423 S Commonwealth Ave

Los Angeles, CA 90020

$1,699,000
Price
—
Beds
—
Baths
4,218 Sq. Ft.
$403 / Sq. Ft.
4,218
Sq. Ft.
$403
per Sq. Ft.
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Description

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.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.
  1. Listed by Anna Jung • DRE #01481661 • Brokerage DRE #02240816 • Forrest Commercial, Inc. • 714-318-3663

Property Details for 423 South Commonwealth Avenue

Lot Size Source
Assessor
Building Area Total
4218
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
5077001019
Area
Not Defined (699)
Directions
North of Wilshire and West of Commonwealth
LISTING UPDATED: 11/23/2025 04:17 PM

Property Details for 423 South Commonwealth Avenue

StatusActive
MLS #PW25069125
Days on Market218
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1924
Lot Size0.20 AC / 8,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Forrest Commercial, Inc., Anna Jung, DRE #01481661
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Building Information for 423 South Commonwealth Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.20 AC / 8,503 SF

Payment Calculator

$8,435 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,395

Property Taxes

$40

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 423 South Commonwealth Avenue

Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
Exterior Features
  • Security Features: Automatic Gate, Resident Manager
Land/Lot Info
  • Lot Features: Yard
  • Land Use: Multi-Family, Other
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing

Property History for 423 South Commonwealth Avenue

DateEvent & SourcePriceAppreciation
Mar 30, 2025

Listed (Active)

CRMLS #PW25069125

$1,699,000—
DateEvent & SourcePrice
03/30/2025

Listed (Active)

CRMLS #PW25069125

$1,699,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 423 South Commonwealth Avenue

Taxable ValueLand$393,532Additions$545,531Total$939,063
Tax Record2025$485 ($40 / month)
Home Facts
Beds5Total Finished SqFt4,218 SqFtAbove Grade Finished SqFt4,218 SqFtStories2Lot Size8,501 SqFtStyleSingle Family ResidenceYear Built1924ZoningLAR4CountyLOS ANGELESAPN5077-001-019

Schools near 423 South Commonwealth Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Commonwealth Avenue Elementary School
Public - K to 5
Virgil Middle School
Public - 6 to 8
Academic Leadership Community School
Public - 9 to 12
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Rating
School
Distance
Commonwealth Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

Contreras Learning Center-School Of Social Justice
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 423 South Commonwealth Avenue, Los Angeles, CA 90020

423 South Commonwealth Avenue is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on March 30, 2025 by Forrest Commercial, Inc., it's currently listed at $1,699,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Commonwealth Avenue Elementary School, Virgil Middle School and Academic Leadership Community School. 423 South Commonwealth Avenue is a 0-bed, 0-bath, 4,218 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Forrest Commercial, Inc., Anna Jung, DRE #01481661

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.