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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

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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Property Highlights

Home TypeOther
ParkingOne Space
Year Built1915
CoolingCentral Air
MLS #24449743
Lot Size0.17 Acres
StatusActive

About 317 N Commonwealth Ave

Discover a unique opportunity to own a beautifully renovated, income-producing property in the heart of Koreatown! Perfect for both owner-occupancy and rental income potential. Each unit boasts upgraded kitchens and baths, brand new appliances, sleek flooring, and stylish stucco finishes. With solar panels and a new HVAC system, this duplex is as energy-efficient as it is beautiful. The open floor plan floods with natural light, while lush greenery provides an oasis of calm. Outside, you'll find a 6-car parking lot, making it ideal for tenants or large families, plus the exciting potential for an ADU to further increase rental income. The property is gated and tucked away on a cul-de-sac in a safe, school neighborhood. With a sprawling outdoor area perfect for pets or play, this property is ideal for a growing family. Delivered vacant, it's a perfect starter home with serious potential for passive income. Seize this chance to live in style while generating rental income! ***3.25% assumable FHA loan for the qualified buyer.***

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Stories: 0
  • Living Area: 1,722 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Robert Howell

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: One Space

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: East of Virgil and North of Temple st.

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

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

317 N Commonwealth Ave vs Los Angeles

46 DAYS ON ROCKET

+8 Days

$1,250,000

+$226.5K More

$726/SqFt

+$85 More

KEY TAKEAWAY

This property is $226.5K more than the Median Sold Price and $85/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: #24449743

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Robert Howell

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: 11/22/2024, 8:20:55 PM 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.

Nearby Schools

school-card-donut-720510
6
/10

  • Dr. Sammy Lee Medical and Health Science Magnet

  • 3600 Council St

  • 0.26 miles

  • Public Magnet Grades KG-5

school-card-donut-720511
7
/10

  • Dayton Heights Elementary School

  • 607 N Westmoreland Ave

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-720512
6
/10

  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.46 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,258. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

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 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 October 07, 2024 and is currently priced at $1,250,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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