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	$2.5M
Lowest Price	$30
Highest Price	$16M
Total Listings	81
Avg. Days On Market	130
Avg. Price/SQFT	$671

Property Types (active listings)

Koreatown Homes for Sale

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New

$699,000

3223 W 6th Street # 507, Los Angeles

1 Bed 2 Baths 1,100 SqFt Residential MLS® # 23253912

David Shin Dream Realty Asset Mgt, Inc.

New

$1,590,000

3785 Wilshire Boulevard # 1701, Los Angeles

3 Beds 3 Baths 1,730 SqFt Residential MLS® # OC23048156

John Lee Erica Lee 213-255-1101

New

$525,000

729 S Hobart Boulevard # 17, Los Angeles

2 Beds 2 Baths 1,095 SqFt Residential MLS® # 23251651

Lauren Narozniak Pardee Properties

New

$519,000

3810 Wilshire Boulevard # 609, Los Angeles

1 Bed 1 Bath 710 SqFt Residential MLS® # 23253181

Moon Sun Kim Keller Williams Downtown LA

$935,000

820 S Wilton Place # 404, Los Angeles

3 Beds 2 Baths 0 SqFt Residential MLS® # 23249165

James In Ha Realtex Properties

New

$1,895,000

235 N St Andrews Place, Los Angeles

3 Beds 3 Baths 2,280 SqFt Residential MLS® # 23245843

Diana Knox AKGRE Inc

New

$1,180,000

4568 W 1st Street # 307, Los Angeles

2 Beds 2 Baths 1,641 SqFt Residential MLS® # PW23045399

Susan Nam Realty Masters & Associates 213-675-8389

$13,900,000

2816 San Marino Street, Los Angeles

0 Beds 0 Baths 21,402 SqFt Residential Income MLS® # 23251835

Neema Ahadian Marcus & Millichap

$9,800,000

147 S Normandie Avenue, Los Angeles

0 Beds 0 Baths 22,864 SqFt Residential Income MLS® # 23251831

Neema Ahadian Marcus & Millichap

$10,900

4016 Wilshire Boulevard, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # 23248713

Erik Flexner Coldwell Banker Realty

$30

425 Shatto Place, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # 23246521

Steve Chang Keller Williams Beverly Hills

$8,700,000

3225 W Olympic Boulevard, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # 23240833

Mark Hong KORUS Real Estate

$1,550,000

213 S New Hampshire Avenue, Los Angeles

0 Beds 0 Baths 5,254 SqFt Residential Income MLS® # 23250281

Herbert L Mcgurk Coldwell Banker Realty

$2,500,000

810 S Wilton Place, Los Angeles

24 Beds 0 Baths 2,071 SqFt Residential MLS® # 23249683

Dana Park Litenew Realty

$3,499,000

222 S Gramercy Place, Los Angeles

6 Beds 7 Baths 4,705 SqFt Residential MLS® # 23247343

Alphonso Lascano Carolwood Estates

$2,495,000

↑ $100,000

830 S Norton Avenue, Los Angeles

0 Beds 0 Baths 4,088 SqFt Residential Income MLS® # 23248313

Sunhee Kilmer Masters Realty & Investment

$2,890,000

326 S Wilton Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # PW23037840

Soo Yeol Oh New Star Realty & Investment 714-514-4989

$665,000

727 S Ardmore Avenue # 802, Los Angeles

2 Beds 2 Baths 1,525 SqFt Residential MLS® # SR23037200

Hanvid Kim Compass 818-903-1541

$4,900,000

901 S Vermont Avenue, Los Angeles

0 Beds 0 Baths 12,780 SqFt Residential Income MLS® # 23248249

Filip Niculete Marcus & Millichap

$269,000

↓ $76,000

729 S Hobart Boulevard # 9, Los Angeles

1 Bed 1 Bath 789 SqFt Residential MLS® # 23246821

Rhett Richar Winchell Kennedy Wilson Real Estate Sales & Marke

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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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