317 -319 N Commonwealth AVE Los Angeles, CA 90004
7,501 Sqft Lot
UPDATED:
02/21/2025 12:24 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25024802
HOA Y/N No
Year Built 1915
Lot Size 7,501 Sqft
Property Sub-Type Duplex
Property Description
The MR1 zoning allows for a range of uses, from commercial ventures like banks, clinics, and offices, to dynamic spaces such as a recreation facility, or a restaurant. If you choose to maintain the property as residential, the lot also offers the possibility to build 2 additional ADUs, further enhancing income potential. Each unit has 2 bathrooms, updated kitchens, updated bathrooms, each unit has its own laundry room and more than enough off-street gated parking. Whether you're an investor looking to reimagine the space or someone seeking a unique live/work solution, the potential here is limitless.
Between Silver Lake, Echo Park, and Koreatown, all with amazing restaurants and shops, and easy access to major freeways, this location offers the perfect mix of convenience, visibility, and growth potential. This is not a typical investment—it's an opportunity for those who think beyond the ordinary, who see the potential to build something impactful and profitable.
Schedule a showing today and begin envisioning the possibilities.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAMR1
Interior
Interior Features Granite Counters, Open Floorplan, Recessed Lighting, All Bedrooms Down, Main Level Primary, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Parking Features Covered, Carport, Driveway, Gated, Paved, Private, RV Potential, RV Access/Parking, One Space
Carport Spaces 4
Fence Block, Security, Wood, Wrought Iron
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Lawn, Level, Paved, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5501003011
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit
Green/Energy Cert Solar
Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Special Listing Condition Standard
Virtual Tour https://youtu.be/AdyNNugakHw
