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.