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317 Commonwealth Avenue, Los Angeles, CA 90004
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317 Commonwealth Avenue
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  • MLS#: PV25024802 ( Duplex )
  • Street Address: 317 Commonwealth Avenue
  • Viewed: 1
  • Price: $1,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1915
  • Bldg sqft: 0
  • Days On Market: 167
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90004
  • Provided by: Compass
  • Contact: Jessiqa Jessiqa
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    VACANT DUPLEX ON HUGE LOT SELLER MOTIVATED This duplex is turnkey, vacant and located Mid Wilshire/Silverlake Adjacent. Gated property with two units, 5 bedrooms and four bathrooms, two laundry rooms, two aircon units, solar panels owned by the property outright and over 10 parking spots on the property. It's on a HUGE lot with 7500 square feet of exterior space and is zoned for commercial/residential MR1 zoning. You can also build two more ADU's on this lot under current zoning laws. This is the best investment opportunity in town, perfect for a primary residence with rental income. But wait, there's more...this property has an assumable FHA loan with an interest rate of 3.25%. It also qualifies for a $20k grant toward the down payment if you work with City National Bank and it qualifies for a $5000 grant toward closing costs through Chase Bank. There are no other investment properties like this on the market. Did I mention it's vacant on a huge lot? Reach out for more information about rental income opportunities. This lot is like no other on the market. Don't wait on this one. It's going off the market very soon.
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Features
Appliances
  1. Dishwasher
  2. Gas Range
  3. Refrigerator
Architectural Style
  1. Craftsman
Assessments
  1. Special Assessments
  2. Unknown
Building Area Total
  1. 1722.00
Carport Spaces
  1. 4.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 151
Electric Expense
  1. 0.00
Entry Location
  1. Front Door
Fencing
  1. Block
  2. Security
  3. Wood
  4. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Laminate
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Green Energy Generation
  1. Solar
Heating
  1. Central
Insurance Expense
  1. 3000.00
Interior Features
  1. Granite Counters
  2. Open Floorplan
  3. Recessed Lighting
Laundry Features
  1. Gas Dryer Hookup
  2. Individual Room
  3. Washer Hookup
Levels
  1. One
Lockboxtype
  1. Supra
Lot Features
  1. 0-1 Unit/Acre
  2. Front Yard
  3. Lawn
  4. Level
  5. Paved
  6. Yard
Netoperatingincome
  1. 54558.00
Newtaxesexpense
  1. 16250.00
Otherexpense
  1. 2592.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 5501003011
Parking Features
  1. Carport
  2. Covered
  3. Driveway
  4. Paved
  5. Gated
  6. Parking Space
  7. Private
  8. RV Access/Parking
  9. RV Potential
Pool Features
  1. None
Postalcodeplus4
  1. 3607
Property Type
  1. Duplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 431519216:CRM
Spa Features
  1. None
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
  4. Telephone
Totalactualrent
  1. 86400.00
Totalexpenses
  1. 31842.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 6.00
View
  1. None
Virtual Tour Url
  1. https://www.youtube.com/watch?v=MLRkTeQkJiQ
Water Sewer Expense
  1. 3000.00
Water Source
  1. Public
Year Built
  1. 1915
Year Built Source
  1. Assessor
Zoning
  1. LAMR1