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	$2.1M
Lowest Price	$2.3K
Highest Price	$28.5M
Total Listings	135
Avg. Days On Market	97
Avg. Price/SQFT	$603

Property Types (active listings)

Koreatown Homes for Sale

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New

$1,495,000

721 Gramercy Drive, Los Angeles

4 Beds 2 Baths 1,817 SqFt Residential MLS® # 24417079

Christina Graziano Keller Williams Beverly Hills

New

$1,850,000

810 Gramercy Drive, Los Angeles

4 Beds 2 Baths 2,024 SqFt Residential MLS® # OC24149092

Cecilia Lee Re/Max Premier Realty

$695,000

966 St Andrews Place # 202, Los Angeles

2 Beds 2 Baths 1,150 SqFt Residential MLS® # 24417177

Max Lee Real Broker

New

$4,750,000

233 Kenmore Avenue, Los Angeles

0 Beds 1 Bath 15,408 SqFt Residential Income MLS® # 24418321

Daniel Bahr CORE Commercial Real Estate, Inc.

New

$2,395,000

121 New Hampshire Avenue, Los Angeles

8 Beds 8 Baths 6,711 SqFt Residential Income MLS® # 24415626

Shiva Mehrdad Power Brokers

$1,250,000

3785 Wilshire Boulevard # 2107, Los Angeles

2 Beds 2 Baths 1,360 SqFt Residential MLS® # 24391747

Bo Hyeok Kim Coldwell Banker Realty

New

$150,000

928 Western Avenue # 349, Los Angeles

0 Beds 0 Baths 0 SqFt Business Opportunity MLS® # SB24149938

Daniel Ahn New Star Realty & Investment

New

$799,000

105 Mariposa Avenue # 509, Los Angeles

2 Beds 2 Baths 1,085 SqFt Residential MLS® # 24416639

Sukyoung Lee Redpoint Realty

New

$910,000

155 Oxford Avenue # Ph3, Los Angeles

3 Beds 2 Baths 1,344 SqFt Residential MLS® # PF24146760

Sang Ur Redfin Corporation

$12,380,000

130 Alexandria Avenue, Los Angeles

1 Bed 1 Bath 36,012 SqFt Residential Income MLS® # 24416557

Priscilla Nee CB Richard Ellis, Inc.

$679,000

733 Manhattan Place # 501, Los Angeles

2 Beds 2 Baths 1,090 SqFt Residential MLS® # 24416475

Litta Lee Coldwell Banker Realty

$565,000

514 Harvard Boulevard # 204, Los Angeles

2 Beds 2 Baths 1,183 SqFt Residential MLS® # 24415587

Anna Lee Keller Williams Larchmont

$6,100,000

201 Normandie Avenue, Los Angeles

6 Beds 6 Baths 8,677 SqFt Residential Income MLS® # 24415557

Armin Soleimani Global Platinum Properties, Inc.

$649,000

966 St Andrews Place # 102, Los Angeles

2 Beds 2 Baths 1,150 SqFt Residential MLS® # 24411221

Sukyoung Lee Redpoint Realty

$775,000

3810 Wilshire Boulevard # 804, Los Angeles

2 Beds 2 Baths 1,010 SqFt Residential MLS® # 24415529

Young Lim Ivy Realty Co.

$2,100,000

867 Bronson Avenue, Los Angeles

4 Beds 3 Baths 2,432 SqFt Residential MLS® # 24415186

Gilbert Ghil California Bridge Realty

$398,000

514 Harvard Boulevard # 208, Los Angeles

1 Bed 1 Bath 743 SqFt Residential MLS® # GD24134551

Elissa Chow Beverly and Company, Inc.

$1,275,000

115 Manhattan Place, Los Angeles

3 Beds 4 Baths 1,866 SqFt Residential MLS® # 24414313

Karla Reuben Compass

$28,520,000

955 Fedora Street, Los Angeles

3 Beds 4 Baths 51,745 SqFt Residential Income MLS® # 24413785

Neema Ahadian Marcus & Millichap

$310,000

↑ $11,000

525 Ardmore Avenue # 143, Los Angeles

1 Bed 1 Bath 368 SqFt Residential MLS® # CV24142055

Jack Strickland RE/MAX INNOVATIONS

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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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