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	$120K
Highest Price	$12M
Total Listings	95
Avg. Days On Market	119
Avg. Price/SQFT	$696

Property Types (active listings)

Koreatown Homes for Sale

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New

$465,000

525 S Ardmore Avenue # 256, Los Angeles

1 Bed 1 Bath 640 SqFt Residential MLS® # SR22101307

Karo Karapetyan Blackstone Estates, Inc.

New

$6,200,000

935 S Mariposa Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22160859

Andrew Cha Andrew Cha

New

$3,000,000

450 S Manhattan Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22160807

Andrew Cha Andrew Cha

New

$1,425,000

137 N Berendo Street, Los Angeles

4 Beds 2 Baths 3,024 SqFt Residential MLS® # 22160491

Adam Shamooelian Keller Williams Beverly Hills

New

$694,999

214 S Alexandria Avenue # 103, Los Angeles

2 Beds 2 Baths 1,310 SqFt Residential MLS® # SR22110078

Roman Carroll Redfin Corporation

New

$1,069,000

900 S Kenmore Avenue # Ph2, Los Angeles

2 Beds 3 Baths 1,535 SqFt Residential MLS® # 22160139

Dongjun Kim Dream Realty Asset Mgt, Inc.

New

$780,000

540 S Kenmore Avenue # 204, Los Angeles

2 Beds 2 Baths 1,250 SqFt Residential MLS® # P1-9663

Steve Lee SK Realtors

New

$889,000

332 S Oxford Avenue # 401, Los Angeles

3 Beds 2 Baths 1,580 SqFt Residential MLS® # 22153889

Jonathan Wright Coldwell Banker Realty

New

$1,800,000

932 S Gramercy Drive, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22159587

Max Lee eXp Realty of California Inc

New

$895,000

3810 Wilshire Boulevard # 2201, Los Angeles

2 Beds 2 Baths 1,080 SqFt Residential MLS® # 22141722

Ken Kim Dream Realty Asset Mgt, Inc.

New

$749,000

456 Shatto Place # 19, Los Angeles

3 Beds 3 Baths 1,259 SqFt Residential MLS® # SR22106106

Helen Choo Helen Choo

New

$5,000,000

741 S Hobart Boulevard, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22156747

Audrey Jung B & B Investment Properties

New

$965,000

3223 W 6th Street # 906, Los Angeles

2 Beds 3 Baths 1,770 SqFt Residential MLS® # 22158827

Dae Young Hur Keller Williams Larchmont

$2,200,000

811 S Vermont Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 22115463

Mijung Lee Dream Realty Asset Mgt, Inc.

$469,000

620 S Gramercy Place # 431, Los Angeles

0 Beds 1 Bath 602 SqFt Residential MLS® # 22158521

Miriam Song Landpac Properties

$120,000

3680 Wilshire # 501, Los Angeles

0 Beds 0 Baths 0 SqFt Business Opportunity MLS® # PW22102941

Ki Bom Kim Credent Real Estate

$1,995,000

206 N Wilton Place, Los Angeles

3 Beds 2 Baths 1,864 SqFt Residential MLS® # 22154715

Diana Knox Compass

$549,000

500 S Berendo Street # 103, Los Angeles

1 Bed 1 Bath 795 SqFt Residential MLS® # 22156795

Max Lee eXp Realty of California Inc

$399,000

320 S Ardmore Avenue # 207, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # 22156467

Elijah Shin Dream Realty Asset Mgt, Inc.

$1,049,000

3223 W 6th Street # 1005, Los Angeles

2 Beds 3 Baths 1,740 SqFt Residential MLS® # 22156621

Stephanie Hahm Dream Realty Asset Mgt, Inc.

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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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