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	$1.5M
Lowest Price	$2.3K
Highest Price	$5M
Total Listings	118
Avg. Days On Market	91
Avg. Price/SQFT	$620

Property Types (active listings)

Koreatown Homes for Sale

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Bathrooms

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New

$839,000

700 Ardmore Avenue # 402, Los Angeles

2 Beds 2 Baths 1,490 SqFt Residential MLS® # 24386679

Audrey Jung B & B Investment Properties

New

$1,752,000

132 Kenmore Avenue, Los Angeles

12 Beds 8 Baths 6,844 SqFt Residential Income MLS® # 24390236

Vinnie Park Keller Williams Larchmont

New

$2,335

991 Vermont Avenue # 201, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # PW24094691

Jw Najulee Lifetime Realty Inc

New

$859,900

848 Irolo Street # 508, Los Angeles

3 Beds 2 Baths 1,640 SqFt Residential MLS® # 24389699

Lilian Han Dream Realty & Investments Inc

New

$644,500

500 Berendo Street # 312, Los Angeles

2 Beds 2 Baths 1,201 SqFt Residential MLS® # GD24092624

Danny Nicolas Realty Classics

New

$1,299,000

971 3rd Avenue, Los Angeles

4 Beds 2 Baths 2,214 SqFt Residential MLS® # 24389327

Leah Melika Compass

New

$432,000

620 Gramercy Place # 131, Los Angeles

0 Beds 1 Bath 482 SqFt Residential MLS® # 24388527

Jane Lee Highland Premiere Real Estate

$469,000

533 St Andrews Place # 205, Los Angeles

1 Bed 1 Bath 715 SqFt Residential MLS® # 24388805

Annie Lee Keller Williams Larchmont

New

$799,000

821 Gramercy Place # 2, Los Angeles

3 Beds 2 Baths 1,631 SqFt Residential MLS® # 24388445

Daniel Kim CenoCORE,Inc.

$890,000

3810 Wilshire Boulevard # 1512, Los Angeles

2 Beds 2 Baths 1,290 SqFt Residential MLS® # 24387925

Robert Yun NET Properties

$1,600,000

229 Catalina Street, Los Angeles

8 Beds 4 Baths 0 SqFt Residential Income MLS® # OC24089402

Keven Stirdivant KASE Real Estate, Inc.

$500,000

211 Berendo Street # 7, Los Angeles

1 Bed 1 Bath 726 SqFt Residential MLS® # BB24083090

Russell Dunn Redfin Corporation

$690,000

620 Gramercy Place # 406, Los Angeles

2 Beds 2 Baths 1,038 SqFt Residential MLS® # PW24089203

Susan Nam Realty Masters & Associates

$930,000

332 Oxford Avenue # 105, Los Angeles

3 Beds 2 Baths 1,610 SqFt Residential MLS® # PF24086733

Patricia Fluhr Berkshire Hathaway Home Serv.

$585,000

514 Harvard Boulevard # 204, Los Angeles

2 Beds 2 Baths 1,183 SqFt Residential MLS® # 24386155

Anna Lee Keller Williams Larchmont

$760,000

980 Oxford Avenue # 103, Los Angeles

3 Beds 2 Baths 1,324 SqFt Residential MLS® # 24387035

Helen Kim Dream Realty & Investments Inc

$1,749,000

939 3rd Avenue, Los Angeles

4 Beds 3 Baths 2,487 SqFt Residential MLS® # 24386803

Jin Seo Redpoint Realty

$1,998,800

725 Norton Avenue, Los Angeles

5 Beds 3 Baths 3,000 SqFt Residential MLS® # PW24087522

Tammy Kim Tammy Kim, Broker

$830,000

901 Gramercy Drive # 303, Los Angeles

2 Beds 2 Baths 1,360 SqFt Residential MLS® # 24386383

Hyunsik Yoon NEOZIPS, Inc.

$770,000

961 Manhattan Place # 3, Los Angeles

3 Beds 3 Baths 1,354 SqFt Residential MLS® # PW24063837

Soya Yoon New Star Realty & Investment

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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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