Koreatown (KREA) Homes with Apartment Subtype

Welcome to Koreatown, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its dynamic blend of tradition and modernity, Koreatown (KREA) is a bustling hub that offers an eclectic mix of restaurants, shops, and entertainment options, making it one of the most sought-after areas to live in Los Angeles.

Koreatown is famous for its diverse culinary scene, featuring everything from authentic Korean BBQ to trendy cafes and dessert spots. The area thrives with energy, boasting a lively nightlife with karaoke bars and lounges that keep the spirit of the neighborhood alive well into the night. With its central location, residents enjoy easy access to the city’s major attractions, including downtown LA, Hollywood, and the iconic Griffith Park.

For those considering a home in this vibrant locale, Koreatown offers a variety of apartment options that cater to different lifestyles and budgets. The homes here often feature modern amenities, spacious layouts, and stunning views of the city skyline. Whether you’re looking for a cozy studio or a multi-bedroom apartment, the diverse housing market in Koreatown ensures there’s something for everyone.

Living in Koreatown means embracing a lifestyle filled with cultural experiences, community events, and a strong sense of belonging. With its rich heritage and contemporary flair, it’s no wonder that Koreatown is a prime destination for both young professionals and families alike. Discover your perfect apartment in this enchanting neighborhood and become part of the vibrant tapestry that is Koreatown!

Newest Koreatown (KREA) Homes with Apartment Subtype

$1,300,000

PW26165346 MLS ⋅ Active Status

This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The total asking price for all five parcels is $6.5 million. The seller is not willing to sell the properties individually. The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots. The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location. The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for approximately 175 residential units. All five parcels must be sold together. This is an exceptional opportunity for developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.

2842 W Pico, Los Angeles

$1,384,000

SR26132353 MLS ⋅ Active Status

The Berendo property currently consists of a turn-key ten multifamily units zoned LAR4-2, high density offering solid redevelopment potential. LAR4-2 zoning in Los Angeles permits high-density residential development, including apartment houses, multiple dwellings, and mixed use projects. The "LAR4" portion allows for 1 dwelling unit per 400 sq. ft. of lot area, while the "2" indicates a Height District 2 designation, generally allowing for unlimited height. Approximately 28% upside in rents. Separately metered for gas and electric. Individual water heaters. Pitched built up roof, raised foundation, gated. Fourteen parking spaces with new automatic gate. Well maintained property. Professionally managed. Excellent transportation. 96 Walkscore. Most recent single unit rented at $1,475 (June 2026). Newly reconstructed second floor exterior walkway. One block from Robert F. Kennedy Community School. Gated frontage and entry. Low maintenance landscaping. Unit mix consists of two, one bedroom units and eight large singles with kitchens. Can be delivered with two vacancies. Gross Rent Multiplier 9.71 at current rents, 7.54 at market. Capitalization rate 5.71% current, 8.16% at market. $138,400 cost per unit. $212 cost per square foot. Current rent per square foot at $2.03, estimated rent per square foot at market $2.67. Large lot with most parking leased separately.

749 S Berendo, Los Angeles

$1,600,000

SR26023394 MLS ⋅ Active Status

The well-maintained building and units at 1148 FEDORA ST ensure a rare investment opportunity, while 100% occupancy reflects the property's strong rental appeal. With six units currently leased well below market rates, there is significant value-add potential and substantial rental upside for investors looking to increase income and maximize returns. Located in one of the most desirable streets in the Olympic-Wilshire area and with a 91 Walkability Score, this building has enjoyed both low tenant turnover and high rental demand. Convenient to freeways, top-rated restaurants, shopping, public transportation, nightlife and more. Don't miss this rare opportunity to acquire a high-performing asset with long-term appreciation potential. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. The property may have video/surveillance device

1148 Fedora, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.