317 North Commonwealth Avenue Los Angeles, CA $ 1,350,000
317 North Commonwealth Avenue
$ 1,350,000
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317 North Commonwealth Avenue

Los Angeles, CA, 90004
$ 1,350,000
Baths0.0 Sq 1,722

Monthly Estimate*

$ 9,430

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,350,000. This 1,722 square foot home was built in 1915 on a lot size of 0.17.

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

$ 1,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow

Lot Size

0.17

Year Built

1915

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024356187

Features
General
Interior Features Recessed Lighting
Sewer Sewer Paid
Heating Central
Cooling Central Air
Possession Close of Escrow
Roof Shingle Composition
Exterior Features Rain Gutters
Zoning LAMR1
Architectural Style Bungalow
Security Features Automatic Gate Gated Community
Construction Materials Stucco
Year Built 1915
Tenant Pays Electricity Gas
View City Lights
Levels One
County Los Angeles
Net Operating Income 75866.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction East
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
Entry Location Ground Level w/steps
View Y/N Yes
Senior Community Y/N No
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 7503.0
Number of Units Leased 0
Street Name Commonwealth
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Structure Type None
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
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Interior
Kitchen Appliances Disposal None Dishwasher Refrigerator
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Laundry Features None Washer Included Dryer Included Individual Room
Total Baths 0
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Exterior
Parking Features Detached Carport
Lot Features Front Yard Lawn Landscaped Yard Rectangular Lot
Water Source Public
Lot Size Area 7503.0
Foundation Details Raised
Spa No
Pool Y/N? No
Building Area Total 1722.0
Lot Size Acres 0.17
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Will Tiao

Listing Agent

The Collective Realty

Broker

Affordability Calculator

$9,430
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,430
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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2024$1,350,000 -3.23% Price Down
2/13/2024$1,395,000 Listed Price

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317 North Commonwealth Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $1,350,000 with 1,722 sqft and a lot size of 0.17. 317 North Commonwealth Avenue is a studio with 0.0 baths and was built in 1915. The property's zip code is 90004 which is in Los Angeles, CA