Address
533 N Commonwealth Avenue, Los Angeles, CA
Price
$ 1,265,000
Property Attributes
- MLS#23245161
- TypeMulti-Family
- CountyLOS ANGELES
- CityLos Angeles
- AreaSilver Lake - Echo Park
- Zip90004
- StyleContemporary
- Price$ 1,265,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3299
- Lot Size7,501 SqFt
Data Source:
California Regional MLS (CRMLS)
Property 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 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.
| Price History | |
|---|---|
| 2/28/2023 | Listed $1,300,000 |
| 9/29/2023 | 3% - $1,265,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Appliances | Dishwasher, Dryer |
| Architectural Style | Contemporary |
| Association Y/N | No |
| Attached Garage | Yes |
| Buyer Financing | Cash, Conventional, FHA |
| Carport Y/N | No |
| City | Los Angeles |
| Community Features | Gated |
| County | Los Angeles |
| Days on Market | 221 |
| Directions | East from Virgil Ave/West of Hoover/South of Melrose Av/North Middlebury St or refer to your thomas guide. |
| Garage Y/N | No |
| Gross Income | 6338.0 |
| Heating | WallFurnace |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Levels | Two |
| Lot Size Square Feet | 7503.0 |
| MLS Area | C21 - Silver Lake - Echo Park |
| Mobilehomeremainsyn | No |
| Net Operating Income | 10000.0 |
| New Construction | No |
| Patio/Porch Features | FrontPorch |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Type | ResidentialIncome |
| Rent Control Y/N | No |
| Roof | Shingle, Tile |
| Security Features | CarbonMonoxideDetectors, GatedCommunity, SmokeDetectors |
| Senior Community Y/N | No |
| Sewer | Other, SewerTapPaid |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | Commonwealth |
| Tenant Pays | CableTV, Electricity, Gas |
| Total Units | 3 |
| View Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=tNDPMHFUZYx |
| Waterfront Y/N | No |
| Year Built | 1924 |
| Zoning | LAR2 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Flooring | Carpet, Laminate |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Total Baths | 3 |
| Total Bedrooms | 4 |
Exterior Features
| Living Area | 3299.0 |
|---|---|
| Building Area Total | 3299.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.1722 |
| Lot Size Area | 7503.0 |
| Lot Size Units | SquareFeet |
| Number of Buildings | 2 |
| Open Parking Y/N | No |
| Parking Features | DoorMulti, Driveway, Garage, Gated |
| Spa | No |
| Total Parking | 4.0 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90004
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of December 7, 2023 11:38 AM UTC 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.
