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    447 N Commonwealth Ave Los Angeles, CA 90004

    Under Contract
    For Sale
    $900,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    1,798 SF
    Lot size:
    0.17 Acres
    Days on Market:
    211
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 447 N Commonwealth Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    LAR2
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    3
    Bathrooms
    2
    APN
    5539-035-019
    Size
    1,798 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1921
    Floors in Building
    1
    Number of units
    2

    sotheby's international realty (323) 665-1700 x2360 [email protected]

    Listing agent Atsuko Kimoto (323) 665-1700 License #01842262

    Listing date May 9, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Virgil Village, Los Angeles

    Located in the Virgil Village neighborhood on the edge of Silver Lake, this property offers an opportunity for development. The site is zoned LAR2. The property is being sold for land value. The lot size is approximately 0.1723 acres, which is equivalent to 1,798 square feet. There is the option to purchase a total of 2 lots together, totaling approximately 13,012 square feet, by including the adjoining parcel at 441 N. Commonwealth Ave (5,506 SQFT). There is also the option to purchase a total of 3 lots together, totaling approximately 20,518 square feet, by including the adjoining parcels at 441 N. Commonwealth Ave (5,506 SQFT) & 439 N. Commonwealth Ave (7,506 SQFT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.285952
    Latitude
    34.079122

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    FAQs

    What type of property is this?
    Land - Land for sale in rapidly evolving Virgil Village neighborhood.
    Where is this land located?
    The property is located at 447 N Commonwealth Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime location in the rapidly evolving Virgil Village neighborhood, bordering Silver Lake.; - Opportunity to purchase for land value.; - Potential to build.
    (323) 665-1700
    Request Owner's contact information
    447 N Commonwealth Ave Los Angeles, CA 90004
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    Los Angeles, CA 90004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    447 N Commonwealth Ave Los Angeles, CA 90004
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