Koreatown (KREA) Homes with Multi Family Subtype

Welcome to Koreatown (KREA), a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its dynamic blend of traditional and contemporary influences, Koreatown is a hub of activity, offering residents a unique lifestyle filled with diverse culinary experiences, lively entertainment, and a strong sense of community.

Koreatown is renowned for its stunning architecture, featuring a mix of historic buildings and modern developments. One of the most appealing aspects of this neighborhood is the availability of multi-family homes. These properties are perfect for those looking to invest in real estate, whether you’re a seasoned investor or a first-time buyer. Multi-family homes in Koreatown not only provide an opportunity for rental income but also foster a sense of community living, making it ideal for families or individuals who appreciate a close-knit atmosphere.

The area is conveniently located with easy access to public transportation, major highways, and is just a stone's throw away from downtown Los Angeles. Residents can enjoy a plethora of amenities, including parks, shopping centers, and a vibrant nightlife. The rich cultural tapestry of Koreatown is showcased through its numerous restaurants, cafes, and shops, offering everything from authentic Korean BBQ to trendy boutiques.

Living in Koreatown means embracing a lifestyle that is both exciting and convenient. With its diverse housing options, including multi-family homes that cater to various needs, Koreatown is truly a gem in Los Angeles, inviting you to discover all it has to offer. Come and explore the possibilities of making this vibrant community your home!

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.