317 -319 N Commonwealth AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25054594
Year Built 1915
Lot Size 7,501 Sqft
Property Sub-Type Multi Family
Property Description
VACANT DUPLEX ON HUGE LOT WITH MR1 ZONING.
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 $20,000 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
Area C17 - Mid-Wilshire
Zoning MR1
Interior
Heating Central
Cooling Central Air
Laundry Washer Hookup,Gas Dryer Hookup,Laundry Room
Exterior
Fence Block,Security,Wood,Wrought Iron
Building
Lot Description 0-1 Unit/Acre,Front Yard,Lawn,Level,Paved,Yard
Story 1
Water Public
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,Contract,Submit
Listing Terms Cash,Cash to New Loan,Conventional,Contract,Submit
Special Listing Condition Short Sale
Virtual Tour https://youtu.be/AdyNNugakHw