2 months on rocket

317 N Commonwealth Ave, Los Angeles, CA, 90004

$1,250,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Baths
1,722 SqFt
$726/SqFt
House
Schools Nearby

Location

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317 N Commonwealth Ave, Los Angeles$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDetached Carport
Year Built1915
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #24356187
Lot Size0.17 Acres
StatusActive

About 317 N Commonwealth Ave

$100K PRICE IMPROVEMENT! SELLER HIGHLY MOTIVATED! 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1915
  • Stories: 1
  • Living Area: 1,722 SqFt

Listing Office:

  • Office Name: The Collective Realty
  • Office Phone: (310) 569-1335
  • Listing Agent: Will Tiao

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer
  • Interior: Recessed Lighting, Walk-In Closet(s)
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights
  • Exterior: Rain Gutters

Parking Information:

  • Attached Garage: No
  • Parking: Detached Carport

Lot Features

Lot Information:

  • Lot: Front Yard, Lawn, Landscaped, Rectangular Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • John Marshall Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Thomas Starr King Middle School Film and Media Mag, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Dr. Sammy Lee Medical and Health Science Magnet Elementary School, Public Magnet Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: From 101 freeway, W on Silver Lake Blvd, N on Virgil Ave, E on Commonwealth

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $726/SqFt

Tax Information:

  • Annual Amount: $3,637
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

317 N Commonwealth Ave vs Los Angeles

78 DAYS ON ROCKET

+44 Days

$1,250,000

+$274K More

$726/SqFt

+$98 More

KEY TAKEAWAY

This property is $274K more than the Median Sold Price and $98/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24356187

Listing Office:

  • Office Name: The Collective Realty
  • Office Phone: (310) 569-1335
  • Listing Agent: Will Tiao

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 23, 2011Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,637$282,199
2020$3,534$279,307
2019$3,383$273,832
2018$3,313$268,464
2017$3,313$263,201

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1747374
7
/10

  • Dr. Sammy Lee Medical and Health Science Magnet Elementary School

  • 3600 Council St

  • 0.27 miles

  • Public Magnet Grades KG-5

school-card-donut-1747375
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.44 miles

  • Public Magnet Grades KG-6

school-card-donut-1747376
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 21.90 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-1747377
6
/10

  • Thomas Starr King Middle School Film and Media Mag

  • 4201 Fountain Ave

  • 1.39 miles

  • Public Magnet Grades 6-8

school-card-donut-1747378
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.39 miles

  • Public District Grades 6-8

High School

school-card-donut-1747379
7
/10

  • John Marshall Senior High School

  • 3939 Tracy St

  • 2.17 miles

  • Public Magnet Grades 9-12

school-card-donut-1747380
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.05 miles

  • Public Magnet Grades 9-12

school-card-donut-1747381
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.65 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,258. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 317 N Commonwealth Ave

What is the listing price of this property?

The listing price of 317 N Commonwealth Ave property is $1,250,000.

What type of property is this?

The property 317 N Commonwealth Ave is a house located in Los Angeles, California, 90004.

Is this property for sale now?

Active Listing: 317 N Commonwealth Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 317 N Commonwealth Ave are:
Dr. Sammy Lee Medical and Health Science Magnet Elementary School: GreatSchools Rating 7/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Thomas Starr King Middle School Film and Media Mag: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
John Marshall Senior High School: GreatSchools Rating 7/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,637 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 23, 2011 for $220,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 317 N Commonwealth Ave has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 317 N Commonwealth Ave is 1,722 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 317 N Commonwealth Ave is 1915.

Rocket Homes›California›Los Angeles County›Los Angeles›90004›317 N Commonwealth Ave

This home is located at 317 N Commonwealth Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 1,722 square foot home, which was built in 1915, sits on a 0.17 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $1,250,000.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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