• Asking Price $1,250,000
  • Estimated Value: $1,392,953

  • 317 N COMMONWEALTH AVE LOS ANGELES, CA 90004

  • 5 Beds 4 Baths 1,722 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 317 N COMMONWEALTH AVE, LOS ANGELES, CA 90004

Features

  • Price/sqft: $725
  • Lot Size: 7500 sq. ft.
  • Total Units: 2
  • Total Rooms: 6
  • Room List: Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room, Master Bedroom
  • Heating: Central Furnace
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1915
  • Property ID: 855814033
  • MLS Number: 24-356187
  • Parcel Number: 5501-003-011
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Legal Description: TRACT # 395 LOT/SEC 3 BLK/DIV/TWN B
  • Zoning: LAMR1
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. $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.

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Property Brokerage: The Collective 8278 1/2 SANTA MONICA BLVD West Hollywood CA 90046
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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