317 N Commonwealth Avenue
Los Angeles, CA, 90004
$1,250,000
5 Beds
4 Baths
1,722 SqFt
0.17 Acres
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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 impactful and profitable.

Schedule a showing today and begin envisioning the possibilities.
LISTING AGENT: Jessiqa Pace
LISTING BROKERAGE: Compass
317 N Commonwealth Avenue
Los Angeles, CA

Property Details

Price:
$1,250,000
MLS #:
PV25025094
Status:
Active
Beds:
5
Baths:
4
Address:
317 N Commonwealth Avenue
Type:
Single Family
Subtype:
Duplex
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Jan 23, 2025
State:
CA
Finished Sq Ft:
1,722
ZIP:
90004
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1915
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Schools

School District:
Los Angeles Unified

Interior

Appliances
Dishwasher, Gas Range
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate
Heating
Central
Interior Features
Open Floorplan, Recessed Lighting

Exterior

Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Fencing
Block, Security, Wood, Wrought Iron
Garage Spaces
0.00
Green Energy Generation
Solar
Lot Features
0-1 Unit/ Acre, Front Yard, Lawn, Level, Paved, Yard
Parking Features
Carport, Covered, Driveway, Paved, Gated, Parking Space, Private, R V Access/ Parking, R V Potential
Parking Spots
10.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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