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	$1.9M
Lowest Price	$3.5K
Highest Price	$8.2M
Total Listings	119
Avg. Days On Market	115
Avg. Price/SQFT	$600

Property Types (active listings)

Koreatown Homes for Sale

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Bathrooms

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New

$920,000

700 S Ardmore Avenue # 403, Los Angeles

3 Beds 3 Baths 1,495 SqFt Residential MLS® # 23316713

Lynn Choi Kim Kairos Realty

New

$1,450,000

3785 Wilshire Boulevard # 1702, Los Angeles

3 Beds 3 Baths 1,700 SqFt Residential MLS® # 23316681

Edward Kim Edward Kim

New

$1,890,000

201 S Ardmore Avenue, Los Angeles

3 Beds 3 Baths 2,120 SqFt Residential MLS® # 23316631

June Ahn Coldwell Banker Realty

New

$599,000

315 1/4 N Normandie Avenue, Los Angeles

3 Beds 2 Baths 795 SqFt Residential MLS® # 23312887

Lauren Biedenharn Compass

New

$799,000

315 N Normandie Avenue, Los Angeles

5 Beds 5 Baths 1,550 SqFt Residential MLS® # 23312717

Lauren Biedenharn Compass

New

$818,000

3855 Ingraham Street # 401, Los Angeles

3 Beds 2 Baths 1,310 SqFt Residential MLS® # 23316557

Eric Akutagawa Compass

New

$598,000

970 S Kingsley Drive # 108, Los Angeles

2 Beds 2 Baths 1,177 SqFt Residential MLS® # 23316569

Elijah Shin Dream Realty Asset Mgt, Inc.

New

$2,549,000

860 S Bronson Avenue, Los Angeles

4 Beds 3 Baths 3,134 SqFt Residential MLS® # 23316097

Sunnie Kim Ivy Realty Co.

New

$1,699,999

933 S Gramercy Place, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 23315965

Alex 'zan' Sacker KW Advisors

New

$2,590,000

940 S Gramercy Place, Los Angeles

10 Beds 8 Baths 6,412 SqFt Residential Income MLS® # 23315523

Max Lee eXp Realty of California Inc

New

$429,000

320 S Ardmore Avenue # 318, Los Angeles

1 Bed 1 Bath 580 SqFt Residential MLS® # PV23180030

Steve Simonetti RE/MAX Estate Properties

New

$960,000

901 S Gramercy Drive # 206, Los Angeles

3 Beds 2 Baths 1,470 SqFt Residential MLS® # 23314901

Jason Kwang Jeong Bee Investment, Inc.

New

$689,000

620 S Gramercy Place # 328, Los Angeles

2 Beds 2 Baths 933 SqFt Residential MLS® # PW23179177

Gregory Ernst Locals Property Group

New

$1,000,000

3429 W Olympic Boulevard # 304, Los Angeles

2 Beds 2 Baths 1,420 SqFt Residential MLS® # 23313617

Michelle Suh KORUS Real Estate

New

$615,000

525 S Berendo Street # 101, Los Angeles

2 Beds 2 Baths 883 SqFt Residential MLS® # 23314705

Won Mo eXp Realty of California Inc

$1,325,000

3429 W Olympic Boulevard # 601, Los Angeles

3 Beds 2 Baths 1,584 SqFt Residential MLS® # 23313997

Duk Young Yang KORUS Real Estate

$650,000

900 S Harvard Boulevard # 302, Los Angeles

3 Beds 2 Baths 1,120 SqFt Residential MLS® # SR23176419

Ben Salem Rodeo Realty

$4,350,000

311 S New Hampshire Avenue, Los Angeles

3 Beds 3 Baths 11,792 SqFt Residential Income MLS® # 23313079

Michael Sterman Marcus & Millichap

$390,000

320 S Ardmore Avenue # 102, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # PF23172773

Sang Ur Redfin Corporation

$1,450,000

3810 W 1st Street, Los Angeles

10 Beds 6 Baths 0 SqFt Residential Income MLS® # AR23174767

Amy Wang Coldwell Banker George Realty

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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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