317 N Commonwealth Avenue Los Angeles, CA 90004
UPDATED:
03/03/2025 04:56 AM
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,722 sqft
Price per Sqft $725
MLS Listing ID PV25025094
Style Townhome
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1915
Lot Size 7,500 Sqft
Acres 0.1722
Property Sub-Type Townhome
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 propertyits 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 youre 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 investmentits 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 Los Angeles (90004)
Zoning LAMR1
Interior
Interior Features Recessed Lighting
Cooling Central Forced Air
Flooring Laminate
Equipment Dishwasher, Solar Panels, Gas Range
Appliance Dishwasher, Solar Panels, Gas Range
Laundry Laundry Room
Exterior
Parking Features Gated
Fence Wrought Iron, Security, Wood
Total Parking Spaces 10
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Architectural Style Craftsman, Craftsman/Bungalow
Level or Stories 1 Story
Others
Miscellaneous Storm Drains
Acceptable Financing Cash, Conventional, Land Contract, Cash To New Loan, Submit
Listing Terms Cash, Conventional, Land Contract, Cash To New Loan, Submit
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=MLRkTeQkJiQ
