The MR1 zoning allows for a range of uses, from commercial ventures like banks, clinics, and offices, to dynamic spaces such as a recreation facility, or a restaurant. If you choose to maintain the property as residential, the lot also offers the possibility to build 2 additional ADUs, further enhancing income potential. Each unit has 2 bathrooms, updated kitchens, updated bathrooms, each unit has its own laundry room and more than enough off-street gated parking. Whether you’re an investor looking to reimagine the space or someone seeking a unique live/work solution, the potential here is limitless.
Between Silver Lake, Echo Park, and Koreatown, all with amazing restaurants and shops, and easy access to major freeways, this location offers the perfect mix of convenience, visibility, and growth potential. This is not a typical investment—it’s an opportunity for those who think beyond the ordinary, who see the potential to build something impactful and profitable.
Schedule a showing today and begin envisioning the possibilities.
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- Address317 N Commonwealth Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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