Koreatown, CA Real Estate

Koreatown

Originally built up as a middle-class urban neighborhood by Henry Gaylord Wilshire, who took advantage of cheap prices following a land bust in the 1870s, Koreatown has evolved through a long series of transitions and improvements as is known for having one of the longest and most storied histories of any neighborhood in Los Angeles.

Real Estate Statistics

Average Price	$1.6M
Lowest Price	$2.4K
Highest Price	$5.6M
Total Listings	110
Avg. Days On Market	90
Avg. Price/SQFT	$631

Property Types (active listings)

Koreatown Homes for Sale

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New

$969,000

3810 Wilshire Boulevard # 1205, Los Angeles

2 Beds 2 Baths 1,359 SqFt Residential MLS® # 24381199

Jeremy Furton Sotheby's International Realty

New

$4,200,000

914 Gramercy Drive, Los Angeles

1 Bed 1 Bath 10,304 SqFt Residential Income MLS® # 24382951

Clara Cho Masters Realty & Investment

New

$835,000

321 Oxford Avenue # 406, Los Angeles

2 Beds 2 Baths 1,063 SqFt Residential MLS® # 24382729

Jung-won Baelly WILSHIRE REAL ESTATE

New

$749,000

321 Oxford Avenue # 404, Los Angeles

2 Beds 2 Baths 972 SqFt Residential MLS® # 24382727

Jung-won Baelly WILSHIRE REAL ESTATE

New

$830,000

321 Oxford Avenue # 402, Los Angeles

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 24382715

Jung-won Baelly WILSHIRE REAL ESTATE

New

$800,000

321 Oxford Avenue # 308, Los Angeles

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 24382705

Jung-won Baelly WILSHIRE REAL ESTATE

New

$810,000

321 Oxford Avenue # 302, Los Angeles

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 24382703

Jung-won Baelly WILSHIRE REAL ESTATE

New

$760,000

321 Oxford # 206, Los Angeles

2 Beds 2 Baths 1,063 SqFt Residential MLS® # 24382681

Jung-won Baelly WILSHIRE REAL ESTATE

New

$649,999

↑ $10,000

620 Gramercy Place # 402, Los Angeles

2 Beds 2 Baths 1,068 SqFt Residential MLS® # CV24058139

Pamela Dao COMPASS

New

$1,300,000

207 Kingsley Drive, Los Angeles

2 Beds 1 Bath 1,308 SqFt Residential MLS® # 24381708

Jon Emrani Marcus & Millichap

$790,000

3810 Wilshire Boulevard # 1204, Los Angeles

2 Beds 2 Baths 1,010 SqFt Residential MLS® # 24381099

Helen Kim Dream Realty & Investments Inc

$470,000

425 Kenmore Avenue # 311, Los Angeles

1 Bed 1 Bath 696 SqFt Residential MLS® # 24345679

Joon Soo Hong CenoCORE,Inc.

New

$850,000

855 Serrano Avenue # 42a, Los Angeles

1 Bed 1 Bath 1,200 SqFt Residential MLS® # 24377569

Yana Beranek Berkshire Hathaway HomeServices California Properties

$1,699,000

106 Ridgewood Place, Los Angeles

3 Beds 2 Baths 1,649 SqFt Residential MLS® # 24380693

Aaron Belliston BMR Enterprises

$935,000

3223 6th Street # 806, Los Angeles

2 Beds 3 Baths 1,740 SqFt Residential MLS® # 24375318

Jenny Um eXp Realty of California Inc

$580,000

358 Gramercy Place # 303, Los Angeles

2 Beds 2 Baths 1,266 SqFt Residential MLS® # 24380217

Paul Barbosa Century 21 Hollywood

$810,000

321 Oxford Avenue # 302, Los Angeles

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 24379887

Jung-won Baelly WILSHIRE REAL ESTATE

$960,000

321 Oxford Avenue # 205, Los Angeles

3 Beds 2 Baths 1,358 SqFt Residential MLS® # 24379813

Jung-won Baelly WILSHIRE REAL ESTATE

$790,000

321 Oxford # 202, Los Angeles

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 24379775

Jung-won Baelly WILSHIRE REAL ESTATE

$1,450,000

321 Oxford # 201, Los Angeles

4 Beds 4 Baths 1,962 SqFt Residential MLS® # 24379735

Jung-won Baelly WILSHIRE REAL ESTATE

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Koreatown History

Due to its centralized location and its proximity to Wilshire developments, the neighborhood now known as Koreatown was originally home to many of the recent immigrants, mid-level workers and lesser stars who found fame and fortune in Hollywood's beginning film industry during the 1910s and 20s.

Swelling with affluence during the roaring 20s, the neighborhood reached its peak during the 40s with the construction of the Ambassador Hotel and the Cocoanut Grove. Unfortunately, the Cocoanut Grove was destroyed in one of the most disastrous fires of the 20th century and the Ambassador Hotel, once home to presidents and dignitaries, lost most of its allure following the assassination of Robert Kennedy.

Seeing opportunity, Los Angeles's Korean population moved into the shops, businesses and apartments of Koreatown, revitalizing the community and opening the Korean Youth Center in the 1970s. A large number of immigrants, many of them having fled to the United States during the 50s to escape the Korean war, found their niche in the region and began to open shops. The neighborhood also saw the development of modern apartment complexes.

Unfortunately, Koreatown was again pushed into decay and disrepair following the 1992 Los Angeles riots, which saw rampant looting and violence in the area. Refusing to give up, the residents of Koreatown reached out to friendly business contacts in Seoul and Tokyo, inviting them to take advantage of the many open lots created by the riots. Korean and Japanese businesses leapt at the opportunity, and by 2000 Koreatown was home to some of the most advanced and abundant construction projects in Los Angeles. 

Koreatown Today

To alleviate congestion and promote construction, the city's train network was extended throughout the neighborhood, and Koreatown is now considered one of the best neighborhoods in Los Angeles in terms of public transportation and ease of movement without a car. It is also home to most of the newest and most modern office buildings, attracting attention and investment both domestically and abroad. The rapid availability of affordable apartments and public transportation makes it a popular home for LA's college community, as well as a stepping off point for affluent immigrants.

For more information about Koreatown Real Estate, please contact our office at 323 412-9060(Los Angeles).

Let us know what we can do to help you buy or sell your next piece of Real Estate in Koreatown CA

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