192 S Commonwealth Avenue

About This Property

First Time on the Market in Over 40 Years! Rare opportunity to own a spacious duplex in the highly desirable Mid-Wilshire neighborhood. Situated on an expansive 7,438 SF LAR3-zoned lot, this pride-of-ownership property offers approximately 3,388 SF of living space featuring two oversized 2-bedroom,1-bath units, each with over 1,600 SF of comfortable living space. The gated property features a long driveway, ample on-site parking, generous front and rear yard areas, and spacious floor plans that appeal to both owner-users and tenants. Large windows provide abundant natural light while the well-maintained property offers immediate rental income with future upside. The LAR3 zoning may present an excellent opportunity for future redevelopment, ADU, expansion, or value-add potential (Buyer to independently verify with the City of Los Angeles regarding zoning, development possibilities, and permitted uses).Ideally located just minutes from Silver Lake, Koreatown, Downtown Los Angeles, Hollywood, and convenient access to the 101 Freeway, this property sits in one of Los Angeles' strongest rental markets where multifamily inventory remains extremely limited. Whether you're an owner-user seeking supplemental rental income, a long-term investor, or a developer looking for future potential, this is a rare opportunity to acquire a large duplex on an oversized LAR3 lot that has been lovingly held by the same ownership for over three decades. Information deemed reliable but not guaranteed. Buyer is advised to independently verify all information including, but not limited to, square footage, lot size, zoning, development potential, permits, rental income, unit configuration, and all aspects of the property to their own satisfaction.

Neighborhood

This property is located in Los Angeles. Want to learn more about the area?

Listing courtesy of Infini Realty Advisors, Inc

Listing data from CRMLS. Deemed reliable but not guaranteed.