192 S Commonwealth Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$1,895,000 USD
213-500-4134
192 S Commonwealth Ave, Los Angeles, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

192 S Commonwealth Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Approx. 3,388 SF Building Approx. 7,438 SF Lot LAR3 Zone / ADU, Development Opportunity
  • Unit Mix: 2 × Large 2 Bed / 2 Bath Approximately 1,650+ SF per unit
  • Gated Property Long Drive Way with ample on-site parking
  • First Time Available in Over 40 Years
  • Prime Mid-Wilshire Location Minutes to Silver Lake, Koreatown, Hollywood & DTLA
  • Easy Access to 101 Freeway

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

2

PRICE/UNIT

$947,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

192 S. Commonwealth Ave, Los Angeles, CA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5501-018-019

ASK ABOUT THIS PROPERTY

Jayson KimInfini Realty AdvisorsMore Info
213-500-4134

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Jayson KimInfini Realty AdvisorsMore Info
213-500-4134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.