$1,250,000
5 Bed
4 Bath
1,722 Sqft
7,500 Sqft

317 Commonwealth Avenue, Los Angeles, CA 90004

  • Residential Property Type
  • 39 Days Days On Market
  • 1915 Year Built
Property Description

VACANT DUPLEX ON HUGE LOT 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 $50k grant toward the down payment if you work with City National Bank and it qualifies for a $7500 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.

Basic Details
Residential
Duet
For Sale
CRPV25025094
$1,250,000
None
5
4
39
2
1,722 Sqft
1915
7,500 Sqft
2
0.17 Acre
Active
1
: One Story
2
1
Features
: None
: Central
: Central Air
: Wood
: Kitchen/Family Combo, Breakfast Bar, Stone Counters
: Other, Front Yard
Double Pane Windows
Public Sewer
: Dishwasher, Gas Range, Refrigerator, Gas Water Heater
: None
: Laminate
: Laundry Room, Gas Dryer Hookup, Other
: Other, Level, Street Light(s), Storm Drain
: Covered, Other, Private, RV Access, RV Possible
Address Map
CA
Los Angeles
Los Angeles
90004
Commonwealth Avenue
317
W119° 42' 50.9''
N34° 4' 38.3''
LAMR
N
Cross street: Temple St and N Commonwealth Ave
Additional Info
Compass
Jessiqa Pace
jessiqa@thekondogroup.com
: Craftsman
: Gated
Los Angeles Unified
Active
Public
For Sale
Price History
02/04/2025
$1,250,000
$0
Additional Information
1722
Listing Information
2025-03-12T01:05:14Z
Short Sale
Tadashi Kondo
Compass
BayEast
CR194576
CR362492165
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    Agent info
    Puja Gupta
    Realty++
    Subhash Kapur
    Realty++
    Realty++
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