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
Highest Price	$23M
Total Listings	122
Avg. Days On Market	119
Avg. Price/SQFT	$619

Property Types (active listings)

Koreatown Homes for Sale

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New

$1,179,000

220 Edgemont Street, Los Angeles

4 Beds 2 Baths 3,056 SqFt Residential Income MLS® # 25477511

Grant Linscott Keller Williams Realty Los Feliz

$2,370

991 Vermont Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # PW23188792

Jw Lee Lifetime Realty Inc

New

$479,000

358 Gramercy Place # 304, Los Angeles

1 Bed 2 Baths 858 SqFt Residential MLS® # SR25004615

Rodrigo Suerte Felipe eXp Realty of California Inc

New

$905,000

821 Gramercy Place # 2, Los Angeles

3 Beds 3 Baths 1,631 SqFt Residential MLS® # 25482061

Max Lee Real Broker

New

$5,250,000

204 Manhattan Place, Los Angeles

10 Beds 9 Baths 12,628 SqFt Residential Income MLS® # 25482069

Armin Soleimani Global Platinum Properties, Inc.

New

$2,390,000

743 Harvard Boulevard, Los Angeles

8 Beds 8 Baths 5,855 SqFt Residential Income MLS® # 25480133

Johnny Cho Keller Williams Realty Los Feliz

New

$1,599,000

3785 Wilshire Boulevard # 2211, Los Angeles

2 Beds 3 Baths 1,690 SqFt Residential MLS® # 25479787

Audrey Jung B & B Investment Properties

New

$499,000

4255 5th Street # 209, Los Angeles

1 Bed 1 Bath 713 SqFt Residential MLS® # 25479941

Roseanne Clawson Coldwell Banker Realty

New

$1,090,000

321 Oxford Avenue # 603, Los Angeles

3 Beds 2 Baths 1,600 SqFt Residential MLS® # 25481263

Erica Sook Jung Dream Realty & Investments Inc

New

$399,900

525 Ardmore Avenue # 160, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # SR25007134

Henry Hernandez Champion Realty

New

$3,300,000

941 Gramercy Place, Los Angeles

12 Beds 12 Baths 0 SqFt Residential Income MLS® # MB25006979

Alfredo Guerra GEORGE MICHAEL REALTY

$1,650,000

206 Wilton Place, Los Angeles

3 Beds 3 Baths 2,000 SqFt Residential MLS® # 25478759

Alessandra Ferracuti Compass

$825,000

3810 Wilshire Boulevard # 2107, Los Angeles

2 Beds 2 Baths 1,180 SqFt Residential MLS® # 25478701

Robert Yun NET Properties

$370,000

620 Gramercy Place # 223, Los Angeles

0 Beds 1 Bath 552 SqFt Residential MLS® # 25478017

Barbara Allen Coldwell Banker Realty

$5,975,000

4201 Council, Los Angeles

7 Beds 7 Baths 8,677 SqFt Residential Income MLS® # 25478099

Armin Soleimani Global Platinum Properties, Inc.

$599,000

320 Gramercy Place # 105, Los Angeles

2 Beds 2 Baths 917 SqFt Residential MLS® # 25478095

Mark Meyer Nourmand & Associates-HW

$2,199,000

913 Wilton Place, Los Angeles

10 Beds 7 Baths 0 SqFt Residential Income MLS® # SR25003191

Seung Soo "eric" Min Dream Realty & Investments, Inc.

$1,375,000

146 Berendo Street, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 25477901

Vlad Gold Gold Group Realty, Inc.

$465,000

320 Gramercy Place # 302, Hancock Park

1 Bed 1 Bath 657 SqFt Residential MLS® # BB25003806

Ana Cecilia Dowling Dowling Realty, Inc

$4,950,000

205 Kenmore Avenue, Los Angeles

0 Beds 1 Bath 15,408 SqFt Residential Income MLS® # 25477473

Neema Ahadian Marcus & Millichap

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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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