Los Angeles, CA 90004 317 -319 N Commonwealth Avenue
$1,250,000
31 more
Presented By: Jessiqa Pace with Compass; 310-986-9888
Beds • 5
Baths • 4
SQFT • 1,722
Year Built • 1915
Home Details
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.
Presented By: Jessiqa Pace with Compass; 310-986-9888
Interior Features for 317 -319 N Commonwealth Avenue
Bedrooms
Main Level Bedrooms5
Total Bedrooms5
Bathrooms
Main Level Bathrooms4
Total Baths4
3/4 Baths2
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesBreakfastBar, GraniteCounters, OpenFloorplan, RecessedLighting, AllBedroomsDown, MainLevelPrimary, WalkInClosets
Laundry FeaturesWasherHookup, GasDryerHookup, LaundryRoom
LivingAreaSourceAssessor
Total Stories1
Window FeaturesDoublePaneWindows
Other Rooms
Entry Level1
General for 317 -319 N Commonwealth Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasRange, GasWaterHeater, Refrigerator
Architectural StyleCraftsman
Attached Garage No
Carport Spaces4.0
Carport Y/NYes
CityLos Angeles
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks, Gated
CoolingCentralAir
CountyLos Angeles
Current FinancingFha
DirectionsCross street: Temple St and N Commonwealth Ave
Electric On Property Y/NNo
Entry LocationFront Door
Expected Active Date 2025-02-04
Full Baths2
Garage Spaces0.0
Garage Y/NNo
Green Energy GenerationSolar
HOANo
HOA Fee$0.0
HeatingCentral
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Contract, Submit
Living Area UnitsSquareFeet
Lot Size Square Feet7500.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeVacant
Open Parking Spaces6.0
Patio/Porch FeaturesConcrete, FrontPorch, Patio, Porch
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
Rent Control Y/NNo
Security FeaturesSecurityGate, GatedCommunity
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsShortSale
Standard StatusActive
StatusActive
Stories1
Structure TypeDuplex
Tax Lot3
ViewNone
Virtual TourClick here
Virtual TourClick here
Walk Score88
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningLAMR1
Exterior for 317 -319 N Commonwealth Avenue
Crops Included Y/NNo
FencingBlock, Security, Wood, WroughtIron
Horse Y/NNo
Inclusionsfridges, ovens
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, FrontYard, Lawn, Level, Paved, Yard
Lot Size Acres0.1722
Lot Size Area7500.0
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesCovered, Carport, Driveway, Gated, Paved, Private, RvPotential, RvAccessParking, OneSpace
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,250,000
MLS#PV25025094
List Date
02/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
