317 -319 N Commonwealth AVE Los Angeles, CA 90004
7,501 Sqft Lot
UPDATED:
03/12/2025 12:42 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25024802
HOA Y/N No
Year Built 1915
Lot Size 7,501 Sqft
Property Sub-Type Duplex
Property Description
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 $50k grant toward the down payment if you work with City National Bank and it qualifies for a $7500 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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAMR1
Interior
Interior Features Granite Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down, Main Level Primary, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Parking Features Covered, Carport, Driveway, Gated, Paved, Private, RV Potential, RV Access/Parking, One Space
Carport Spaces 4
Fence Block, Security, Wood, Wrought Iron
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Lawn, Level, Paved, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5501003011
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit
Green/Energy Cert Solar
Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Special Listing Condition Short Sale
Virtual Tour https://youtu.be/AdyNNugakHw
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