319 N Commonwealth Ave Los Angeles, CA 90004
East Hollywood NeighborhoodEstimated payment $8,195/month
Total Views
4,396
5
Beds
4
Baths
1,722
Sq Ft
$726
Price per Sq Ft
Highlights
- RV Access or Parking
- Solar Power System
- Open Floorplan
- John Marshall Senior High Rated A
- Gated Parking
- Craftsman Architecture
About This Home
VACANT DUPLEX ON HUGE LOT - SELLER MOTIVATED
This duplex is turnkey, vacant and located Mid-Wilshire/Silverlake Adjacent. Gated property with two units, 5 bedrooms and four bathrooms, two laundry rooms, two aircon units, solar panels owned by the property outright and over 10 parking spots on the property. It's on a HUGE lot with 7500 square feet of exterior space and is zoned for commercial/residential-MR1 zoning. You can also build two more ADU's on this lot under current zoning laws.
This is the best investment opportunity in town, perfect for a primary residence with rental income. But wait, there's more...this property has an assumable FHA loan with an interest rate of 3.25%. It also qualifies for a $20k grant toward the down payment if you work with City National Bank and it qualifies for a $5000 grant toward closing costs through Chase Bank.
There are no other investment properties like this on the market. Did I mention it's vacant on a huge lot? Reach out for more information about rental income opportunities. This lot is like no other on the market. Don't wait on this one. It's going off the market very soon.
Listing Agent
Compass Brokerage Phone: 310-986-9888 License #02122433 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,770
Year Built
- Built in 1915
Lot Details
- 7,500 Sq Ft Lot
- No Common Walls
- Security Fence
- Wrought Iron Fence
- Wood Fence
- Block Wall Fence
- Paved or Partially Paved Lot
- Level Lot
- Private Yard
- Lawn
- Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Craftsman Architecture
Interior Spaces
- 1,722 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Entryway
- Living Room
- Laminate Flooring
Kitchen
- Gas Range
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 6 Open Parking Spaces
- 10 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Driveway
- Gated Parking
- Paved Parking
- Parking Lot
- RV Access or Parking
Additional Features
- Solar Power System
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 3 / B
- Tax Tract Number 395
- Assessor Parcel Number 5501003011
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Maintenance Expense $7,000
- Other Expense $2,592
- Water Sewer Expense $3,000
- New Taxes Expense $16,250
- Operating Expense $31,842
- Gross Income $83,808
- Net Operating Income $54,558
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,770 | $1,196,460 | $832,320 | $364,140 |
| 2023 | $14,489 | $1,173,000 | $816,000 | $357,000 |
| 2022 | $3,692 | $287,842 | $177,536 | $110,306 |
| 2021 | $3,637 | $282,199 | $174,055 | $108,144 |
| 2019 | $3,534 | $273,832 | $168,894 | $104,938 |
| 2018 | $3,383 | $268,464 | $165,583 | $102,881 |
| 2016 | $3,223 | $258,041 | $159,154 | $98,887 |
| 2015 | $3,177 | $254,166 | $156,764 | $97,402 |
| 2014 | $3,201 | $249,189 | $153,694 | $95,495 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | For Sale | $1,250,000 | 0.0% | $726 / Sq Ft |
| 02/04/2025 02/04/25 | For Sale | $1,250,000 | -- | $726 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,150,000 | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | Fidelity | |
| Quit Claim Deed | -- | Fidelity | |
| Grant Deed | $220,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $35,882 | New Conventional | |
| Closed | $35,981 | New Conventional | |
| Open | $1,129,170 | FHA | |
| Previous Owner | $281,665 | Credit Line Revolving | |
| Previous Owner | $543,000 | New Conventional | |
| Previous Owner | $487,500 | New Conventional | |
| Previous Owner | $331,500 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV25024802
APN: 5501-003-011
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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. Properties may or may not be listed by the office/agent presenting the information
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