317 N Commonwealth Avenue Los Angeles, CA $ 1,250,000
317 N Commonwealth Avenue
$ 1,250,000
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317 N Commonwealth Avenue

Los Angeles, CA, 90004
$ 1,250,000
Bedrooms5 Baths4.0 Sq 1,722

Monthly Estimate*

$ 8,732

Listed by The Collective Realty
317 N Commonwealth Avenue, Los Angeles, CA 90004 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $1,250,000 with 5 bedrooms and 4 full baths. This 1,722 square foot home was built in 1915 on a lot size of 0.1722.

$100K PRICE IMPROVEMENT! SELLER HIGHLY MOTIVATED! This duplex in the highly sought after Virgil Village area is a great opportunity for an owner/user or investor who is looking for a great return and huge potential. Both units are renovated and will be delivered vacant. One unit is a 3 bed/2 bath and the other unit is a 2 bed/2 bath. Recently remodeled, both units have central air and heating, engineered hardwood floors, and individual laundry machines and dryers. Owner-owned solar panels for energy efficient use. Perfect for owner/user to live in one unit and rent out the other. Plenty of parking with a detached carport for 6+ cars and additional room outside for more. Large lot with opportunity to expand. There is room for two additional detached ADUs per code. Also, the property is commercially zoned for even greater use. Buyer to verify any potential expansion plans. There is the possibility of an assumable FHA loan at 3.25%. Contact listing agent for details. Close to all the shops and restaurants at the Sunset Junction, Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway and B Line. This duplex property with expansion possibilities presents the perfect investment opportunity for the right buyer.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow

Lot Size

0.1722

Year Built

1915

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24356187

Days on Market

78

Features
General
Interior Features RecessedLighting WalkInClosets
Sewer SewerTapPaid
Heating Central
Cooling CentralAir
Possession CloseOfEscrow
Roof Composition Shingle
Appliances Dishwasher Disposal Refrigerator Dryer Washer
Exterior Features RainGutters
Zoning LAMR1
Patio/Porch Features FrontPorch
Architectural Style Bungalow
Pool Features None
Security Features SecurityGate GatedCommunity
Construction Materials Stucco
Year Built 1915
Tenant Pays Electricity Gas
View CityLights
Stories 1
Levels One
Gross Income 88800.0
Community Features Gated
Accessibility None
County Los Angeles
Net Operating Income 75866.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction East
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From 101 freeway W on Silver Lake Blvd N on Virgil Ave E on Commonwealth
City Los Angeles
Entry Location Ground Level w/steps
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 2.0
Total Units 2
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 7503.0
Private Pool N
Waterfront Y/N N
Carport Spaces 4.0
Carport Y/N Y
Number of Units Leased 0
Street Name Commonwealth
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 77
Standard Status Active
Year Built Source Assessor
Cap Rate 5.6
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Exterior
Parking Features DetachedCarport
Lot Features FrontYard Lawn Landscaped RectangularLot Yard
Water Source Public
Total Parking 6.0
Lot Size Area 7503.0
Foundation Details Raised
Number of Buildings 1
Spa N
Building Area Total 1722.0
Lot Size Acres 0.1722
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features LaundryRoom
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 4
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Internal Only
Street Number 1 317
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* Excluded Features
List By
The Collective Realty

Broker

(323) 363-1096

Phone

Affordability Calculator

$8,732
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,732
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$1,250,000 -7.41% Price Down
3/3/2024$1,350,000 -3.23% Price Down
2/10/2024$1,395,000 Listed Price

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317 N Commonwealth Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $1,250,000 with 1,722 sqft and a lot size of 0.1722. 317 N Commonwealth Avenue has 5 bedrooms, 4.0 baths, and was built in 1915. The property's zip code is 90004 which is in Los Angeles, CA