317 N Commonwealth Ave, Los Angeles, CA 90004

$1,395,000
5
BD
4
BA
1,722
SqFt
List Price
$1,395,000
MLS#
24-356187
Year Built
1915
Bedrooms
5
Bathrooms
4
Living Sq. Ft
1,722
Lot Size
7,503
Lot Location
City
Days on Market
20
Property Type
Multifamily
Style
Bungalow
Stories
1

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.

Additional Information

Association Amenities
None
Lot Description
Front Yard, Fenced, Gutters, Automatic Gate, Landscaped, Lawn, Yard, Sidewalks, Lot-Level/Flat, Lot Shape-Rectangular
Other Buildings
None
Bedroom Features
WalkInCloset
Kitchen Features
Stone Counters, Remodeled
Pool Description
None
Heat
Central
Cooling
Air Conditioning, Central
View
City
Exterior Construction
Stucco
Number of Cars in Garage
Carport Detached
Water
District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of The Collective Realty, Will Tiao - CA DRE#01918965

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