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	$1.5M
Lowest Price	$3
Highest Price	$11M
Total Listings	168
Avg. Days On Market	111
Avg. Price/SQFT	$597

Property Types (active listings)

Koreatown Homes for Sale

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Bathrooms

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$2,790,000

406 S St Andrews Place, Los Angeles

0 Beds 0 Baths 10,868 SqFt Residential Income MLS® # 25626247

Tony Azzi Tony Azzi

New

$675,000

3810 Wilshire Boulevard # 804, Los Angeles

2 Beds 2 Baths 1,010 SqFt Residential MLS® # 25624629

Young Lim Ivy Realty Co.

New

$699,000

3810 Wilshire Boulevard # 408, Los Angeles

2 Beds 2 Baths 1,000 SqFt Residential MLS® # 25625869

Max Lee Real Broker

New

$1,895,000

541 S Normandie Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Sale MLS® # 25616137

Keyvan Moradian Moradian Enterprises, Inc.

New

$799,000

727 S Ardmore Avenue # 802, Los Angeles

2 Beds 2 Baths 1,525 SqFt Residential MLS® # 25624709

Woojin Jang Dream Realty & Investments Inc

New

$1,849,000

450 S Serrano Avenue, Los Angeles

4 Beds 5 Baths 3,884 SqFt Residential MLS® # 25623813

Hong Yeol Kim Dream Realty & Investments Inc

New

$5,600,000

4201 W Council Street, Los Angeles

12 Beds 12 Baths 8,677 SqFt Residential Income MLS® # 25624535

Julio Ruiz Global Platinum Properties, Inc.

New

$2,500,000

505 S Serrano Avenue, Los Angeles

1 Bed 2 Baths 10,036 SqFt Residential Income MLS® # 25624117

Neema Ahadian Marcus & Millichap

New

$344,000

320 S Ardmore Avenue # 236, Los Angeles

1 Bed 1 Bath 566 SqFt Residential MLS® # 25623893

Justin Marlang Equity Union

$1,539,000

151 N Harvard Boulevard, Los Angeles

5 Beds 4 Baths 2,598 SqFt Residential MLS® # 25623385

Julie Lee I&J Properties

$740,000

956 S Wilton Place # 305, Los Angeles

2 Beds 2 Baths 1,410 SqFt Residential MLS® # 25621739

Litta Lee Coldwell Banker Realty

$485,000

446 S St Andrews, Los Angeles

1 Bed 1 Bath 848 SqFt Residential MLS® # PW25265283

Christy Na Dream ERE

$1,220,000

320 S Kingsley, Los Angeles

3 Beds 3 Baths 2,328 SqFt Residential MLS® # WS25265117

Xiaoxi Shang Pros Group Inc

$380,000

525 S Ardmore Avenue # 336, Los Angeles

1 Bed 1 Bath 580 SqFt Residential MLS® # PW25263626

Christina Kim New Star Realty & Investment

$429,000

↓ $10,000

533 S St Andrews Place # 203, Los Angeles

1 Bed 1 Bath 795 SqFt Residential MLS® # 25618019

Christina Kim Keller Williams Larchmont

$799,000

727 S Ardmore Avenue # 1002, Los Angeles

2 Beds 2 Baths 1,470 SqFt Residential MLS® # 25620977

Johnny Cho Keller Williams Realty Los Feliz

$1,290,000

3785 Wilshire Boulevard # 1001, Los Angeles

3 Beds 3 Baths 1,700 SqFt Residential MLS® # 25620115

Jae Eun Jasmine Lee Dream Realty & Investments Inc

$4,760

132 N Western Avenue, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # 25620309

Max Lee Real Broker

$15,394

3505 W 6th Street, Los Angeles

0 Beds 0 Baths 0 SqFt Commercial Lease MLS® # 25620339

Max Lee Real Broker

$3,250,000

221 S St Andrews Place, Los Angeles

4 Beds 4 Baths 3,256 SqFt Residential MLS® # 25620335

D. Peter Mac The Agency

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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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