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317 N Commonwealth Ave, Los Angeles, CA 90004
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317 N Commonwealth Ave Los Angeles, CA 90004

$1,250,000
  • 7 Beds
  • 6 Baths
  • 1,722 Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified
Map preview of 317 N Commonwealth Ave, Los Angeles, CA 90004

Property Overview: 317 N Commonwealth Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 1,722 living square feet and 7,503 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: $100K PRICE IMPROVEMENT! SELLER HIGHLY MOTIVATED! 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.

Listed by Will Tiao | BRE #01918965 | The Collective Realty
Co-listed by Ken Dennis | BRE #02097826 | The Collective Realty
Last checked: 10 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 85
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Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24356187
City
Los Angeles
County
Los Angeles
Time on Site
83 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 15.2
  • Gross Scheduled Income: --
  • Net Operating Income: $75,866
  • Gross Operating Income: $88,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 317 N Commonwealth Ave

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Property Details for 317 N Commonwealth Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Living Room, Primary Bathroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Recessed Lighting
  • Levels: One
  • Security Features: Automatic Gate, Gated Community
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn, Yard, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 2
  • Parcel Number: 5501003011
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Foundation Details: Raised
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From 101 freeway, W on Silver Lake Blvd, N on Virgil Ave, E on Commonwealth
View more facts & features

Local Los Angeles Agent

Sale History for 317 N Commonwealth Ave

Last sold for $1,150,000 on February 25th, 2022

  • February, 2024

  • Feb 8, 2024

    Date

    Active

    CRMLS: 24356187

    $1,395,000

    Price

  • February, 2022

  • Feb 25, 2022

    Date

    Sold

    CRMLS: 21105217

    $1,150,000

    Price

  • Nov 15, 2021

    Date

    Active

    CRMLS: 21105217

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    All units delivered Vacant. Property has upgraded kitchens, baths, flooring, windows, stucco, carport, and HVAC. Each unit comes with a laundry area. Additionally, a 3bd/2ba unit comes with solar panels. The solar panels are owned by the owner.

  • June, 2021

  • Jun 27, 2021

    Date

    Active

    CRMLS: 21751030

    $1,099,000

    Price

  • Jun 19, 2021

    Date

    Coming Soon

    CRMLS: 21751030

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    Prime opportunity with this upgraded side-by-side duplex in the heart of LA. Ideal unit mix with a 3bd/2ba and 2bd/2ba unit. Both units feature an open floor plan and were extensively upgraded by the current owners. Updated kitchens and baths, newer flooring, newer windows, newer stucco, newer carport, newer HVAC. Each comes with its own laundry/utility room and Owner's unit comes with solar panels. Close access to DTLA, Hollywood, Silver Lake/Echo Park, Miracle Mile, etc. This is an ideal location and an ideal property for either an owner-user or investor looking for a low maintenance, good rent property. Don't miss this opportunity.

  • June, 2021

  • Jun 1, 2021

    Date

    Expired

    CRMLS: DW21013869

    $1,250,000

    Price

  • Jun 1, 2021

    Date

    Active

    CRMLS: DW21013869

    $1,250,000

    Price

  • May 26, 2021

    Date

    Hold

    CRMLS: DW21013869

    $1,250,000

    Price

  • Mar 10, 2021

    Date

    Price Change

    CRMLS: DW21013869

    $1,250,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: DW21013869

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this immaculate and highly upgraded duplex in the Silver Lake area. This duplex offers a 3 bedroom 2 bath unit & a 2 bedroom 2bath unit both that have been upgraded from top to bottom. These units offer a great spacious and open floor plan, updated paint interior/Exterior, new stucco, updated insulation, remodeled bathrooms, remodeled kitchens, new flooring, updated roof, new central HVAC units, Motored front gate, & each unit has its own laundry space. Great to live in one and rent the other or as an investment unit ready to be leased at market rents. The property sits on a 7,501 SQFT LOT with plenty of parking space for tenants and personal use. With close proximity to Silver Lake & Echo Park's hip shopping, famous eatery, Beverly Hills, Downtown LA, makes this an Angelino's Dream! Call us today, This rare property will go fast! ** Seller Paid Solar Panel will stay with the property

