Koreatown (KREA) Homes with Multi Family Subtype

Welcome to Koreatown (KREA), a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its bustling atmosphere, Koreatown is a melting pot of diverse cultures, delicious culinary offerings, and a thriving community spirit. With its unique blend of historic charm and modern conveniences, this area is fast becoming one of the most sought-after locations for homebuyers and investors alike.

Koreatown boasts an eclectic mix of architectural styles, with a notable emphasis on multi-family homes. These properties are perfect for those looking to maximize their investment potential or create a multi-generational living environment. From stylish apartment complexes to charming duplexes, the multi-family homes in Koreatown offer flexibility and opportunity for a variety of lifestyles.

Living in Koreatown means having access to an array of amenities right at your doorstep. Enjoy a plethora of dining options, ranging from traditional Korean BBQ to trendy cafes and international cuisine. The neighborhood is also home to vibrant nightlife, with numerous bars and entertainment venues that cater to all tastes. Plus, with convenient access to public transportation and major freeways, commuting to downtown Los Angeles or other parts of the city is a breeze.

Whether you are an investor seeking to capitalize on the booming rental market or a family looking for a welcoming community, Koreatown’s multi-family homes provide an ideal opportunity. Embrace the dynamic lifestyle that this incredible neighborhood has to offer, and discover your next home in Koreatown, where culture meets convenience!

Newest Koreatown (KREA) Homes with Multi Family Subtype

$1,999,999

SB26116412 MLS ⋅ Active Status

1035 W 17th Street is Rare Value-Add Multifamily Opportunity Near DTLA & Koreatown! Fully occupied 12-unit investment property located in the highly sought-after Pico-Union submarket, just minutes from Downtown Los Angeles, Koreatown, and USC. This stabilized asset offers immediate cash flow with approximately $112,000 NOI and a 5.63% CAP rate, while presenting a compelling opportunity to increase revenue through rental repositioning. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property benefits from strong in-place occupancy, consistent tenant demand, and a strategic location within one of Los Angeles' most active rental corridors. Investors will appreciate the combination of stable income today and significant upside tomorrow, with a projected 8–9% Pro Forma CAP rate through future rent growth. Opportunities to acquire a 100% occupied, cash-flowing 12-unit asset near DTLA at this price point are increasingly limited. Ideal for investors seeking immediate yield, long-term appreciation, and value-add potential in a high-demand urban market.

1035 W 17th, 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.