317 N Commonwealth Ave

  • $1,395,000
For Sale Los Angeles, Virgil Village
317 N Commonwealth Ave, Los Angeles CA 9004
317 N Commonwealth Ave bedroom digitally staged 317 N Commonwealth Ave Kitchen 317 N Commonwealth Ave bedroom digitally staged 317 N Commonwealth Ave Living Room 317 N Commonwealth Ave Aerial 317 N Commonwealth Ave Bedroom 317 N Commonwealth Ave Aerial 317 N Commonwealth Ave Aerial 317 N Commonwealth Ave parking 317 N Commonwealth Ave parking 317 N Commonwealth Ave parking
  • Multifamily
  • Property Type
  • 2
  • Number of Units
  • 5.4
  • Cap Rate
  • 15.71
  • GRM
For Sale
317 N Commonwealth Ave, Los Angeles CA 9004
  • $1,395,000

Overview

  • Multifamily
  • Property Type
  • 2
  • Number of Units
  • 5.4
  • Cap Rate
  • 15.71
  • GRM

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 4+ 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. 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.

Details

  • Property Type: Multifamily
  • Property Status: For Sale
  • Property Size: 1,722 Sq Ft
  • Lot Size: 7,503 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 4
  • Year Built: 1915
  • Price: $1,395,000
  • Number of Units: 2
  • GRM: 15.71
  • Price/SqFt: $810.10
  • CAP: 5.4

Video

  • Address 317 N Commonwealth Ave
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90004
  • Area Virgil Village

Walkscore

Compare listings

Compare
Will Tiao
  • Will Tiao

Neighborhoods We Serve