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Property

Los Angeles, CA 90004 317 -319 N Commonwealth Avenue

317 -319 N Commonwealth Avenue Los Angeles, CA - Image 1317 -319 N Commonwealth Avenue Los Angeles, CA - Image 2317 -319 N Commonwealth Avenue Los Angeles, CA - Image 3
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Presented By: Jessiqa Pace with Compass; 310-986-9888
  • MLS# PV25054594
  • 03/12/2025
  • Request Tour
  • Request Info
  • SQFT • 1,722
  • Year Built • 1915

Home Details

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 $20,000 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

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, LaundryRoom
LivingAreaSourceAssessor
Total Stories1

Other Rooms

Entry Level1

General for 317 -319 N Commonwealth Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.36
Carport Spaces4.0
Carport Y/NYes
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsCross street: Temple St and N Commonwealth Ave
Electric Expense0.0
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense3000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Contract, Submit
Lot Size Square Feet7500.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MaintenanceExpense7000.0
MobileHomeRemainsYNNo
Net Operating Income54558.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased0
Occupancy TypeVacant
Open Parking Spaces6.0
Operating Expense51966.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsShortSale
Standard StatusActive
StatusActive
Trash Expense0.0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningMR1

Exterior for 317 -319 N Commonwealth Avenue

Building Area Total1722.0
Crops Included Y/NNo
FencingBlock, Security, Wood, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, FrontYard, Lawn, Level, Paved, Yard
Lot Size Acres0.1722
Lot Size Area7500.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,250,000
MLS#PV25054594
List Date 03/12/2025
Property Type Commercial
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