Koreatown (KREA) Homes with Triplex Subtype

Welcome to Koreatown, an eclectic and vibrant neighborhood nestled in the heart of Los Angeles, California. Known for its rich cultural tapestry and bustling atmosphere, Koreatown is a dynamic hub where tradition meets modernity. With an array of authentic Korean restaurants, trendy cafes, and lively nightlife, this area is a true culinary paradise that draws residents and visitors alike.

Koreatown's real estate market is as diverse as its community, offering a range of housing options that cater to various lifestyles. Among these, triplex homes stand out as an exceptional choice for those seeking both investment opportunities and multi-generational living arrangements. These unique properties allow homeowners to enjoy the benefits of multiple rental units, providing a steady income stream while residing in one of the units.

Triplex homes in Koreatown are often characterized by their charming architecture, featuring a blend of classic and contemporary designs. Many of these properties boast spacious layouts, private outdoor spaces, and modern amenities, making them ideal for families, young professionals, or investors looking to capitalize on the area's growing popularity.

Living in Koreatown means embracing a vibrant lifestyle filled with cultural experiences, community events, and convenient access to public transportation. With its central location, residents can easily explore nearby attractions, making it an ideal place to call home. Discover the unique charm of Koreatown and the potential of triplex living—where community, culture, and opportunity converge in the heart of Los Angeles!

Newest Koreatown (KREA) Homes with Triplex Subtype

$1,099,000

RS26069251 MLS ⋅ Active Status

Motivated Seller - $50K Price Reduction - 5.55% Current Cap Rate & 9.44% Pro Forma Cap Rate - 2942 W 12th Street, is an exceptionally located value-add triplex in the heart of Koreatown/Olympic Park consisting of a detached 5BD/2BA Craftsman house and a duplex with (1) 3BD/1BA unit and (1) 4BD/2BA unit, totaling approximately 5,020 rentable square feet on a 5,917 square foot LAR3 lot. The property offers a compelling investment profile with the two occupied units currently generating just $2,959/month combined at below-market rents, while the detached front house will be delivered vacant, providing immediate lease-up or owner-user flexibility. Current income is approximately $89,504 annually with the front unit rented and pro forma gross income projected at approximately $131,400. Representing over 50% upside in rents. The property also benefits from LAR3 zoning and Tier 2 TOC eligibility, creating longer term redevelopment and density bonus potential in one of Los Angeles’ most transit-oriented rental markets. Offered at an attractive price per square foot in a high demand location near Koreatown, Downtown LA, Metro access, and major employment hubs, this is a rare opportunity for investors seeking both current income upside and future development optionality

2942 W 12th, Los Angeles

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