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317 N Commonwealth Avenue

Los Angeles (City), CA 90004
  • $1,395,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 24356187
UPDATED: 60 min ago
$1,395,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,722
    SQFT
  • $810
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

Listing Agent(s): Will Tiao of The Collective Realty (310-569-1335) and Ken Dennis of The Collective Realty(310-569-1335)


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T00:27:34.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147475386
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317 N Commonwealth Avenue Los Angeles (City), CA 90004

  • Price: $1,395,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 60 min ago
  • ID#: 24356187
5
Beds
0
Baths
0
½ Baths
0.17
Acres
1,722
SQFT
$810
$/SQFT
1915
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
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.
Exterior Features

Architectural Style Bungalow Attached Garage YN No Carport Spaces 4 Carport YN Yes Construction Materials Stucco Direction Faces East Entry Location Ground Level w/steps Exterior Features Rain Gutters Foundation Details Raised Lot Features Front YardLawnLandscapedRectangular LotYard Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Features Detached Carport Parking Total 6 Patio And Porch Features Front Porch Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features None Appliances DishwasherDisposalRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Interior Features Recessed LightingWalk-In Closet(s)

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.4 Community Features Gated Gross Income 88800 Laundry Features Laundry Room Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 75866 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 0 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Security Features Security GateGated Community Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 100 Water Source Public Zoning LAMR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T00:27:34.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Will Tiao of The Collective Realty (310-569-1335) and Ken Dennis of The Collective Realty(310-569-1335)