Koreatown (KREA) Homes with Apartment Subtype

Welcome to Koreatown (KREA), a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its dynamic atmosphere and diverse community, Koreatown is a melting pot of cultures, making it one of the most exciting places to live in the City of Angels. With its bustling streets filled with an array of restaurants, cafes, and shops, residents enjoy a unique blend of traditional and modern experiences.

Koreatown is renowned for its culinary scene, offering everything from authentic Korean barbecue to trendy fusion eateries. The area is also home to an impressive selection of nightlife options, including karaoke bars, lounges, and entertainment venues, ensuring there’s always something to do. For those who appreciate the arts, the neighborhood hosts various cultural events and festivals throughout the year, celebrating its rich heritage.

When it comes to housing, Koreatown offers a diverse array of options, particularly in the apartment subtype. Here, you’ll find modern high-rises with stunning views of the city skyline, as well as charming vintage buildings that reflect the area’s history. Many apartments feature contemporary amenities, spacious layouts, and access to community facilities such as gyms and rooftop terraces. Whether you’re a young professional seeking a vibrant lifestyle or a family looking for a welcoming community, Koreatown’s apartments cater to a variety of needs and preferences.

Living in Koreatown means embracing a lifestyle filled with cultural richness, convenience, and excitement. Discover your dream home in this remarkable neighborhood today!

Newest Koreatown (KREA) Homes with Apartment Subtype

$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

$1,850,000

AR25257302 MLS ⋅ Active Status

Well maintained and stable non rent control apartment consisting of 7 nice units. Extensively updated since 2018 including a new roof, new paint, new dual pane windows, new kitchen and bath in most units, new flooring, new water heaters. Plenty of off street covered parking, gated entry, security cameras. Close proximity to everything including short walking distance to the Vermont/Beverly Metro Station.

149 N Alexandria Avenue, 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.