1553 N Commonwealth, Los Angeles, California 90027, Los Angeles, 90027 - 2 bed, 2 bath
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Los Angeles, California 90027
This 1926 Spanish-style residence represents a High-Potential Investment Opportunity, listed at $1,495,000—positioned well above the $1,305,976 Fair Market Value by -14%. With a Condition Rating of 5, the property requires a comprehensive renovation to modernize its outdated systems and interiors. Its primary value lies in the prime Los Feliz location and proximity to top-rated schools like Ivanhoe Elementary. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1553 N Commonwealth Subject | $1,495,000* List Price | 2 | 2 | 1,518 | $860 | - |
A 1948 Monon St. Sold | $1,257,500 | 2 | 1 | 1,402 | $897 | 0.6 mi |
B 2067 Mayview Drive Sold | $1,050,000 | 2 | 2 | 1,188 | $884 | 0.5 mi |
C 2022 N Catalina Street Sold | $1,800,000 | 3 | 2 | 1,934 | $931 | 0.8 mi |
D 4618 Melbourne Active | $1,699,955 List Price | 3 | 1 | 1,762 | $965 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 (98 years old) with no mention of recent renovations or upgrades to major systems like HVAC, plumbing, or electrical. The marketing focuses heavily on land value and location ('unique opportunity') rather than interior features, suggesting the kitchen, baths, and systems are significantly outdated and require a full rehab.
Elementary School: Ivanhoe Elementary School (9/10).
The property boasts an exceptional walk score and proximity to iconic Los Angeles landmarks, including Griffith Observatory and the Greek Theatre, offering residents unparalleled access to premier dining, culture, and entertainment.
This 1926 Spanish-style home retains timeless character and features a rare long driveway with a detached two-car garage, providing significant off-street parking which is a premium commodity in this dense urban neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With only two bedrooms at a $1.495M price point, the property may face challenges attracting larger families or buyers seeking dedicated guest and office spaces.
The listing explicitly notes no views, which may be a disadvantage in the Los Feliz area where many competing properties at similar price points offer hillside or city-light vistas.
Charming Spanish-style home offering approximately 1,518 square feet with 2 bedrooms, 2 bathrooms, a long driveway providing ample off-street parking, and a detached 2-car garage. Filled with timeless character, the home features arched entryways, arched windows, a striking coved ceiling in the living room, abundant natural light, and a decorative fireplace that serves as a beautiful focal point. One bedroom includes an attached three-quarter bathroom with shower. The second bedroom features an adjoining bonus room with direct access to the spacious backyard, offering flexibility for a variety of uses. The kitchen includes a dishwasher and an inviting breakfast nook. A small accessible basement may provide additional storage space. Additional features include a newer electrical panel and a hallway bathroom with separate shower and bathtub showcasing vintage light blue and white tilework and classic hexagonal floor tile. The detached 2-car garage, generous driveway, and LARD1.5 zoning may offer future development possibilities. Buyers are advised to independently verify zoning, development potential, ADU possibilities, and permitted uses with the appropriate governmental agencies. Ideally situated in the heart of Los Angeles, the property is approximately 2 miles from Hollywood & Vine, the Hollywood Walk of Fame, and the Hollywood Pantages Theatre; approximately 4 miles from Griffith Observatory and the Greek Theatre; approximately 5 miles from The Grove, LACMA, and the La Brea Tar Pits; and approximately 6 miles from Universal Studios Hollywood. Enjoy convenient access to renowned dining, entertainment, arts, culture, shopping, nightlife, and major employment centers throughout Hollywood, Los Feliz, and Downtown Los Angeles. A rare opportunity to own a character-filled Los Angeles home in a highly central location with close proximity to many of Southern California's most iconic destinations. Buyer to investigate and satisfy themselves regarding all aspects of the property, including current use, occupancy status, zoning, permits, square footage, and development potential.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-2 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 14% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,518 | 2,588 | 14% |
| Lot Size | 6,494 | 7,500 | 32% |
| Price | $1.50M | $2.35M | 12% |
| Price per sq ft | $985 | $1.0K | 44% |
| Built year | 1926 | 1937 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 139 | 3% |
Jun 1, 2026
$1,495,000
Initial Listing