1553 N Commonwealth
Los Angeles, CA, 90027
$1,495,000
MLS: AR26118738
Beds
2
Baths
2
Sq Ft
1,518
Lot
0.15 ac
Year Built
1926
MLS #
AR26118738
Days on Market
15
Listed
Jun 1, 2026
Description
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.
Location
Los Angeles, Los Angeles County, CA 90027
Open on Google Maps ↗Listed by: Rachel Bratakos · Coldwell Banker Realty
Payment estimate
$10,940
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $149,500 · Loan: $1,345,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,522
- Property tax (1.25%)
- $1,557
- Homeowners insurance
- $300
- Mortgage insurance
- $561
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $52,325 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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