1501 North Commonwealth Avenue

Los Angeles, CA 90027

$1,475,000
Price
4
Beds
4
Baths
2,810 Sq. Ft.
$525 / Sq. Ft.
2,810
Sq. Ft.
$525
per Sq. Ft.

Property Details for 1501 North Commonwealth Avenue

StatusAccepting Backup Offers
MLS #19466282
Year Built1922
DOM95
Compass TypeTownhouse
MLS TypeResidential Income / Fourplex
Lot Size0.13 AC / 5,801 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Tracy Do

Compass

tracy.do@compass.com

P: 323.842.4001

DRE #01350025

Contact Agent(s)

Property Details for 1501 North Commonwealth Avenue

Area
Los Feliz (C22)
Parking Spaces Total
2
Pool
No
Cooling Type
Wall or Window Units

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... 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.

Location

Listing Courtesy of Compass, Tracy Do, DRE #01350025; Compass, Melinda (Mindy) Rae, DRE #02011155

Listing Agents

  1. Tracy Do

    Listing Agent

    Compass

    DRE #01350025

    tracy.do@compass.com

    P: 323.842.4001

  2. Melinda (Mindy) Rae

    Alternative Listing Agent

    Compass

    DRE #02011155

    mindy.rae@compass.com

    P: 323.819.0567

Building Information for 1501 North Commonwealth Avenue

Stories-Residences4Year Built1922Building Size-Lot Size0.13 AC / 5,801 SF

Payment Calculator

$5,305 per month

30 year fixed, 3.51% Interest

Principal and Interest

$5,305

Property Taxes

HOA Dues

$0

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Property Information for 1501 North Commonwealth Avenue

Property Features
    Interior Features
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
  • Cooking Appliances: Microwave
  • Heating: Wall Heater
    Parking Info
  • Parking Features: Garage Is Detached
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: Google Maps
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $81,192
  • Gross Operating Income: $78,756
  • Gross Rent Multiplier: 18.17
  • Net Operating Income: $61,756
    Expense Details
  • Expense Gardener: $500
  • Expense Insurance: $1,400
  • Expense Tax: $13,000
  • Expense Total Annual: $17,000
  • Expense Trash: $1,050
  • Expense Water: $1,050
    Assessment Info
  • Assessed Improvement Value: $325,000
  • Assessed Land Value: $975,000
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Public Records
  • Lot Size SQFT: 5801
  • Tax Parcel Number: 5542007025
  • Zoning: LARD1.5
Structure Info
    Structure Info
  • Units Total In Complex: 4
  • Building Permit: Yes
  • Number Of Buildings: 3
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Square Footage Source: Public Records
  • Has Water Heaters: Yes
  • Year Built: 1922
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $1,342
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $2,400
  • Unit Total Monthly Rent 1: $1,342
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,676
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $2,500
  • Unit Total Monthly Rent 2: $1,676
  • Unit Type 2: 1.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $1,047
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 1.0
  • Unit Projected Total Monthly Rent 3: $2,100
  • Unit Total Monthly Rent 3: $1,047
  • Unit Type 3: 1.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $2,700
  • Unit Number Of Bath 4: 1.0
  • Unit Number Of Bed 4: 1.0
  • Unit Projected Total Monthly Rent 4: $2,700
  • Unit Total Monthly Rent 4: $2,700
  • Unit Type 4: 1.0
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 1501 North Commonwealth Avenue

DateEvent & SourcePriceAppreciation
Aug 18, 2019Accepting Backup Offers

CARETS #19466282

Aug 18, 2019Pending

CARETS #19466282

Aug 1, 2019Price Change

CARETS #19466282

$1,475,000
DateEvent & SourcePrice
08/18/2019
Accepting Backup Offers

CARETS #19466282

08/18/2019
Pending

CARETS #19466282

08/01/2019
Price Change

CARETS #19466282

$1,475,000

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$994,500Additions$331,500Total$1,326,000
Tax Record2018$16,197
Home Facts
Beds4Finished Sq.Ft.2,810 SqFtLot Size5,801 SqFtStyleQuadraplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5542007025

Schools near 1501 North Commonwealth Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Thomas Starr King Middle SchoolPublic6-80.3 mi
7
Lexington Avenue Primary CenterPublicK-20.4 mi
NR
Mary's SchoolhousePrivateK0.5 mi
NR
Canyon Oaks SchoolPrivate8-120.5 mi
NR

Thomas Starr King Middle School

6-8, 0.3 mi, Public

7

Lexington Avenue Primary Center

K-2, 0.4 mi, Public

NR

Mary's Schoolhouse

K, 0.5 mi, Private

NR

Canyon Oaks School

8-12, 0.5 mi, Private

NR

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.

Los Feliz
Los Feliz is the birthplace of one of California’s most iconic celebrities: Mickey Mouse.

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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Tracy Do, DRE #01350025; Compass, Melinda (Mindy) Rae, DRE #02011155
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