Koreatown (KREA) Homes with Apartment Subtype

Welcome to Koreatown, one of Los Angeles’ most vibrant and eclectic neighborhoods, where tradition meets modernity in a delightful fusion. Nestled in the heart of the city, Koreatown (KREA) is not just a place; it’s an experience. Known for its rich cultural heritage, this bustling area is home to a diverse community that thrives on its array of shops, restaurants, and entertainment options.

Koreatown boasts an exciting culinary scene, featuring everything from authentic Korean BBQ to trendy cafes and gourmet bakeries. Stroll through the lively streets, and you’ll discover a treasure trove of cultural experiences, including traditional markets, art galleries, and vibrant nightlife that keeps the energy alive well into the early hours.

When it comes to real estate, Koreatown offers a unique blend of homes, particularly in the apartment subtype. This area is characterized by its modern high-rise buildings and charming vintage apartments, providing a variety of living options to suit any lifestyle. Whether you’re a young professional seeking a chic urban abode or a family looking for a cozy space to call home, Koreatown has something for everyone.

With convenient access to public transportation and major highways, commuting to downtown Los Angeles or other parts of the city is a breeze. The neighborhood is also known for its walkability, making it easy to explore the local shops and eateries.

Embrace the vibrant lifestyle that Koreatown has to offer, where every day is filled with new adventures and a rich tapestry of culture awaits you!

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.