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	$2M
Lowest Price	$80K
Highest Price	$12M
Total Listings	92
Avg. Days On Market	112
Avg. Price/SQFT	$668

Property Types (active listings)

Koreatown Homes for Sale

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Bathrooms

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New

$1,249,000

702 S Serrano Avenue # 804, Los Angeles

3 Beds 3 Baths 1,500 SqFt Residential MLS® # 22189167

Max Lee eXp Realty of California Inc

New

$1,999,000

206 S Catalina Street, Los Angeles

0 Beds 0 Baths 5,534 SqFt Residential Income MLS® # 22188905

Andrew Lim Max Mega Group

New

$4,197,000

730 Crenshaw Boulevard, Los Angeles

0 Beds 0 Baths 11,208 SqFt Residential Income MLS® # 22188935

Roderick 'rick' Raymundo Marcus & Millichap

New

$1,150,000

4180 Wilshire Boulevard # 401, Los Angeles

3 Beds 3 Baths 1,960 SqFt Residential MLS® # 22188245

Teddy Yoon Dream Realty Asset Mgt, Inc.

$579,000

981 S St Andrews Place # 204, Los Angeles

2 Beds 2 Baths 921 SqFt Residential MLS® # BB22167668

Mimi Kim Dilbeck Real Estate

$659,000

980 S Oxford Avenue # 101, Los Angeles

2 Beds 2 Baths 1,180 SqFt Residential MLS® # 22185789

Daniel Eim Coldwell Banker Realty

$740,000

903 S New Hampshire Avenue # 204, Los Angeles

3 Beds 2 Baths 1,282 SqFt Residential MLS® # WS22163011

Guan-ying Lai KW Executive

$2,195,000

3943 W 7th Street, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 22185761

Josh Kaplan Transwestern Property Company West, Inc.

$410,000

620 S Gramercy Place # 329, Los Angeles

0 Beds 1 Bath 482 SqFt Residential MLS® # WS22166200

Gustavo Enriquez COLDWELL BANKER GEORGE REALTY

$749,000

3223 W 6th Street # 508, Los Angeles

2 Beds 2 Baths 1,310 SqFt Residential MLS® # 22185457

Ansel Kim The Agency

$425,000

435 S Virgil Avenue # 121, Los Angeles

1 Bed 1 Bath 613 SqFt Residential MLS® # PV22167267

Cheryl Watson RE/MAX Estate Properties

$2,250,000

120 S Oxford Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22184953

Peter Shim New Star Realty

$1,050,000

920 S Kenmore Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22182827

Stephanie Trevizo Corcoran Global Living

$6,800,000

927 933 S Ardmore Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22183059

Max Lee eXp Realty of California Inc

$2,399,000

905 Irolo Street, Los Angeles

5 Beds 2 Baths 2,428 SqFt Residential MLS® # 22182721

Seong Kelly Chong Dream Realty Asset Mgt, Inc.

$2,000,000

971 S Gramercy Drive, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22181113

Sue Choi Choice 100 Realty, Inc.

$750,000

970 S Kingsley Drive # 310, Los Angeles

2 Beds 2 Baths 1,616 SqFt Residential MLS® # 22181923

Christine Hong Coldwell Banker Realty

$1,350,000

107 N Serrano Avenue, Los Angeles

5 Beds 4 Baths 2,653 SqFt Residential MLS® # 22178827

Angela Bond Keller Williams Larchmont

$3,900,000

509 S Gramercy Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22181147

Saadia 'sam' Liberow Marcus & Millichap

$609,000

433 S Manhattan Place # 316, Los Angeles

2 Beds 2 Baths 1,084 SqFt Residential MLS® # GD22159931

Eddie Lee Edward Lee

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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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