  • December, 2020

  • Dec 1, 2020

    Date

    Expired

    CRMLS: DW20053811

    $1,200,000

    Price

  • Oct 25, 2020

    Date

    Withdrawn

    CRMLS: DW20053811

    $1,200,000

    Price

  • Sep 30, 2020

    Date

    Hold

    CRMLS: DW20053811

    $1,200,000

    Price

  • Mar 25, 2020

    Date

    Active

    CRMLS: DW20053811

    $1,200,000

    Price

  • Mar 25, 2020

    Date

    Hold

    CRMLS: DW20053811

    $1,200,000

    Price

  • Mar 25, 2020

    Date

    Active

    CRMLS: DW20053811

    $1,200,000

    Price

  • Mar 17, 2020

    Date

    Hold

    CRMLS: DW20053811

    $1,200,000

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: DW20053811

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    (MOTIVATED SELLER!)Welcome to this immaculate and highly upgraded duplex in the Silver Lake area. This duplex offers a 3 bedroom 2 bath unit & a 2 bedroom 2bath unit both that have been upgraded from top to bottom. These units offer a great spacious and open floor plan, updated paint interior/Exterior, new stucco, updated insulation, remodeled bathrooms, remodeled kitchens, new flooring, updated roof, new central HVAC units, Motored front gate, & each unit has its own laundry space. Great to live in one and rent the other or as an investment unit ready to be leased at market rents. The property sits on a 7,501 SQFT LOT with plenty of parking space for tenants and personal use. With close proximity to Silver Lake & Echo Park's hip shopping, famous eatery, Beverly Hills, Downtown LA, makes this an Angelino's Dream! Call us today, This rare property will go fast! ** Seller Paid Solar Panel will stay with the property

  • June, 2019

  • Jun 20, 2019

    Date

    Canceled

    CRMLS: 19433954

    $1,500,000

    Price

  • Jun 20, 2019

    Date

    Active Under Contract

    CRMLS: 19433954

    $1,500,000

    Price

  • May 31, 2019

    Date

    Withdrawn

    CRMLS: 19433954

    $1,500,000

    Price

  • May 31, 2019

    Date

    Active

    CRMLS: 19433954

    $1,500,000

    Price

  • May 7, 2019

    Date

    Withdrawn

    CRMLS: 19433954

    $1,500,000

    Price

  • Apr 24, 2019

    Date

    Pending

    CRMLS: 19433954

    $1,500,000

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: 19433954

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    This Duplex is in upgraded condition and will be delivered vacant. This property has a big back yard, which will be good for construction related business, storage, affordable residential or re-developing. It features LAMR1 Zoning, high visibility, densely populated location and the heart of Los Angeles with great potential. Conveniently located in close proximity to LA Downtown, Hollywood, Korea-Town, Larchmont Village & Silver Lake with easy access to Fwy 101, 2, 5 & 110. This property to be sold with the three adjacent properties of 3539 W Temple St, 309, 311 N Commonwealth Ave are for sale. Please check the other properties out on the MLS.

  • April, 2018

  • Apr 26, 2018

    Date

    Canceled

    CRMLS: 18323918

    $1,120,000

    Price

  • Mar 16, 2018

    Date

    Active

    CRMLS: 18323918

    $1,120,000

    Price

  • Listing provided courtesy of CRMLS

    Fully renovated all units and located near Korea Town , Silver lake and DTLA . Unit 1 features 3 bedrooms and 2 bathrooms with wood flooring throughout spacious living room and modern kitchen. Unit 2 has 2 bed and 2 bathrooms and a den. All remodeled kitchens and laundry rooms, PAID SOLAR SYSTEM for owner unit , copper plumbing , Central A/C and Ample parking lot. One Unit is paying $2,200 now. Owner occupied unit (3 bed 2 bath) will be vacant at C.O.E. YOU MUST SEE !

  • September, 2011

  • Sep 23, 2011

    Date

    Sold (Public Records)

    Public Records

    $220,000

    Price

  • September, 2011

  • Sep 23, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 317 N Commonwealth Ave

Assessed Value (2020): $279,307
Year Land Value Improved Value Assessed Value
2020 $172,271 $107,036 $279,307

Home Value Compared to the Market

This property vs the competition

317 N Commonwealth Ave is listed 2.04% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $725.9 per/sqft which puts the price per square foot 6.21% lower than the median price per square foot for the city of Los Angeles.

About 317 N Commonwealth Ave

Detailed summary of property

317 N Commonwealth Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 1,722 living square feet, and sits on an approximately 7,503 square foot lot. 317 N Commonwealth Ave was first listed on ArdentRealEstateGroup.com on February 10, 2024. The homeowner is currently asking $1,250,000 and was originally asking $1,395,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.04% higher than the median priced home. Local competing homes currently for sale include 2352 W 3rd St, 725 N Normandie Ave and 4500 Gilbert Pl. While the average home in Los Angeles, CA is selling in 96 days, 317 N Commonwealth Ave has a days on market of 85 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 317 N Commonwealth Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 317 N Commonwealth Ave

Public county record property details
Beds
5
Baths
4
Year built
1915
Sq. Ft.
1,722
Lot Size
7,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5501-003-011

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Homes for Sale Near 317 N Commonwealth Ave

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Recently Sold Homes Near 317 N Commonwealth Ave

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511 N Hoover St, Los Angeles, CA 90004
$1,817,500 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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