$1,395,000

317 Commonwealth Avenue, Los Angeles 90004

5

Beds

4

Baths

1,722

Square feet

7,503

Lot Size

2

# Of Units

Listing Agent
Will Tiao - The Collective Realty

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.

Facts & Features

MLS® # 24356187
Price $1,395,000
Bedrooms 5
Bathrooms 4.00
Square Footage 1,722
Lot Size 7,503
Year Built 1915
Type Residential Income
Style Bungalow
Status Active
# Of Units 2

Community Information

Address 317 Commonwealth Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Spaces 6
Parking Detached Carport
Garages Detached Carport
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Features Recessed Lighting, Walk-In Closet(s)
Appliances Dishwasher, Disposal, Refrigerator, Dryer, Washer
Heating Central
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces None
# of Stories 1
Stories One

Exterior

Exterior Stucco
Exterior Features Rain Gutters
Lot Description Front Yard, Lawn, Landscaped, Rectangular Lot, Yard
Roof Composition, Shingle
Construction Stucco
Foundation Raised

Additional Information

Date Listed February 8th, 2024
Days on Market 20
Zoning LAMR1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentWill Tiao
OfficeThe Collective Realty

Listing Map

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