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317 -319 N Commonwealth Avenue Los Angeles, CA 90004
$1,250,000 5 beds, 4 baths
1, 722 sqft
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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 Details

Property type: Duplex (Single Family)
Status: Active
MLS# PV25025094
List price is $1,250,000
HOA Fee is $0.00
Beds: 5
Baths: 4 (2 full)
None fireplaces
Built in 1915
1,722 sqft
1 story
0.17 acres
Lot size: 0.1722
County: Los Angeles
Property style: Craftsman
Zoning: LAMR1
Interior features: Breakfast Bar,Granite Counters,Open Floorplan,Recessed Lighting,All Bedrooms Down,Main Level Primary,Walk-In Closet(s)
Appliances: Dishwasher,Gas Range,Gas Water Heater,Refrigerator
Parking description: Covered,Carport,Driveway,Gated,Paved,Private,RV Potential,RV Access/Parking,One Space
Lot description: ZeroToOneUnitAcre,Front Yard,Lawn,Level,Paved,Yard
Heating/cooling: Central Air
Heating description: Central
MLS area: C17 - Mid-Wilshire

Last Updated: 4/3/2025

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This listing belongs to the C17 - Mid-Wilshire MLS area

The style of this listing is Craftsman.
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Lat/Long: 34.077308, -118.285939.
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Listing Agent: Jessiqa Pace
Co Listing Agent: Tadashi Kondo
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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