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317 Commonwealth Avenue , 

Los Angeles, CA 90004

$1,250,000

-Beds

-Baths

-Sq. Ft.

Multi-Family

Active

Listed by: Jessiqa Pace

Compass

MLS#: PV25024802Source: CAREIL

Price Summary

  • $1,250,000

    About This Home

    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 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.

    Home Facts

    • Multi-Family
    • Built in 1915
    • 2+ Community

    Listing ID #: PV25024802

    Last Updated: February 10, 2025, 01:14 AM

    Added: 22 days ago


    Heating and Cooling

    Heating & Cooling

    Cooling

    Cooling: Central Air


    Structure & Exterior

    Year Built: 1915


    Utilities

    Water Source: District - Public


    Finances & Disclosures

    Finances

    Price: $1,250,000

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