$1,250,000
For Sale

317 N Commonwealth Avenue

Los Angeles, CA 90004
0.17 acres | #PV25024802
Listing OfficeCompass
Browse 45 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

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.

  • Property Details
      • InteriorGraniteCounters, OpenFloorplan, RecessedLighting, AllBedroomsDown, MainLevelPrimary, WalkInClosets
      • Lot DescriptionZeroToOneUnitAcre, FrontYard, Lawn, Level, Paved, Yard
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$1,250,000
      • MLS #PV25024802
      • MLS #PV25024802
      • Cost1250000
      • Acres0.1722
      • Utility SourcePublic
      • Property SubtypeDuplex
      • Year Built1915
      • Stories1

Location

Jocelyn BackesReal Estate Group

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Interest Rate

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6.0%

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2.6%
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