Los Angeles, CA 90004,317 -319 N Commonwealth AVE
Los Angeles, CA 90004,317 -319 N Commonwealth AVE
Los Angeles, CA 90004,317 -319 N Commonwealth AVE
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$1,250,000
Est. payment /mo
7,501 Sqft Lot

UPDATED:

02/21/2025 12:24 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25024802

HOA Y/N No

Year Built 1915

Lot Size 7,501 Sqft

Property Sub-Type Duplex

Property Description

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, to do a 1031 exchange 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAMR1

Interior

Interior Features Granite Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down, Main Level Primary, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Refrigerator

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Covered, Carport, Driveway, Gated, Paved, Private, RV Potential, RV Access/Parking, One Space

Carport Spaces 4

Fence Block, Security, Wood, Wrought Iron

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Front Yard, Lawn, Level, Paved, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5501003011

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit

Green/Energy Cert Solar

Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit

Special Listing Condition Standard

Virtual Tour https://youtu.be/AdyNNugakHw


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California Regional MLS (CRMLS)
Listed by Jessiqa Pace • Compass • 310-986-9888

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agent

High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

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317 -319 N Commonwealth AVE