Koreatown, also known as K-town, is a vibrant and diverse community in central Los Angeles. The popular dining scene attracts residents and tourists alike. Housing includes single-family homes and a growing supply of apartments and condos. With nearby freeway access and three subway stations, its location is convenient for commuters.
While there are still single-family residences in Koreatown, multifamily complexes make up the bulk of new construction. “A lot of the homes that were sold were converted into condos and apartments,” says David Shin, Realtor with Dream Realty, who has been spending time in K-town since his youth and has been a full-time resident since the mid ‘90s. “Construction has gotten denser, and it’s continuing to grow.”
Houses typically sell from the upper $700,000s to around $2.15 million. Condos generally range from the mid $200,000s to $1.5 million, plus monthly HOA fees of about $300 to $1,300. HOA amenities often include security and fitness centers, but luxury complexes offer additional perks like 24-hour concierge service.
Many homes have reserved, off-street parking, but due to Koreatown’s popularity, finding parking near restaurants and shopping centers can be a challenge. With malls, grocery stores, schools and medical offices all within the community, it's often easier to run daily errands on foot.
Koreatown also offers commuter convenience. Drivers have access to the Hollywood Freeway just a few blocks north, and Interstate 10 is close by as well. With three Metro subway stations, bus service and bike share options, residents don’t have to rely on cars for travel.
Koreatown is a well-known destination for foodies, boasting dozens of coffee shops, restaurants and bakeries. Many are clustered together in shopping centers or malls, and some hot spots include:
People from all over LA come to visit Koreatown’s nightclubs and bars. “Koreatown has lots of things to do,” Shin says. “You can make an evening out of it — start off with Korean barbecue and then go out for soju and karaoke.” Restaurants typically stay open well into the night as well. At Sun Nong Dan, along Western Avenue, you can enjoy rich Korean stews 24 hours a day. While there are some calmer residential pockets at the edges of the community, the heart of Koreatown stays fairly lively all the time.
Korean influence is undoubtedly strong in the community — from Korean movies at the theater to Korean-language church services and even a radio station that broadcasts in Korean. The neighborhood also hosts a multiday Korean festival each year in Seoul International Park.
The area is welcoming to people from many different backgrounds as well. “More and more non-Koreans are coming into Koreatown,” Shin says. “I think it’s great that other cultures embrace K-town.” Alongside the many Korean stores are markets that carry ingredients for traditional Filipino, Mexican and Bangladeshi cooking. Resources like the Islamic Center of Southern California help residents preserve their heritage, and consulates from countries including Myanmar, Sri Lanka and Peru line Wilshire Boulevard.
Shelle Kirk
View Heights Properties
(562) 414-6134
23 Total Sales
1 in Koreatown
$400,000 Price
Sophia Chang
New Star Realty & Investment
(323) 794-0615
30 Total Sales
1 in Koreatown
$1,330,000 Price
Lisa Madrigal
Fiv Realty Co.
(951) 406-6266
50 Total Sales
1 in Koreatown
$366,000 Price
Warren Nathan
Keller Williams Beverly Hills
(424) 421-1908
11 Total Sales
1 in Koreatown
$650,000 Price
Eric Nam
Coldwell Banker Quality Properties
(424) 402-5543
26 Total Sales
2 in Koreatown
$770K - $1.4M Price Range
Downey Chong
Choice 100 Realty, Inc.
(213) 468-0129
11 Total Sales
3 in Koreatown
$626K - $1.7M Price Range
Airport
Bob Hope
21 min drive
Subway
Wilshire/Normandie Station
Subway
Wilshire/Western Station
Subway
Vermont/Beverly Station
Subway
Wilshire/Vermont Station
Bus
Western & 1st (Southbound)
Bus
8th & Irolo
Bus
6th & Catalina
| 1 - Low Crime, 10 - High Crime | Koreatown | US |
|---|---|---|
| Homicide | 4 | 4 |
| Sexual Assault | 8 | 4 |
| Assault with Weapon | 6 | 4 |
| Robbery | 5 | 4 |
| Burglary | 5 | 4 |
| Motor Vehicle Theft | 5 | 4 |
| Larceny | 6 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Koreatown, Los Angeles sell after 52 days on the market compared to the national average of 57 days. The median sale price for homes in Koreatown, Los Angeles over the last 12 months is $742,500, down 4% from the median home sale price over the previous 12 months.
|
Median List Price
$799,000
|
Median Sale Price
$742,500
|
|
Median Single Family Sale Price
$1,650,000
|
Median Townhouse Sale Price
$1,345,000
|
|
Median 2 Bedroom Sale Price
$675,000
|
Median Change From 1st List Price
4%
|
|
Last 12 months Home Sales
206
|
Median Home Sale Price YoY Change
-4%
|
|
Average Price Per Sq Ft
$563
|
|
|
Number of Homes
4,773
|
Number of Homes for Sale
137
|
|
Median Year Built
1973
|
Months of Supply
8.00
|
|
Average Single Family Home Size Sq Ft
3,065
Significantly above the national average
1,933
|
Average Townhouse Size Sq Ft
3,600
|
|
Average 2 Bedroom Size Sq Ft
1,189
|
Average 1 Bedroom Size Sq Ft
746
|
|
Average Studio Size Sq Ft
418
|
Median Lot Size Sq Ft
7,405
|
$2,334 - $6,149 per month
$1,824 - $2,850 per month
$1,929 - $3,429 per month
$1,384 - $1,945 per month
$2,376 - $4,973 per month
$2,954 - $5,491 per month
$1,425 - $1,795 per month
$2,279 - $3,282 per month
$2,048 - $2,698 per month
$1,648 - $2,398 per month
$1,875 - $3,490 per month
|
Number of Homes for Rent
226
|
Median Rent
$2,062
|
|
Median Single Family Home Rent
$2,500
|
Median 4 Bedroom Single Family Home Rent
$4,800
|
|
Median Townhouse Rent
$3,088
|
Median 3 Bedroom Townhouse Rent
$3,695
|
|
Median Condo Rent
$2,325
|
Median 2 Bedroom Condo Rent
$2,900
|
|
Total Population
108,875
|
Median Age
38
|
|
Population Density
63 ppl/acre
|
Population under 18
19.5%
On par with the national average
23.8%
|
|
Population over 65
13.3%
Below the national average
19.1%
|
|
|
Median Household Income
$49,090
Significantly below the national average
$79,597
|
Average Household Income
$67,990
|
|
High School Graduates
76%
Below the national average
89%
|
College Graduates
38.4%
|
|
Advanced Degrees
9.7%
|
% Population in Labor Force
69.9%
Above the national average
64.9%
|
|
Annual Precipitation
14''
|
Average Winter Low Temperature
48°F
|
|
Average Summer High Temperature
83°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Historic homes, walkability and a Central LA location
Centrally located LA neighborhood that's home to Barnsdall Art Park
Historic District with traditional estates and the Wilshire Country Club
Conveniently central LA neighborhood with diverse dining and events
Freeway access, plus proximity to Koreatown and DTLA
Historic homes, convenient access to I-10 and Koreatown
