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	$1.8M
Lowest Price	$2
Highest Price	$14.3M
Total Listings	175
Avg. Days On Market	93
Avg. Price/SQFT	$577

Property Types (active listings)

Koreatown Homes for Sale

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New

$2,199,000

940 Westchester Place, Los Angeles

5 Beds 3 Baths 2,647 SqFt Residential MLS® # 26685647

Alex Quaid The Agency

New

$329,900

525 S Ardmore Avenue # 242, Los Angeles

1 Bed 1 Bath 580 SqFt Residential MLS® # 26691515

Philip Boroda Coldwell Banker Realty

$635,000

733 S Manhattan Place # 402, Los Angeles

2 Beds 2 Baths 1,150 SqFt Residential MLS® # 26672901

Sam Cheol Shin Bee Investment, Inc.

New

$835,000

321 S Oxford Avenue # 606, Los Angeles

2 Beds 2 Baths 1,063 SqFt Residential MLS® # 26688789

Elijah Shin Dream Realty & Investments Inc

New

$549,000

533 S St Andrews Place # 220, Los Angeles

2 Beds 2 Baths 972 SqFt Residential MLS® # 26673241

Kay Kyung Park Dream Realty & Investments Inc

New

$6,900,000

3625 W 6th Street, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # 26673971

Bill Friedman Coldwell Banker Realty

New

$1,660,000

173 S Kingsley Drive, Los Angeles

3 Beds 4 Baths 2,120 SqFt Residential MLS® # 26673625

Elijah Shin Dream Realty & Investments Inc

New

$590,000

631 S Kenmore Avenue # 106, Los Angeles

2 Beds 2 Baths 1,199 SqFt Residential MLS® # 26673585

Hye Kyung Hwang Redpoint Realty

New

$2,899,000

138 N Wilton Place, Los Angeles

4 Beds 4 Baths 3,208 SqFt Residential MLS® # 26667505

Davina O’donnell Berkshire Hathaway HomeServices California Properties

New

$988,200

904 S New Hampshire Avenue # Ph-2, Los Angeles

2 Beds 2 Baths 1,336 SqFt Residential MLS® # 26673627

Brandon J. Park RISE real estate company

$1,920,000

942 S Bronson Avenue, Los Angeles

4 Beds 4 Baths 2,664 SqFt Residential MLS® # 26673511

Yun Young Kwag New Star Realty

$749,000

3810 Wilshire # 1904, Los Angeles

2 Beds 2 Baths 1,106 SqFt Residential MLS® # PW26069513

Steven Kim Pioneer Realty & Inv, Inc

$569,000

3810 Wilshire Boulevard # 1706, Los Angeles

1 Bed 1 Bath 830 SqFt Residential MLS® # 26673053

Peter Paik Epique Realty

$1,650,000

705 S Gramercy Place, Los Angeles

6 Beds 4 Baths 3,640 SqFt Residential Income MLS® # 26672721

Jamie Lee I & J Properties, Inc.

$1,690,000

115 N Western Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # 26672427

Mijeong Kim Mi Jeong Kim

$9,600

115 N Western Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # 26672433

Mijeong Kim Mi Jeong Kim

$3,300,000

734 S Manhattan Place, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # 26672299

Don Favia Realty Investment Advisors, Inc.

$1,200,000

178 N Mariposa Avenue, Los Angeles

3 Beds 2 Baths 1,608 SqFt Residential MLS® # 26671543

Bernadette Advincula Keller Williams Realty

New

$695,000

920 S Serrano Avenue, Los Angeles

1 Bed 1 Bath 1,048 SqFt Residential MLS® # 26671025

Ilana Gafni Crosby Doe Associates, Inc.

$1,895,000

144 S Catalina, Los Angeles

0 Beds 0 Baths 0 SqFt Land MLS® # SR26068419

Rana Khanjani Sync Brokerage

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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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