Koreatown (KREA) Homes with Door-Single Parking features

Welcome to Koreatown, one of Los Angeles’ most vibrant and culturally rich neighborhoods! Nestled in the heart of the city, Koreatown (KREA) is a dynamic community known for its bustling atmosphere, diverse culinary scene, and a unique blend of modern living and traditional culture. Here, you’ll find an array of shops, restaurants, and entertainment options that reflect the area’s rich heritage, making it a delightful place for both residents and visitors alike.

Koreatown is not just a melting pot of flavors and experiences; it also offers a variety of housing options that cater to different lifestyles. For those seeking a home that combines comfort with convenience, properties featuring single-door parking are a fantastic choice. These homes provide the ease of access and security that many desire in an urban environment. Imagine coming home after a long day to a space where you can park your vehicle with ease, knowing that your belongings are safe and sound.

Living in Koreatown means embracing a lifestyle where everything you need is just a stone's throw away. From trendy cafes and late-night eateries to vibrant nightlife and cultural events, the neighborhood buzzes with energy. The proximity to public transportation and major freeways ensures that you’re never far from the excitement of downtown Los Angeles or the serene beauty of nearby parks.

Whether you’re a young professional, a family, or someone looking to experience the rich tapestry of life in Los Angeles, Koreatown offers a welcoming community with homes that perfectly suit your needs. Discover your new home in Koreatown today!

Newest Koreatown (KREA) Homes with Door-Single Parking features

$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

Start Your Search

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.