2515 N Commonwealth Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 6 bed, 5 bath

2515 N Commonwealth Avenue, Los Angeles, California 90027 home-pic-0

2515 N Commonwealth Avenue

Los Angeles, California 90027

ACTIVE UNDER CONTRACT
CONDITION: POOR
6Beds
5Baths
3,092Sq Ft
9,756Lot Size

Property Price

LIST PRICE$3,299,000
EST. MARKET VALUE
$2,413,467
36% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$2,413,467
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2515 N Commonwealth Avenue
Subject
$3,299,000*
List Price
653,092$781-
A
5006 Los Feliz Boulevard
Active
$2,400,000
List Price
433,200$7500.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

This 1939 property is explicitly marketed as a 'fixer' requiring 'extensive renovation' and 'substantial upgrades' to age-related systems like plumbing, electrical, and HVAC. While it retains original character, the kitchen features dated light wood cabinets, older granite countertops, and dated floor tiles. No bathroom images are provided, but given the overall condition and age, they are highly likely to be in a similar outdated state. Flooring throughout the main house is either worn hardwood or old carpet. The property is functional but requires significant investment to modernize and rehabilitate, aligning with the 'poor' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Ivanhoe Elementary School (9/10).

  • Architectural Significance & Guesthouse

    Features a rare John Lautner-designed guesthouse from 1956, adding immense architectural prestige and value, alongside the main 1939 Mediterranean Revival home with intact original character.

  • Prime Los Feliz Location

    Highly desirable location within Los Feliz, offering an easy walk to Los Feliz Village amenities and direct access (one block) to Griffith Park trails, appealing to a lifestyle-focused buyer.

CONSRISKS & DEFICIENCIES

  • Extensive Renovation Required

    Explicitly marketed as a 'fixer,' indicating that significant investment and renovation work will be necessary to modernize the property and bring it to its full potential.

  • Age-Related Systems & Maintenance

    Built in 1939, the property likely has original or outdated systems (plumbing, electrical, HVAC) that may require substantial upgrades or replacement, adding to renovation costs.

  • Lack of Views

    The property description explicitly states 'View: None,' which could be a drawback for buyers in the Los Angeles luxury market where scenic views are often a highly sought-after amenity.

About 2515 N Commonwealth Avenue

Hidden treasure fixer in Los Feliz! 1939 Mediterranean Revival with guesthouse designed by John Lautner. Elegant, private, classic villa on hedged corner lot w/tremendous potential. Much original character intact like sun-lit library, cozy breakfast nook with built-ins, barreled living room ceiling, and dramatic curved entry staircase w/original ironwork. Guest house commissioned by John Lautner in 1956 w/living area, bedroom, 2 full baths, and soundproof professional music studio w/massive window-wall. Large front and back yards on Tuscan-like grounds. Rear, detached garage and parking area. Highly desirable location, w/easy walk to Los Feliz village. One block to Griffith Park trails! One of the last untouched gems in Los Feliz.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1939
Lot Size
9,756 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Franklin Avenue Elementary School

Grades K-6 • 0.7 mi

8/10

Los Feliz STEMM Magnet

Grades K-6 • 1.0 mi

7/10

Ivanhoe Elementary School

Grades K-5 • 1.2 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.04.0
94%
Baths5.04.0
80%
Square foot3,0922,536
72%
Lot Size9,7567,423
67%
Price$3.30M$2.47M
72%
Price per sq ft$1.1K$1.0K
62%
Built year19391935
61%
HOA$0$0
50%
Days on market211176
72%

Pricing History

Listed for Sale

Sep 25, 2025

$3,299,000

$3,599,000

-8% Price Drop

Initial Listing

Price Change

Aug 7, 2025

$3,599,000

Initial Listing

Sold

May 11, 2000

$750,000

Public Record

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