317 N Commonwealth Avenue
Los Angeles, CA, 90004
$1,250,000
5 Beds
4 Baths
1,722 SqFt
0.17 Acres
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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.
LISTING AGENT: Jessiqa Pace
LISTING BROKERAGE: Compass
317 N Commonwealth Avenue
Los Angeles, CA

Property Details

Price:
$1,250,000
MLS #:
PV25025094
Status:
Active
Beds:
5
Baths:
4
Address:
317 N Commonwealth Avenue
Type:
Single Family
Subtype:
Duplex
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Jan 23, 2025
State:
CA
Finished Sq Ft:
1,722
ZIP:
90004
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1915
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Schools

School District:
Los Angeles Unified

Interior

Appliances
Dishwasher, Gas Range, Gas Water Heater, Refrigerator
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate
Heating
Central
Interior Features
Granite Counters, Open Floorplan, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Fencing
Block, Security, Wood, Wrought Iron
Garage Spaces
0.00
Green Energy Generation
Solar
Lot Features
0-1 Unit/ Acre, Front Yard, Lawn, Level, Paved, Yard
Parking Features
Carport, Covered, Driveway, Paved, Gated, Parking Space, Private, R V Access/ Parking, R V Potential
Parking Spots
10.00
Pool Features
None
Security Features
Automatic Gate, Gated Community
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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