317 N Commonwealth Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Commercial
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 1,722 sqft
Price per Sqft $725
MLS Listing ID CRPV25025094
Bedrooms 5
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1915
Lot Size 7,500 Sqft
Acres 0.1722
Property Sub-Type Duet
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAMR
Interior
Interior Features Kitchen/Family Combo,Breakfast Bar,Stone Counters
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Window Features Double Pane Windows
Appliance Dishwasher,Gas Range,Refrigerator,Gas Water Heater
Laundry Gas Dryer Hookup,Laundry Room,Other
Exterior
Exterior Feature Front Yard,Other
Pool None
View Y/N false
View None
Total Parking Spaces 10
Private Pool false
Building
Lot Description Level,Other,Street Light(s),Storm Drain
Story 1
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One Story
New Construction No
Schools
School District Los Angeles Unified
Others
Tax ID 5501003011
Virtual Tour https://www.youtube.com/watch?v=MLRkTeQkJiQ