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Closed
- Listed price
- $2,600,000
- Listed Apr 20, 2017
- Sold price
- $2,600,000
- Sold Sep 8, 2017
10,202 sqft lot|1958 Built|20 MLS days on market
441 S COMMONWEALTH Ave, Los Angeles, CA 90020
Property Description
CALL FOR OFFERS DUE DATE 5/5/2017. The Commonwealth Apartments, a 12-unit property located at 441 S. Commonwealth Ave. in LA' s thriving Koreatown. This is an excellent opportunity for investors who want to capitalize on this submarket' s soaring popularity.The unit mix is 10 one-bedroom/one-bath units and 2 two-bedroom/two-bath units. A renovation oriented buyer can remodel and reposition the property to offer millennials a well-appointed alternative to brand-new construction. The property also presents an opportunity for development-minded investors. The 10,201-square-foot lot is zoned R4-2, which allows for no height restriction and a 6:1 Floor to Area Ratio. By right, a developer can construct a 25-unit apartment building plus the possibility of a density bonus.in light of the robust demand, Koreatown is experiencing an explosion in residential development. The Commonwealth Apartments is surrounded by many of the new developments currently under construction or planned.
Listing agent: Peter StraussDRE #01335696peter@iconicinv.com, Listing office: Iconic Investments
MLS data updated 11/3/2026, 12:21:23 AM PT
Source: CRMLSMLS #: 17223580
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,600,000
Sep 8, 2017
Available records22017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90020 · Nov 2026
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ZIP 90020 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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