1501 North Commonwealth Avenue

Los Angeles, CA 90027

$1,450,000
Last Sold Price
4
Beds
4
Baths
2,810 Sq. Ft.
$516 / Sq. Ft.
2,810
Sq. Ft.
$516
per Sq. Ft.

Description

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...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.
  1. Listed by Tracy B Do • DRE #01350025 • Brokerage DRE #00625769 • Compass
  2. Listed by Melinda Rae • DRE #02011155 • Brokerage DRE #00625769 • Compass

Property Details for 1501 North Commonwealth Avenue

Zoning
LARD1.5
Parcel Number
5542007025
Total Units
4.0
Living Area
2810
Source Living Area
Assessor
Area
Los Feliz (637)
Vacancy Rate
0%
Lot Size Area
5801

Location

Listing Courtesy of Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

Sold By Sotheby's International Realty, Ari Wintraub, DRE #01943483

Add your commute
LISTING UPDATED: 11/20/2019 12:43 PM

Property Details for 1501 North Commonwealth Avenue

StatusSold
MLS #19-466282
Days on Market188
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,801 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

Sold By Sotheby's International Realty, Ari Wintraub, DRE #01943483

Add your commute

Building Information for 1501 North Commonwealth Avenue

Stories-Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,801 SF

Payment Calculator

$9,477 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$1,564

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 North Commonwealth Avenue

Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: FOURPLEX
  • Property Condition: Building Permit
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $78,756
  • Net Operating Income: $61,756.00
  • Gross Income: $81,192
  • Gross Rent Multiplier: $18.17
  • Total Annual Expense: 17000
  • Water Expense: $1,050.00
  • Trash Expense: $1,050.00
  • Tax Expense: $13,000
  • Gardener Expense: $500
  • Insurance Expense: $1,400
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5801
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 2
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating Type: Wall
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 05-16-2019
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,342.26
  • Unit Actual Rent: $1,342.26
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,676.44
  • Unit Actual Rent: $1,676.44
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,047.31
  • Unit Actual Rent: $1,047.31
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $325,000.00
  • Assessed Land Value: $975,000.00

Property History for 1501 North Commonwealth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 North Commonwealth Avenue

Taxable ValueLand$1,156,295Additions$367,911Total$1,524,206
Tax Record2023$18,764 ($1,564 / month)
Home Facts
Total Finished SqFt2,810 SqFtAbove Grade Finished SqFt2,810 SqFtLot Size5,801 SqFtStyleQuadraplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5542-007-025

Schools near 1501 North Commonwealth Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Los Feliz STEMM Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.