319 Commonwealth Ave, Los Angeles, CA 90004
2 Unit Apartment Building Offered at $1,235,000 at a 5.80% Cap Rate in Los Angeles, CA 90004
For Sale
Active
20 pictures
Asking Price $1,235,000
- Property Type
-
Multifamily
- Square Feet
- 1,722 SF
Listing Contacts
Ken Dennis
Will Tiao
Property Overview
This duplex in the highly sought after Virgil Village area is a great opportunity for an owner/user or investor who is looking for a great return and huge potential. Both units are renovated and will be delivered vacant. One unit is a 3 bed/2 bath and the other unit is a 2
bed/2 bath. Recently remodeled, both units have central air and heating, engineered hardwood floors, and individual laundry machines and dryers. Owner-owned solar panels for energy efficient use. Perfect for owner/user to live in one unit and rent out the other. Plenty of parking with a detached carport for 6+ cars and additional room outside for more. Large lot with opportunity to expand. There is room for two additional detached ADUs per code. Also, the property is commercially zoned for even greater use. Buyer to verify any potential expansion plans. There is the possibility of an assumable FHA loan at 3.25%. Contact, listing agent for details. Close to all the shops and restaurants at the Sunset Junction, Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway and B Line. This duplex property with expansion possibilities presents the perfect investment opportunity for the right buyer. *Some photos have been virtually staged/retouched.
bed/2 bath. Recently remodeled, both units have central air and heating, engineered hardwood floors, and individual laundry machines and dryers. Owner-owned solar panels for energy efficient use. Perfect for owner/user to live in one unit and rent out the other. Plenty of parking with a detached carport for 6+ cars and additional room outside for more. Large lot with opportunity to expand. There is room for two additional detached ADUs per code. Also, the property is commercially zoned for even greater use. Buyer to verify any potential expansion plans. There is the possibility of an assumable FHA loan at 3.25%. Contact, listing agent for details. Close to all the shops and restaurants at the Sunset Junction, Virgil Village, Silver Lake, Echo Park, Historic Filipinotown, and DTLA. Easy access to the 101 freeway and B Line. This duplex property with expansion possibilities presents the perfect investment opportunity for the right buyer. *Some photos have been virtually staged/retouched.
Property Details
- Year Built
- 1915
- Stories
- 1
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 2
Highlights
- Assumable FHA loan at 3.25% interest
- 2 renovated units - both delivered vacant
- Detached carport for 6+ cars
- Large lot - plenty of room to expand
- Commercially zoned, possibility to add 2 ADU's
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