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	$1.4M
Lowest Price	$150K
Highest Price	$6.2M
Total Listings	98
Avg. Days On Market	117
Avg. Price/SQFT	$661

Property Types (active listings)

Koreatown Homes for Sale

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Bathrooms

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New

$458,800

435 S Virgil Avenue # 226, Los Angeles

2 Beds 2 Baths 838 SqFt Residential MLS® # 21108229

$2,100,000

101 S Mariposa, Los Angeles

4 Beds 2 Baths 1,890 SqFt Residential MLS® # CV21218540

$2,100,000

101 S Mariposa, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # CV21218700

$709,000

456 Shatto Place # 6, Los Angeles

3 Beds 3 Baths 1,259 SqFt Residential MLS® # 21787630

$2,200,000

154 N Normandie Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 21792646

New

$489,000

315 S Harvard Boulevard # 204, Los Angeles

1 Bed 1 Bath 741 SqFt Residential MLS® # 21107887

New

$719,000

625 S Berendo Street # 211, Los Angeles

3 Beds 2 Baths 1,360 SqFt Residential MLS® # 21107645

New

$385,000

525 S Ardmore Avenue # 216, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # 21107459

$4,600,000

810 S St Andrews Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 21107176

$679,000

332 S Kingsley Drive # 105, Los Angeles

2 Beds 2 Baths 1,107 SqFt Residential MLS® # 21105405

$769,000

105 S Mariposa Avenue # 506, Los Angeles

2 Beds 2 Baths 1,154 SqFt Residential MLS® # 21105569

$2,000,000

336 S Wilton Place, Los Angeles

0 Beds 0 Baths 0 SqFt Residential Income MLS® # 21106015

$510,000

3810 Wilshire Boulevard # 903, Los Angeles

1 Bed 1 Bath 690 SqFt Residential MLS® # 21106165

$499,000

358 S Gramercy Place # 207, Los Angeles

1 Bed 1 Bath 792 SqFt Residential MLS® # 21106001

$528,800

444 S Gramercy Place # 1, Los Angeles

2 Beds 2 Baths 1,069 SqFt Residential MLS® # 21799478

$760,000

3970 Ingraham Street # 103, Los Angeles

3 Beds 2 Baths 1,474 SqFt Residential MLS® # 21104719

$534,900

424 S Westmoreland Avenue # 209, Los Angeles

2 Beds 2 Baths 1,034 SqFt Residential MLS® # 21104579

$785,000

727 S Ardmore Avenue # 304, Los Angeles

2 Beds 2 Baths 1,546 SqFt Residential MLS® # 21799214

$2,700,000

234 S Oxford Avenue, Los Angeles

3 Beds 3 Baths 3,816 SqFt Residential MLS® # 21767786

$699,000

3140 San Marino Street # 201, Los Angeles

3 Beds 2 Baths 1,230 SqFt Residential MLS® # 21103403

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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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