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317 N Commonwealth Avenue Los Angeles CA 90004 MLS #PV25054594

VACANT DUPLEX ON HUGE LOT WITH MR1 ZONING.

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.

Property Details

Price:
$1,250,000
MLS #:
PV25054594
Status:
Active
Baths:
0
Address:
317 N Commonwealth Avenue
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Mar 12, 2025
State:
CA
ZIP:
90004
Year Built:
1915

Schools

Interior

Cooling
Central Air
Heating
Central

Exterior

Fencing
Block, Security, Wood, Wrought Iron
Parking Spots
10.00
Stories Total
1
Water Source
Public

Financial

Map

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317 N Commonwealth Avenue
Los Angeles, CA