• 533 N Commonwealth Avenue Los Angeles, CA 90004

  • $1,265,000
  • 4
    Bed(s)
  • 0
    Baths
  • 3,299
    Sq Ft
  • 7503
    Sqft
  • Listed By: Walter Gonzalez, Golden Royalty Properties Inc., DRE #01838611
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 3

Full Baths: 0

Half Baths: 0

Water/Sewer

Water Source : Public

Sewer : Other,Sewer Tap Paid

Interior Features

Roof : Shingle,Tile

Property Appliances: Dishwasher,Dryer

Flooring: Carpet,Laminate

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1924

Building Area Total: 3,299

Roof: Shingle,Tile

Security Features

Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Patio And Porch

Front Porch

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1722

Lot Size Source: Other

Lot Size Square Feet: 7503

Listing Price Information

Original List Price: 1,265,000

Listing Contract Date: 2023-02-28

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5539029009

Garage and Parking

Garage Description: Door-Multi,Driveway,Garage,Gated

Attached Garage: Yes

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Active

Source Neighborhood: C21 - Silver Lake - Echo Park

Postal Code Plus 4: 2302

Directions: East from Virgil Ave/West of Hoover/South of Melrose Av/North Middlebury St or refer to your thomas guide.

Zoning: LAR2

Source Property Type: Residential Income

Area: C21 - Silver Lake - Echo Park

Building and Construction

Property Age: 100

Year Built Source: Vendor Enhanced

Total Square Feet Living: 3299

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
101 S Mariposa, Los Angeles, CA,90004 $2,100,000 4 2 1,890 4796 Sqft
161 S St Andrews Place, Los Angeles, CA,90004 $4,550,000 21 -- 15,606 8490 Sqft
641 N Hobart Boulevard, Los Angeles, CA,90004 $7,550,000 18 -- 16,035 7506 Sqft
4572 Rosewood Avenue, Los Angeles, CA,90004 $1,295,000 4 -- 2,114 4994 Sqft
543 N Heliotrope Drive, Los Angeles, CA,90004 $2,150,000 10 5 4,808 8000 Sqft
246 N Catalina Street #4, Los Angeles, CA,90004 $2,500 1 1 690 7779 Sqft
251 N Kenmore Avenue, Los Angeles, CA,90004 $2,295,000 12 -- 6,852 7632 Sqft
501 N Gower Street, Los Angeles, CA,90004 $1,995,000 3 3 1,803 5577 Sqft
4835 Elmwood Avenue #4835, Los Angeles, CA,90004 $4,100,000 17 -- 6,870 7248 Sqft
126 N Kingsley Drive, Los Angeles, CA,90004 $1,950,000 5 -- 2,202 6171 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/06/2024 @ 03:32

MLS: 23245161
LISTED BY: Walter Gonzalez, Golden Royalty Properties Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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