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317 N Commonwealth Avenue

Los Angeles, CA 90004

– beds
– baths
– sqft
7,503 sqft lot
1915 build
– on site

$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.

Listed By CRMLS_CA / Will Tiao / The Collective Realty

Last checked: Checking… • Last updated Apr 25, 2024 •

MLS# 24356187 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1915
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Architectural Style:

Bungalow
Roof:

Composition, Shingle
Exterior Features:

Rain Gutters
Foundation:

Raised
Accessibility Features:

None
Faces:

East
Building Area Total:

1722.00
# of Buildings:

1
Total Number Of Units:

2
Stories Total:

1
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Features:

Recessed Lighting
Levels:

One
Entry Location:

Ground Level w/steps
Room Type:

Living Room, Primary Bathroom, Walk-In Closet
Fireplace:

No
Fireplace:

None
Laundry:

Washer Included, Dryer Included, Individual Room
Laundry:

1

Location

Directions:

From 101 freeway, W on Silver Lake Blvd, N on Virgil Ave, E on Commonwealth
Latitude:

34.07730800
Longitude:

-118.28593900

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Zoning:

LAMR1
Lot Features:

Front Yard, Landscaped, Lawn, Yard, Rectangular Lot
Lot Size Area:

7503.0000
Lot Size Acres:

0.1722
Lot Size SqFt:

7503.00
Lot Size Source:

Assessor
View:

1
View:

City Lights
Security Features:

Automatic Gate, Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

5501003011

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Sewer Paid
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Detached Carport
Parking Spaces:

6.00
Uncovered Spaces:

2.00
Carport Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/24 Apr 24, 2024	Price Changed	CRMLS_CA	$1,250,000	-7.4%
3/3/24 Mar 3, 2024	Price Changed	CRMLS_CA	$1,350,000	-3.2%
2/9/24 Feb 9, 2024	Listed / Active	CRMLS_CA	$1,395,000	21.3% (11.0% / YR)

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This multifamily located in Central La, Los Angeles, CA 90004 is currently for sale for $1,250,000. 317 N Commonwealth Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 98 days. 317 N Commonwealth Avenue is in the Central La neighborhood of Los Angeles and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Dr. Sammy Lee Medical And Health Science Magnet Elementary School, Thomas Starr King Middle School, and Marshall Senior High School.

Listing Courtesy of: CRMLS_CA and The Collective Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 10:48 on May 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.