Koreatown (KREA) Homes with Multi Family Subtype

Welcome to Koreatown, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its lively atmosphere, diverse culinary scene, and unique blend of tradition and modernity, Koreatown is a hidden gem that attracts residents and visitors alike. With its bustling streets lined with restaurants, cafes, and shops, there’s always something exciting happening in this dynamic community.

One of the standout features of Koreatown is its diverse housing options, particularly in the multi-family sector. Homes with a multi-family subtype are abundant here, making it an ideal choice for investors, families, or anyone looking to capitalize on the thriving rental market. These properties offer not only the opportunity for rental income but also the chance to be part of a close-knit community where neighbors become friends.

The multi-family homes in Koreatown range from charming vintage buildings to modern complexes, catering to a variety of lifestyles and preferences. Many of these residences boast convenient access to public transportation, making commuting to downtown Los Angeles a breeze. Additionally, residents can enjoy the many parks and recreational areas that offer a respite from the urban hustle.

Living in Koreatown means embracing a lifestyle filled with cultural experiences, from traditional Korean BBQ to lively karaoke nights. The neighborhood is also home to various festivals and events that celebrate its rich heritage, making it a vibrant place to call home. Whether you’re looking to invest or find your dream residence, Koreatown’s multi-family homes provide the perfect blend of comfort and community in one of LA's most exciting neighborhoods.

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.