317 N Commonwealth Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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317 N Commonwealth Avenue
Los Angeles, California 90004
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,985Sq Ft
7,503Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$942,924
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Turnkey Multi-Unit Configuration listed at $899,000—positioned well below the $942,925 Fair Market Value by 4%. This valuation gap offers $43,925 in Instant Equity. Featuring a Condition Rating of 3, the property includes paid-off solar panels and modern HVAC systems. With a 7,503 sqft lot offering significant ADU development potential, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to maximize rental income through strategic expansion.
Estimated Market Value
$942,924+$43,924 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 317 N Commonwealth Avenue Subject 0 bd · 0 ba · 1,985 sqft · $475 | $899,000* List Price | 0 | 0 | 1,985 | $475 | - |
A 422 Normandie Place Active 5 bd · 3 ba · 1,538 sqft · $488 · 0.9 mi | $750,000 List Price | 5 | 3 | 1,538 | $488 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1915, the property has been significantly updated and is marketed as move-in ready. The kitchen and bathrooms reflect a renovation likely performed 10-15 years ago, featuring granite countertops, recessed lighting, and laminate flooring. Systems have been modernized with individual HVAC units for each unit and the addition of paid-off solar panels, meeting the criteria for a well-maintained, functional property.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 7,503 sqft lot offers significant value-add potential with the possibility of building two additional ADUs, maximizing future rental income and property valuation.
- Energy Efficiency
The property features fully paid-off solar panels, providing immediate utility cost savings and increasing the overall net operating income for an owner-user or investor.
- Turnkey Multi-Unit Configuration
Both units are move-in ready and fully equipped with individual laundry, A/C, and heating systems, ensuring tenant autonomy and reducing immediate capital expenditure.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1985, other record living area = 1722.
- Recently Sold Property
The property was recently sold within the past year on 2026-09-30. The sold price is $645,000.00.
- Historic Build Maintenance
Originally constructed in 1915, the property may require more frequent maintenance or specialized repairs common to century-old structures despite its updated status.
About 317 N Commonwealth Avenue
READY TO MOVE IN DUPLEX ON A HUGE LOT! Own two homes on one gated property! The front unit features 3 bedrooms and 2 bathrooms, while the second unit offers 2 bedrooms and 2 bathrooms. Each unit has its own laundry room, A/C, and heating system. The solar panels are fully paid off! The expansive lot provides ample parking for multiple vehicles, with potential to build two additional ADUs (buyer to verify feasibility and requirements with the appropriate authorities).
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1915
- Lot Size
- 7,503 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,985 | 2,090.331 |
| Lot Size | 7,503 | 5,852.908 |
| Price | $899.0K | $830.9K |
| Price per sq ft | $453 | $394 |
| Built year | 1915 | 1928 |
| HOA | $0 | $0 |
| Days on market | 16 | 87 |
Pricing History
Listed for Sale
Oct 24, 2026
$899,000
Initial Listing
Sold
Sep 30, 2026
$645,000
Public Record
Sold
Feb 23, 2022
$1,150,000
Public Record
Sold
Sep 23, 2011
$220,000
Public Record