423 S Commonwealth Avenue Los Angeles, CA ^$ 1,699,000

423 S Commonwealth Avenue

^$ 1,699,000

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423 S Commonwealth Avenue

Los Angeles, CA, 90020

^$ 1,699,000

Bedrooms-- Baths-- Sq 4,218

Monthly Estimate*

^$ 10,600

Listed by Forrest Commercial, Inc.

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Commercial Property for sale in Los Angeles, CA

for $1,699,000. This 4,218 square foot building was built in 1924 on a lot size of 0.1952.

Charming Spanish-style residence currently operating as a licensed Catholic preschool. Approx. 4,218 SF building on a spacious 8,503 SF lot in the heart of Rampart Village, surrounded by apartment buildings. Zoned LAR3, offering excellent potential for multi-family development or continued school/childcare use. Features 5 rooms, 4 bathrooms, gated yard, and central HVAC. A rare opportunity for both investors and operators in a high-density Koreatown-adjacent location.

Commercial Active

Price

^$ 1,699,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.1952

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW25069125

Days on Market

276

Features

General

Heating Central

Security Features Security Gate Resident Manager

Year Built 1924

Property Subtype Multi Family

County Los Angeles

Property Type Commercial Sale

Special Listing Conditions Standard

Status Active

Directions North of Wilshire and West of Commonwealth

City Los Angeles

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 8503

Land Lease Y/N false

Additional Parcels Y/N false

Virtual Tour https://vimeo.com/1068743540

Building Area Units Square Feet

Standard Status Active

Occupancy Type Owner

Property Sub Type Additional Multi Family

Interior

Total Stories 2

Heating Y/N true

Laundry Features Gas Dryer Hookup

Entry Level 1

Exterior

Lot Features Yard

Water Source Public

Lot Size Area 8503

Building Area Total 4218

Lot Size Acres 0.1952

Lot Size Source Assessor

* Excluded Features

List By

Forrest Commercial, Inc.

Broker

docs2anna@gmail.com

Affordability Calculator

$10,600

Per Month

Monthly Principal & Interest: $10,600
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,723,323

Percent of Sale Price 60%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,699,000		Listed Price

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423 S Commonwealth Avenue, Los Angeles, CA, 90020 is a Commercial Property for sale at $1,699,000 with 4,218 sqft and a lot size of 0.1952. 423 S Commonwealth Avenue was built in 1924. The property's zip code is 90020 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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423 S Commonwealth Avenue

Commercial Property for sale in Los Angeles, CA

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