317 N Commonwealth Avenue Active

Los Angeles,CA 90004

$ 1250000

5 Beds

4 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25024802

Bedrooms 5

Lot Size 7,500 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Located in a convenient Los Angeles location this duplex, comprised of a 3 bed, 2 bath unit and a 2 bed, 2 bath unit, sits on a huge lot with plenty of opportunity for investors looking for rental income, to do a 1031 exchange or to build their business. This is more than just a propertyits a canvas for an investor with vision. 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 youre 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 investmentits 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.
Located in a convenient Los Angeles location this duplex, comprised of a 3 bed, 2 bath unit and a 2 bed, 2 bath unit, sits on a huge lot with plenty of opportunity for investors looking for rental income, to do a 1031 exchange or to build their business. This is more than just a propertyits a canvas for an investor with vision. 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 youre 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 investmentits 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 Los Angeles (90004)

Zoning Assessor

Interior

Cooling Central Forced Air

Building

Lot Description Curbs,Sidewalks

Story 1

Others

Acceptable Financing Cash,Conventional,Land Contract

Listing Terms Cash,Conventional,Land Contract

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