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Listed by Jessiqa Pace • Compass
$ 1,250,000
Est. payment /mo
Active
317 N Commonwealth Avenue Los Angeles, CA 90004
5 Beds
4 Baths
1,722 SqFt
UPDATED:
02/21/2025 08:24 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 1,722 sqft
Price per Sqft $725
MLS Listing ID CRPV25025094
Bedrooms 5
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1915
Lot Size 7,500 Sqft
Property Sub-Type Duet
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 property—it’s 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 you’re 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 investment—it’s an opportunity for those who think beyond the ordinary, who see the potential to build something impact
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range
Laundry Gas Dryer Hookup, Laundry Room, Other
Exterior
Pool None
View None
Private Pool false
Building
Lot Description Level, Other, Street Light(s), Storm Drain
Story 1
Water Public
Architectural Style Craftsman
Schools
School District Los Angeles Unified
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