$1,250,000

317 -319 Commonwealth Avenue, Los Angeles 90004

5

Beds

4

Baths

1,722

Square feet

7,500

Lot Size

Listing Agent
Jessiqa Pace - Compass

Located in a convenient Los Angeles location this duplex, comprised of a 3 bed, 2 bath unit and a 2 bed, 2 bath unit, sits on a huge lot with plenty of opportunity for investors looking for rental income or to build their business. This is more than just a property—it’s a canvas for an investor with vision. The MR1 zoning allows for a range of uses, from commercial ventures like banks, clinics, and offices, to dynamic spaces such as a recreation facility, or a restaurant. If you choose to maintain the property as residential, the lot also offers the possibility to build 2 additional ADUs, further enhancing income potential. Each unit has 2 bathrooms, updated kitchens, updated bathrooms, each unit has its own laundry room and more than enough off-street gated parking. Whether you’re an investor looking to reimagine the space or someone seeking a unique live/work solution, the potential here is limitless. Between Silver Lake, Echo Park, and Koreatown, all with amazing restaurants and shops, and easy access to major freeways, this location offers the perfect mix of convenience, visibility, and growth potential. This is not a typical investment—it’s an opportunity for those who think beyond the ordinary, who see the potential to build something impactful and profitable. Schedule a showing today and begin envisioning the possibilities.

Facts & Features

MLS® # PV25025094
Price $1,250,000
Bedrooms 5
Bathrooms 4.00
Full Baths 2
Square Footage 1,722
Lot Size 7,500
Year Built 1915
Type Residential
Sub-Type Duplex
Style Craftsman
Status Active
# Of Units 2

Community Information

Address 317 -319 Commonwealth Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Spaces 10
Parking Covered, Carport, Driveway, Gated, Paved, Private, RV Potential, RV Access/Parking, One Space
Garages Covered, Carport, Driveway, Gated, Paved, Private, RV Potential, RV Access/Parking, One Space
View None
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Laminate
Interior Features Breakfast Bar, Open Floorplan, Recessed Lighting, All Bedrooms Down, Main Level Primary, Walk-In Closet(s)
Appliances Dishwasher, Gas Range
Heating Central
Cooling Central Air
Has Basement No
Fireplace No
Fireplaces None
# of Stories 1
Stories One

Exterior

Lot Description ZeroToOneUnitAcre, Front Yard, Lawn, Level, Paved, Yard

School Information

District Los Angeles Unified

Additional Information

Date Listed January 23rd, 2025
Days on Market 3
Zoning LAMR1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJessiqa Pace
OfficeCompass

Listing Map

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