$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 - CompassLocated 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 |
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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 |
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Area | C17 - Mid-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90004 |
Amenities
Parking Spaces | 10 |
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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 |
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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 |
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School Information
District | Los Angeles Unified |
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Additional Information
Date Listed | January 23rd, 2025 |
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Days on Market | 3 |
Zoning | LAMR1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jessiqa Pace |
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Office | Compass |