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533 N Commonwealth Avenue

Los Angeles (City), CA 90004
  • $1,265,000
  • STATUS: Active
  • ON SITE: 360 Days
  • ID#: 23245161
UPDATED: 51 min ago
$1,265,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,299
    SQFT
  • $383
    $/SQFT
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Walter Gonzalez of Golden Royalty Properties Inc. (213-514-4234)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/137312480
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533 N Commonwealth Avenue Los Angeles (City), CA 90004

  • Price: $1,265,000
  • Status: Active
  • On Site: 360 Days
  • Updated: 51 min ago
  • ID#: 23245161
4
Beds
0
Baths
0
½ Baths
0.17
Acres
3,299
SQFT
$383
$/SQFT
1924
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
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.
Exterior Features

Architectural Style Contemporary Attached Garage YN Yes Parking Features Door-MultiDrivewayGarageGated Parking Total 4 Patio And Porch Features Front Porch Roof ShingleTile

Interior Features

Appliances DishwasherDryer Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing CashConventionalFHA Community Features Gated Gross Income 6338 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 10000 New Construction YN No Security Features Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s) Senior Community YN No Sewer OtherSewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Walter Gonzalez of Golden Royalty Properties Inc. (213-514-4234)