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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $228.4K more than the Median Sold Price and $86/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
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: 12/23/2024, 4:20:57 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
DATE
EVENT
PRICE
Sep 23, 2011
Sep 23, 2011Home Sold
$220,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,306
Per Month
Principal & Interest
$6,239
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,814
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Dr. Sammy Lee Medical and Health Science Magnet
3600 Council St
Distance between this listing and this school0.26 miles
Public Magnet Grades KG-5
7
/10
Dayton Heights Elementary School
607 N Westmoreland Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-5
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.46 miles
Public District Grades 1-5
Nearby Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.38 miles
Public District Grades 6-8
3
/10
Vista Charter Middle School
2900 W Temple St
Distance between this listing and this school0.47 miles
Public Charter Grades 6-8
3
/10
Camino Nuevo Charter Academy #2
3400 W 3rd St
Distance between this listing and this school0.63 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Camino Nuevo High #2
3500 W Temple St
Distance between this listing and this school0.06 miles
Public Charter Grades 9-12
7
/10
Central City Value
221 N Westmoreland Ave
Distance between this listing and this school0.20 miles
Public Charter Grades 9-12
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.54 miles
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 most common type of family 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.
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.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.