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 lively atmosphere and eclectic mix of dining, shopping, and entertainment options, Koreatown has become a sought-after destination for those looking to experience the best of urban living. This dynamic enclave is characterized by its colorful streets, adorned with neon lights and bustling markets, offering a unique blend of traditional Korean culture and modern conveniences.

Koreatown is not only a culinary hotspot, famous for its authentic Korean BBQ and trendy cafes, but it also boasts a thriving arts scene and an array of nightlife options. Residents enjoy easy access to public transportation, making it a breeze to explore the broader Los Angeles area, from the iconic Hollywood Hills to the bustling downtown district.

When it comes to housing, Koreatown offers a diverse array of homes, particularly in the apartment subtype. From chic, modern high-rises to cozy mid-century buildings, there’s something to suit every lifestyle and budget. Many apartments feature stunning city views, spacious layouts, and contemporary amenities, providing a perfect blend of comfort and convenience.

Living in Koreatown means being part of a close-knit community that celebrates diversity and inclusivity. With its rich cultural heritage, vibrant social scene, and prime location, Koreatown is not just a place to live; it’s a place to thrive. Discover your dream apartment in this exciting neighborhood, where every day feels like an adventure waiting to unfold!

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.