BRE #01838611 | Golden Royalty Properties Inc.
Last checked: 3 minutes ago | Last updated: March 31st, 2024 | Source CRMLS | DOM: 363
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Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23245161
City
Los Angeles
County
Los Angeles
Time on Site
429 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,838
  • Total Rent: $1,738
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.09
  • Gross Scheduled Income: --
  • Net Operating Income: $10,000
  • Gross Operating Income: $10,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 533 N Commonwealth Ave

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Property Details for 533 N Commonwealth Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included
Room Information
  • Flooring: Laminate, Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle, Tile
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage - Three Door, Gated
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 3
  • Parcel Number: 5539029009
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid, Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East from Virgil Ave/West of Hoover/South of Melrose Av/North Middlebury St or refer to your thomas guide.
View more facts & features

Local Los Angeles Agent

Sale History for 533 N Commonwealth Ave

Last sold for $650,000 on August 2nd, 2005

  • February, 2023

  • Feb 28, 2023

    Date

    Active

    CRMLS: 23245161

    $1,300,000

    Price

  • September, 2021

  • Sep 1, 2021

    Date

    Expired

    CRMLS: 20641896

    $1,190,000

    Price

  • Mar 20, 2021

    Date

    Withdrawn

    CRMLS: 20641896

    $1,190,000

    Price

  • Dec 20, 2020

    Date

    Price Change

    CRMLS: 20641896

    $1,190,000

    Price

  • Oct 22, 2020

    Date

    Price Change

    CRMLS: 20641896

    $1,200,000

    Price

  • Oct 13, 2020

    Date

    Price Change

    CRMLS: 20641896

    $1,170,000

    Price

  • Oct 6, 2020

    Date

    Active

    CRMLS: 20641896

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex with lots of POTENTIAL calling all investors! The home is well located just minutes away from the L.A.C.C (Community College) & close to the freeway 101. Minutes away from downtown L.A. Calm neighborhood near local supermarkets and public schools; Live in one rent the other two units (All 3 units are registered). Currently, both renters paying on time and unaware of the sale. 1 unit will be vacated @ COE; this unit has a remodeled kitchen & recent A/C unit. For showings request to LA1,. The Broker/Agent does not guarantee the accuracy of the square footage, lot size, or other information concerning the conditions or features of property provided by the seller or obtained from Public Records or other sources. Note: Buyer is advised to verify all information's accuracy through personal professionals independently, information deemed reliable but not guaranteed.

  • September, 2020

  • Sep 28, 2020

    Date

    Canceled

    CRMLS: 20603798

    $1,160,000

    Price

  • Aug 15, 2020

    Date

    Price Change

    CRMLS: 20603798

    $1,160,000

    Price

  • Aug 9, 2020

    Date

    Price Change

    CRMLS: 20603798

    $1,180,000

    Price

  • Jul 29, 2020

    Date

    Price Change

    CRMLS: 20603798

    $1,190,000

    Price

  • Jul 15, 2020

    Date

    Active

    CRMLS: 20603798

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Calling all investors!! This Gem has 3 Units in one lot. Excellent location, near L.A.C.C (Community College), Silver Lake/Echo Park area. Unit 1 is 2bd/1bath (owner occupied; will be vacate @ COE). Other 2 units are 1bed/1bath ea. Both units have additional bedrooms added that may or may not be w/permits. Has 4 car garage w/long private driveway and big space btwn both units for additional parking. Both front units are tenant occupied and will remain. Property is being sold as is where is conditions, no additional repairs or adjustments will be done. Agent/Broker does not guarantee the accuracy of the square footage lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advise to independently verify the accuracy of all information through personal inspection and w/appropriate professionals, information deemed reliable but not guaranteed

  • August, 2005

  • Aug 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

Show More

Tax History for 533 N Commonwealth Ave

Assessed Value (2020): $812,209
Year Land Value Improved Value Assessed Value
2020 $499,822 $312,387 $812,209

Home Value Compared to the Market

This property vs the competition

533 N Commonwealth Ave is listed 3.27% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $383.45 per/sqft which puts the price per square foot 50.46% lower than the median price per square foot for the city of Los Angeles.

About 533 N Commonwealth Ave

Detailed summary of property

533 N Commonwealth Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 3,299 living square feet, and sits on an approximately 7,503 square foot lot. 533 N Commonwealth Ave was first listed on ArdentRealEstateGroup.com on February 28, 2023. The homeowner is currently asking $1,265,000 and was originally asking $1,300,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 3.27% higher than the median priced home. Local competing homes currently for sale include 4112 Effie St, 725 N Normandie Ave and 4563 Fountain Ave. While the average home in Los Angeles, CA is selling in 96 days, 533 N Commonwealth Ave has a days on market of 363 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 533 N Commonwealth Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 533 N Commonwealth Ave

Public county record property details
Beds
4
Baths
3
Year built
1924
Sq. Ft.
3,299
Lot Size
7,503
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5539-029-009

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Recently Sold Homes Near 533 N Commonwealth Ave

520 N Commonwealth Ave, Los Angeles, CA 90004
$1,150,000 Last Sold Price
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3 Baths
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520 N Commonwealth Ave
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517 N Hoover St, Los Angeles, CA 90004
$1,817,500 Last Sold Price
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517 N Hoover St
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511 N Hoover St, Los Angeles, CA 90004
$1,817,500 Last Sold Price
2 Beds
1 Baths
-- Sq.Ft.
511 N Hoover St
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560 N Virgil Ave, Los Angeles, CA 90004
$2,035,000 Last Sold Price
12 Beds
6 Baths
2124 Sq.Ft.
560 N Virgil Ave
Los Angeles, CA 90004

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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.

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