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	$2.4M
Lowest Price	$50K
Highest Price	$29M
Total Listings	73
Avg. Days On Market	154
Avg. Price/SQFT	$634

Property Types (active listings)

Koreatown Homes for Sale

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New

$13,000,000

324 S Catalina Street, Los Angeles

0 Beds 0 Baths 22,904 SqFt Residential Income MLS® # 22222427

Roderick 'rick' Raymundo Marcus & Millichap

New

$459,000

360 S Kenmore Avenue # 203, Los Angeles

1 Bed 1 Bath 751 SqFt Residential MLS® # DW22248921

Esther Kaveney eXp Realty of California Inc.

$1,100,000

2961 W 8th Street, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 22179263

Neema Ahadian Marcus & Millichap

New

$4,500,000

854 S Normandie Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 22221437

Sara Joata The Agency

$420,000

525 S Ardmore Avenue # 316, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # 22221057

Alexis Kim Coldwell Banker Exclusive

New

$950,000

↓ $20,000

3223 W 6th Street # 1005, Los Angeles

2 Beds 3 Baths 1,740 SqFt Residential MLS® # 22221083

Dongjun Kim Dream Realty Asset Mgt, Inc.

$675,000

3132 San Marino Street, Los Angeles

2 Beds 2 Baths 1,183 SqFt Residential MLS® # SR22246850

Brandon Ilic Keller Williams Realty Antelope Valley

$1,550,000

132 S Kenmore Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # WS22244255

Sam Lee Your Home Sold Guaranteed Rlty

$535,000

4255 W 5th Street # 201, Los Angeles

2 Beds 2 Baths 914 SqFt Residential MLS® # WS22242676

Sheri Ruiz MUELLER REALTY

$1,190,000

↓ $100,000

4108 Council Street, Los Angeles

0 Beds 0 Baths 3,372 SqFt Residential Income MLS® # 22218129

Won M (sean) Her Herlee Properties

$29,000,000

749 Gramercy Drive, Los Angeles

0 Beds 0 Baths 35,800 SqFt Residential Income MLS® # 22217293

Paul Schon ST Realty, Inc

$175,000

3700 Beverly Boulevard, Los Angeles

0 Beds 0 Baths 0 SqFt Business Opportunity MLS® # GD22239533

Edward Hakopian Basco Investment Group

$1,389,000

↓ $86,000

206 N Mariposa Avenue, Los Angeles

4 Beds 3 Baths 1,528 SqFt Residential MLS® # 22216789

Kaela Whelan Compass

$870,000

4568 W 1st Street # 210, Los Angeles

2 Beds 2 Baths 1,570 SqFt Residential MLS® # 22216105

Robert Hyung Paik Omni Realty & Investment Group

$1,650,000

837 S Kingsley Drive, Los Angeles

8 Beds 4 Baths 2,919 SqFt Residential MLS® # SB22235469

Esther Kim Home Team Realty

$2,990,000

326 S Wilton Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # PW22234240

Soo Yeol Oh New Star Realty & Investment

$3,180,000

827 Fedora Street # 9, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # AR22233480

Young Ahn Century 21 Ludecke Inc.

$1,180,000

4180 Wilshire Boulevard # 302, Los Angeles

3 Beds 3 Baths 1,790 SqFt Residential MLS® # SR22232651

Anna Kim Hampton Realty & Investment

$598,000

↓ $10,000

970 S Kingsley Drive # 108, Los Angeles

2 Beds 2 Baths 1,177 SqFt Residential MLS® # 22211985

Elijah Shin Dream Realty Asset Mgt, Inc.

$599,000

3810 Wilshire Boulevard # 1406, Los Angeles

1 Bed 1 Bath 830 SqFt Residential MLS® # 22184511

K. Christina Hyon Urban Real Estate, 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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