Listed By:
Walter Gonzalez with Walter Gonzalez, Broker;
533 N Commonwealth Avenue, Los Angeles, CA
$ 1,265,000
Property Attributes
  • MLS#23245161
  • TypeMulti-Family
  • 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
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


  • 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

AVG $3.06M
AVG 54
Data Provided by Inside Real Estate®
Year Built
AVG 1944
AVG 88
Data Provided by Walkscore® not using MLS data