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192 S. Commonwealth Ave, Los Angeles, CA 192 S Commonwealth Ave 2 Unit Apartment Building $1,895,000 ($947,500/Unit) Los Angeles, CA 90004
Investment Highlights
- Approx. 3,388 SF Building Approx. 7,438 SF Lot LAR3 Zone / ADU, Development Opportunity
- Gated Property Long Drive Way with ample on-site parking
- Prime Mid-Wilshire Location Minutes to Silver Lake, Koreatown, Hollywood & DTLA
- Unit Mix: 2 × Large 2 Bed / 2 Bath Approximately 1,650+ SF per unit
- First Time Available in Over 40 Years
- Easy Access to 101 Freeway
Executive Summary
Rare Mid-Wilshire Duplex | 7,435 SF LAR3 Lot | First Time Offered in 40+ Years
An exceptional investment opportunity in one of Central Los Angeles' most desirable rental markets. 192 S. Commonwealth Ave is a well-maintained duplex featuring approximately 3,388 square feet of improvements situated on a generous 7,438 SF LAR3-zoned lot.
The property consists of two exceptionally large 2-bedroom, 2-bath units, each exceeding 1,650 square feet, providing attractive layouts rarely found in today's multifamily inventory. The gated property offers a long driveway, multiple on-site parking spaces, and valuable development potential through its LAR3 zoning (buyer to verify).
Strategically positioned between Koreatown, Silver Lake, Hollywood, and Downtown Los Angeles, the property enjoys outstanding accessibility to the 101 Freeway, major employment centers, dining, entertainment, and public transportation.
With multifamily inventory in the immediate area remaining extremely limited, this offering presents an outstanding opportunity for:
Owner-users seeking supplemental rental income
Long-term multifamily investors
Value-add investors
Developers exploring future redevelopment potential (buyer to verify)
Properties of this size, location, and zoning are rarely available—especially one being offered for sale for the first time in over three decades.
An exceptional investment opportunity in one of Central Los Angeles' most desirable rental markets. 192 S. Commonwealth Ave is a well-maintained duplex featuring approximately 3,388 square feet of improvements situated on a generous 7,438 SF LAR3-zoned lot.
The property consists of two exceptionally large 2-bedroom, 2-bath units, each exceeding 1,650 square feet, providing attractive layouts rarely found in today's multifamily inventory. The gated property offers a long driveway, multiple on-site parking spaces, and valuable development potential through its LAR3 zoning (buyer to verify).
Strategically positioned between Koreatown, Silver Lake, Hollywood, and Downtown Los Angeles, the property enjoys outstanding accessibility to the 101 Freeway, major employment centers, dining, entertainment, and public transportation.
With multifamily inventory in the immediate area remaining extremely limited, this offering presents an outstanding opportunity for:
Owner-users seeking supplemental rental income
Long-term multifamily investors
Value-add investors
Developers exploring future redevelopment potential (buyer to verify)
Properties of this size, location, and zoning are rarely available—especially one being offered for sale for the first time in over three decades.
Property Facts
| Price | $1,895,000 | Building Class | B |
| Price Per Unit | $947,500 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,388 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1921 |
| Zoning | LAR3 - Multiple Dwelling Zone | ||
| Price | $1,895,000 |
| Price Per Unit | $947,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,388 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1921 |
| Zoning | LAR3 - Multiple Dwelling Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,600 - 1,650 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5501-018-019 | Improvements Assessment | $365,160 |
| Land Assessment | $1,173,000 | Total Assessment | $1,538,160 |
Property Taxes
Parcel Number
5501-018-019
Land Assessment
$1,173,000
Improvements Assessment
$365,160
Total Assessment
$1,538,160
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192 S. Commonwealth Ave, Los Angeles, CA | 192 S Commonwealth Ave
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