317 -319 N Commonwealth Avenue, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties
317 -319 N Commonwealth Avenue Los Angeles, CA 90004
$1,250,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Multi Family (Commercial)
Status: Active
MLS# PV25054594
List price is $1,250,000
Beds: 0
Baths: 0
Built in 1915
0.17 acres
Lot size: 0.1722
County: Los Angeles
Zoning: MR1
Lot description: ZeroToOneUnitAcre,Front Yard,Lawn,Level,Paved,Yard
Heating/cooling: Central Air
Heating description: Central
MLS area: C17 - Mid-Wilshire

Last Updated: 4/3/2025

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.077308, -118.285939.
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Listing Agent: Jessiqa Pace
Co Listing Agent: Tadashi Kondo
Lic#: 01801928
Office Name: Sherman Oaks

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