533 North Commonwealth Avenue

Los Angeles, CA 90004

$1,265,000
Price
4
Beds
3
Baths
3,299 Sq. Ft.
$383 / Sq. Ft.
3,299
Sq. Ft.
$383
per Sq. Ft.

Description

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...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.
  1. Listed by Walter Gonzalez • DRE #01838611 • Brokerage DRE #01838611 • Golden Royalty Properties Inc.

Property Details for 533 North Commonwealth Avenue

Zoning
LAR2
Style
Contemporary
Parcel Number
5539029009
Total Units
3.0
Living Area
3299
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
1/3

Location

Listing Courtesy of Golden Royalty Properties Inc., Walter Gonzalez, DRE #01838611
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LISTING UPDATED: 03/30/2024 09:12 PM

Property Details for 533 North Commonwealth Avenue

StatusActive
MLS #23-245161
Days on Market355
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.17 AC / 7,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Golden Royalty Properties Inc., Walter Gonzalez, DRE #01838611
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Virtual Tour

Building Information for 533 North Commonwealth Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.17 AC / 7,503 SF

Payment Calculator

$7,798 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,904

Property Taxes

$894

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 533 North Commonwealth Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Water: District
  • Sewer: In Street Paid, In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Conventional, FHA
  • 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: $10,000
  • Net Operating Income: $10,000.00
  • Gross Income: $6,338
  • Gross Rent Multiplier: $17.09
  • Actual Gross Annual Income: $76,056
  • Vacancy Allow Percent: 30.00%
  • Owner Pays: Water, Other
  • Total Annual Expense: 10000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7503
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Attached, Garage - 3 Car, Gated
  • Total Parking: 4
  • Parking Features: Driveway, Garage - Three Door, Gated
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Equipment: Dishwasher, Range/Oven, Gas Dryer Hookup, Dryer
  • Cooking Appliances: Gas
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • Roof: Shingle, Tile
  • Patio Features: Porch - Front
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-28-2023
  • Tenant Pays: Electricity, Gas, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,838.00
  • Unit Actual Rent: $1,738.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $321,935.00
  • Assessed Improvement Percent: 38.46
  • Assessed Land Value: $515,100.00
  • Assessed Land Percent: 61.54
  • Assessed Total Value: $837,035.00

Property History for 533 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 533 North Commonwealth Avenue

Taxable ValueLand$525,402Additions$328,373Total$853,775
Tax Record2023$10,726 ($894 / month)
Home Facts
Total Finished SqFt3,299 SqFtAbove Grade Finished SqFt3,299 SqFtLot Size7,503 SqFtStyleTriplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5539-029-009

Schools near 533 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 5
Rating
School
Distance
Dayton Heights Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

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.

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533 North Commonwealth Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on February 28, 2023 by Golden Royalty Properties Inc., it's currently listed at $1,265,000. It has been on the market for a total of 355 days and was last sold on June 16, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Dayton Heights Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 533 North Commonwealth Avenue is a 4-bed, 3-bath, 3,299 sqft multi-family home built in 1924.

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 Golden Royalty Properties Inc., Walter Gonzalez, DRE #01838611

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.