1 year on rocket

533 N Commonwealth Ave, Los Angeles, CA, 90004

$1,265,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Baths
3,299 SqFt
$383/SqFt
House
Schools Nearby

Location

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533 N Commonwealth Ave, Los Angeles$1,265,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Driveway, Garage, Gated
Attached GarageYes
Year Built1924
HeatingWall Furnace
MLS #23245161
Lot Size0.17 Acres
StatusActive

About 533 N Commonwealth Ave

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 Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1924
  • Stories: 0
  • Living Area: 3,299 SqFt

Listing Office:

  • Office Name: Golden Royalty Properties Inc.
  • Office Phone: (213) 514-4234
  • Listing Agent: Walter Gonzalez

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer
  • Flooring Type: Carpet, Laminate

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Door-Multi, Driveway, Garage, Gated

Virtual/3D Tour

  • 3D Tour: 533 N Commonwealth Ave

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • John Marshall Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Thomas Starr King Middle School Film and Media Mag, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Dayton Heights Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,265,000
  • Price Per SqFt: $383/SqFt

Tax Information:

  • Annual Amount: $10,099
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

533 N Commonwealth Ave vs Los Angeles

425 DAYS ON ROCKET

+391 Days

$1,265,000

+$289K More

$383/SqFt

-$245 Less

KEY TAKEAWAY

This property is $289K more than the Median Sold Price and $245/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23245161

Listing Office:

  • Office Name: Golden Royalty Properties Inc.
  • Office Phone: (213) 514-4234
  • Listing Agent: Walter Gonzalez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 02, 2005Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,099$820,623
2020$9,800$812,209
2019$9,653$796,284
2018$9,444$780,671
2017$9,444$765,365

History based on county public records data.

Payment Calculator

$6,381

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,859

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2966515
8
/10

  • Dayton Heights Elementary School

  • 607 N Westmoreland Ave

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-2966516
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.42 miles

  • Public Magnet Grades KG-6

school-card-donut-2966517
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 21.83 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2966518
6
/10

  • Thomas Starr King Middle School Film and Media Mag

  • 4201 Fountain Ave

  • 1.18 miles

  • Public Magnet Grades 6-8

school-card-donut-2966519
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.28 miles

  • Public District Grades 6-8

High School

school-card-donut-2966520
7
/10

  • John Marshall Senior High School

  • 3939 Tracy St

  • 1.96 miles

  • Public Magnet Grades 9-12

school-card-donut-2966521
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.17 miles

  • Public Magnet Grades 9-12

school-card-donut-2966522
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.53 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,259. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 533 N Commonwealth Ave

What is the listing price of this property?

The listing price of 533 N Commonwealth Ave property is $1,265,000.

What type of property is this?

The property 533 N Commonwealth Ave is a house located in Los Angeles, California, 90004.

Is this property for sale now?

Active Listing: 533 N Commonwealth Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 533 N Commonwealth Ave are:
Dayton Heights Elementary School: GreatSchools Rating 8/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Thomas Starr King Middle School Film and Media Mag: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
John Marshall Senior High School: GreatSchools Rating 7/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,099 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 2, 2005 for $650,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 533 N Commonwealth Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 533 N Commonwealth Ave is 3,299 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 533 N Commonwealth Ave is 1924.

Rocket Homes›California›Los Angeles County›Los Angeles›90004›533 N Commonwealth Ave

This home is located at 533 N Commonwealth Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 3,299 square foot home, which was built in 1924, sits on a 0.17 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 28, 2023 and is currently priced at $1,265,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024 median list price was $975,970 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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