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$1,250,000

Est. payment - /mo

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7,500 Sqft Lot

Active

317 -319 N Commonwealth AVE Los Angeles, CA 90004

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Alex Tai

KW Advisors

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPV25024802

Style Craftsman

Originating Board California Regional MLS

Year Built 1915

Lot Size 7,500 Sqft

Property Sub-Type Duplex

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 $20k 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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Rooms

Kitchen Dishwasher, Oven Range - Gas, Refrigerator

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Laundry Gas Hookup, In Laundry Room, 30

Exterior

Parking Features RV Possible, Carport , Covered Parking, Private / Exclusive, Gate / Door Opener, RV Access, Other, Parking Area

Garage Spaces 10.0

Pool 31, None

View None

Building

Lot Description Grade - Level, Paved

Story One Story

Water District - Public

Architectural Style Craftsman

Others

Tax ID 5501003011

Special Listing Condition Short Sale/ Subject to Lender

Listed by Jessiqa Pace • Compass

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321