317 North Commonwealth Avenue

Los Angeles, CA 90004

$1,250,000
Price
5
Beds
4
Baths
1,722 Sq. Ft.
$726 / Sq. Ft.
1,722
Sq. Ft.
$726
per Sq. Ft.

Description

Discover a unique opportunity to own a beautifully renovated, income-producing property in the heart of Koreatown! Perfect for both owner-occupancy and rental income potential. Each unit boasts upgraded kitchens and baths, brand new appliances, sleek flooring, and stylish stucco finishes. With solar panels and a new HVAC system, this duplex is as energy-efficient as it is beautiful. The open floor plan floods with natural light, while lush greenery provides an oasis of calm. Outside, you'll find...Discover a unique opportunity to own a beautifully renovated, income-producing property in the heart of Koreatown! Perfect for both owner-occupancy and rental income potential. Each unit boasts upgraded kitchens and baths, brand new appliances, sleek flooring, and stylish stucco finishes. With solar panels and a new HVAC system, this duplex is as energy-efficient as it is beautiful. The open floor plan floods with natural light, while lush greenery provides an oasis of calm. Outside, you'll find a 6-car parking lot, making it ideal for tenants or large families, plus the exciting potential for an ADU to further increase rental income. The property is gated and tucked away on a cul-de-sac in a safe, school neighborhood. With a sprawling outdoor area perfect for pets or play, this property is ideal for a growing family. Delivered vacant, it's a perfect starter home with serious potential for passive income. Seize this chance to live in style while generating rental income! 3.25% assumable FHA loan for the qualified buyer.
  1. Listed by Robert Howell • DRE #01229400 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 317 North Commonwealth Avenue

Zoning
LAMR1
Parcel Number
5501003011
Total Units
2.0
Living Area
1722
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
7503
LISTING UPDATED: 11/22/2024 11:06 AM

Property Details for 317 North Commonwealth Avenue

StatusActive
MLS #24-449743
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.17 AC / 7,503 SF
CountyLos Angeles County

Building Information for 317 North Commonwealth Avenue

Stories-Residences-Year Built1915Building Size-Lot Size0.17 AC / 7,503 SF

Property Information for 317 North Commonwealth Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $68,400
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7503
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 6
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating Type: Other
  • Equipment: Dishwasher, Refrigerator
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $26,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $38,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $357,000.00
  • Assessed Improvement Percent: 30.43
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 69.57
  • Assessed Total Value: $1,173,000.00

Property History for 317 North Commonwealth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 317 North Commonwealth Avenue

Taxable ValueLand$832,320Additions$364,140Total$1,196,460
Tax Record2024$14,770 ($1,231 / month)
Home Facts
Total Finished SqFt1,722 SqFtAbove Grade Finished SqFt1,722 SqFtLot Size7,500 SqFtStyleDuplexYear Built1915ZoningLAMR1CountyLOS ANGELESAPN5501-003-011

Schools near 317 North Commonwealth Avenue

This home is within Los Angeles Unified School District.
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

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317 North Commonwealth Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on October 7, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,250,000. It has been on the market for a total of 57 days and was last sold on February 25, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Sammy Lee Medical And Health Science Magnet Elementary, Thomas Starr King Middle School and John Marshall Senior High School. 317 North Commonwealth Avenue is a 5-bed, 4-bath, 1,722 sqft multi-family home built in 1915.

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 Keller Williams Beverly Hills, Robert Howell, DRE #01229400

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.