317-319 North Commonwealth Avenue
Listed By Compass
Virtual Tour
Listed By Compass
Virtual Tour
Description
This duplex is turnkey, vacant and located Mid-Wilshire/Silverlake Adjacent. Gated property with two units, 5 bedrooms and four bathrooms, two laundry rooms, two aircon units, solar panels owned by the property outright and over 10 parking spots on the property. It's on a HUGE lot with 7500 square feet of exterior space and is zoned for commercial/residential-MR1 zoning. You can also build two more ADU's on this lot under current zoning laws.
This is the best investment opportunity...VACANT DUPLEX ON HUGE LOT
This duplex is turnkey, vacant and located Mid-Wilshire/Silverlake Adjacent. Gated property with two units, 5 bedrooms and four bathrooms, two laundry rooms, two aircon units, solar panels owned by the property outright and over 10 parking spots on the property. It's on a HUGE lot with 7500 square feet of exterior space and is zoned for commercial/residential-MR1 zoning. You can also build two more ADU's on this lot under current zoning laws.
This is the best investment opportunity in town, perfect for a primary residence with rental income. But wait, there's more...this property has an assumable FHA loan with an interest rate of 3.25%. It also qualifies for a $50k grant toward the down payment if you work with City National Bank and it qualifies for a $7500 grant toward closing costs through Chase Bank.
There are no other investment properties like this on the market. Did I mention it's vacant on a huge lot? Reach out for more information about rental income opportunities. This lot is like no other on the market. Don't wait on this one. It's going off the market very soon.
Property Details for 317-319 North Commonwealth Avenue
Property Details for 317-319 North Commonwealth Avenue
| Status | Active |
|---|---|
| MLS # | PV25024802 |
| Days on Market | 36 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1915 |
| Lot Size | 0.17 AC / 7,500 SF |
| County | Los Angeles County |
Virtual Tour
Building Information for 317-319 North Commonwealth Avenue
Property Information for 317-319 North Commonwealth Avenue
- Tenant Pays: Cable TV, Electricity, Gas, Telephone
- Gross Income: $0
- Gross Scheduled Income: $86,400
- Vacancy Allowance Rate: 3
- Gross Operating Income: $83,808
- Net Operating Income: $54,558
- Cap Rate: 4.36
- Current Financing: FHA
- 433a Certified: No
- Operating Expense: $51,966
- New Taxes Expense: $16,250
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $3,000
- Maintenance Expense: $7,000
- Other Expense: $2,592
- Other Expense Description: Reserves
- Trash Expense: $0
- Water Sewer Expense: $3,000
- Total Expenses: $31,842
- Tax Block: B
- Tax Tract Number: 395
- Tax Census Tract: 1927.00
- Tax Lot: 3
- Assessments YN: Yes
- Assessments: Special Assessments, Unknown
- Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
- Appliances: Dishwasher, Gas Range, Refrigerator
- Equipment: Dishwasher, Gas Dryer Hookup, Refrigerator, Room, Washer Hookup
- Interior Features: Granite Counters, Open Floorplan, Recessed Lighting
- Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
- Main Level Bathrooms: 4
- Main Level Bedrooms: 5
- Room Bathroom Features: Bathtub, Shower, Shower in Tub
- Bedroom Features: All Bedrooms Down, WalkInCloset
- Room Kitchen Features: Granite Counters, Kitchen Open to Family Room
- Eating Area: Area, Breakfast Counter / Bar, In Family Room
- Water Heater Features: Gas
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring: Laminate
- Virtual Tour URL Branded: https://youtu.be/AdyNNugakHw
- Virtual Tour URL Unbranded: https://www.youtube.com/watch?v=MLRkTeQkJiQ
- Window Features: Double Pane Windows
- Security Features: Automatic Gate, Gated Community
- Entry Location: Front Door
- Fence: Yes
- Fence: Wood, Wrought Iron
- Fencing: Block, Security, Wood, Wrought Iron
- Structure Type: Duplex
- Property Condition: Turnkey
- View Description: None
- Patio: Yes
- Patio And Porch Features: Concrete, Patio, Porch, Front Porch, Slab
- Pool Features: None
- Pool Description: None
- Spa Features: None
- Walk Score: 87
- Green Energy Generation: Solar
- Sign on Property: Yes
- Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Level, Paved, Yard
- Lease Considered: No
- Number Of Units: 2
- Available For Lease: No
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Carport, Driveway, Gated, Parking Space, Private, RV Access, RV Possible
- Uncovered Spaces: 6
- Open Other Spaces Total: 6
- Parking Garage Spaces: 0
- Carport Spaces: 4
- Parking Features: Carport, Covered, Driveway, Paved, Gated, Parking Space, Private, RV Access/Parking, RV Potential
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 3300
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 3900
- Unit Type Type: 2
- Number Of Units Leased: 0
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 2
- Number With Range: 2
- Number With Refrigerator: 2
Property History for 317-319 North Commonwealth Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 317-319 North Commonwealth Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Camino Nuevo Dalzell Lance Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Mid-Wilshire
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, Jessiqa Pace, DRE #02122433; Compass, Tadashi Kondo, DRE #01438455
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.