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Koreatown

Koreatown

4.2
$1,037,269 Average Value
$588 Average Price per Sq Ft
114 Homes For Sale

Koreatown’s growing appeal

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.

The streets of Koreatown feature a variety of retail stores and restaurants.
The streets of Koreatown feature a variety of retail stores and restaurants.
Koreatown Boogie Block Party has great vendors, food and fun.
Koreatown Boogie Block Party has great vendors, food and fun.
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Cost of living in Koreatown

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.

Single-family homes often feature their own parking in Koreatown.
Single-family homes often feature their own parking in Koreatown.
Modern designs and contemporary architecture are featured prominently on condominiums in Koreatown.
Modern designs and contemporary architecture are featured prominently on condominiums in Koreatown.
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Subway stations and walkability in Koreatown, but parking is limited

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.

Sidewalks line the streets of Koreatown, making getting around the neighborhood efficient and leisurely.
Sidewalks line the streets of Koreatown, making getting around the neighborhood efficient and leisurely.
Metro buses are one travel option for residents who wish to explore the rest of the city outside Koreatown.
Metro buses are one travel option for residents who wish to explore the rest of the city outside Koreatown.
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Where to find restaurants in Koreatown

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:

  • MaDang Courtyard, a large mall with multiple restaurants, an H-Mart and a theater
  • Koreatown Plaza and Koreatown Galleria, both three-level malls with food courts
  • Serrano Marketplace, a shopping plaza packed with restaurants, including Hae Jung Chon
  • Chapman Plaza, a historic market with upscale and casual eateries, as well as cafes

MaDang Courtyard is a retail hub in Koreatown, offering several different chains and local shopping destinations.
MaDang Courtyard is a retail hub in Koreatown, offering several different chains and local shopping destinations.
Kopan Izakaya is a Japanese-style bar that serves small plates and signature authentic cocktails in Koreatown.
Kopan Izakaya is a Japanese-style bar that serves small plates and signature authentic cocktails in Koreatown.
H-Mart carries a wide variety of fresh produce and other essentials for Koreatown residents.
H-Mart carries a wide variety of fresh produce and other essentials for Koreatown residents.
Silverlake Ramen serves authentic dishes with unique flair in Koreatown.
Silverlake Ramen serves authentic dishes with unique flair in Koreatown.
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Nightlife and late-night restaurants keep Koreatown active

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.

A fusion of cultures, although Korean culture is most prominent

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.

Seoul International Park has walking paths and shaded benches for residents who enjoy the outdoor.
Seoul International Park has walking paths and shaded benches for residents who enjoy the outdoor.
Immanuel Presbyterian Church is a historic landmark in the heart of Koreatown.
Immanuel Presbyterian Church is a historic landmark in the heart of Koreatown.
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Ginny West
Written By
Ginny West
Samuel Evans
Photography Contributed By
Samuel Evans
David Strayer
Video By
David Strayer

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

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

Bus

Vermont & 8th St. (Ccw)

Bus

6th & Western (Eastbound)

Bus

Wilshire Eb & Crenshaw Fs

Bus

Wilshire & Alexandria

Reviews

Niche Reviews
4.2 85 Reviews
3.0 Current Resident
9/26/2019 Niche Review
I've lived here most of my life and I see constant changes as many neighborhoods undergo. However, it's becoming more crowded and seeing more and more waves of people.
5.0 Current Resident
1/29/2019 Niche Review
i like the food and life in koreatown. there are too many homeless people. in general, there are too many people moving here and it is crowding the space. the schools here are alright. People here are nice. there are a lot of apartments in the making.
2.0 Current Resident
3/13/2018 Niche Review
Koreatown is simply a low-income neighborhood. Which isn't necessarily bad but the recent construction around the area tends to raise the rent up every few months. If you were to live in koreatown I'd recommned near the end of western.
3.0 Current Resident
7/15/2017 Niche Review
I love all of the shops and stores in Koreatown. It's rich with ethnic and boho vibes. However some streets seem very unsafe at night in contrast to have vivacious and fun the area is during the day.
Are you familiar with the Koreatown neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

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

Koreatown Demographics and Home Trends

Housing Trends

Median List Price
$772,500
Median Sale Price
$735,000
Median Single Family Sale Price
$1,837,500
Median Townhouse Sale Price
$1,225,000
Median 2 Bedroom Sale Price
$699,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
169
Median Home Sale Price YoY Change
-3%
Average Price Per Sq Ft
$588

Neighborhood Facts

Number of Homes
4,746
Number of Homes for Sale
114
Median Year Built
1973
Months of Supply
8.10
Average Single Family Home Size Sq Ft
3,054
Significantly above the national average
1,930
Average Townhouse Size Sq Ft
3,663
Average 2 Bedroom Size Sq Ft
1,189
Average 1 Bedroom Size Sq Ft
747
Average Studio Size Sq Ft
418
Median Lot Size Sq Ft
7,405

Open Houses

  • Sunday, Feb 22
    1 - 4pm

    729 S Hobart Blvd Unit 40, Los Angeles, CA 90005

    $459,000

    • 1 Bed
    • 1 Bath
    • 789 Sq Ft
    • 729 S Hobart Blvd
    • Unit 40
    • New 17 days ago

    Beautifully maintained top-floor corner unit with the huge private patio that can be used as den/office. located in the desirable The Terraces community. This 1 bedroom, 1 bathroom condo has been lovingly cared for by the owner and offers a bright, airy living environment with high ceilings and hardwood floors throughout. The open and sun-filled layout creates a warm and inviting atmosphere,

    Elijah Shin Dream Realty & Investments Inc

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  • Saturday, Feb 21
    1 - 4pm

    625 S Berendo St Unit 609, Los Angeles, CA 90005

    $759,000

    • 2 Beds
    • 2 Baths
    • 1,390 Sq Ft
    • 625 S Berendo St
    • Unit 609
    • New 17 days ago

    TOP FLOOR PENTHOUSE Large Loft/Den/3rd Bedroom with attached large patio deck with VIEWS! Vaulted ceilings in livingroom and dining cove. Located in the heart of Koreatown on one of the neighborhood's busiest and most vibrant streets, this fully remodeled 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, style, and convenience. The spacious, light-filled unit features high

    Elijah Shin Dream Realty & Investments Inc

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  • Saturday, Feb 21
    12 - 3pm

    620 S Gramercy Place Unit 301, Los Angeles, CA 90005

    $625,000

    • 2 Beds
    • 2 Baths
    • 948 Sq Ft
    • 620 S Gramercy Place
    • Unit 301
    • New 11 days ago

    Welcome to this beautifully updated 2-bedroom, 2-bath front unit condo in the heart of Koreatown. Positioned on a west-facing, southeast corner location, this bright and airy residence enjoys open sky views, excellent airflow, and only one shared wall, offering exceptional privacy. One of the larger two-bedroom floor plans in the 620 Gramercy complex, the home features an open layout filled with

    Sukyoung Lee Redpoint Realty

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

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%

Finances

Median Household Income
$49,090
Significantly below the national average
$79,601
Average Household Income
$67,990

Education and Workforce

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%

Weather

Annual Precipitation
14''
Average Winter Low Temperature
48°F
Average Summer High Temperature
83°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®

64 / 100

Walker's Paradise

Walk Score®

94 / 100

Excellent Transit

Transit Score®

80 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Koreatown
Reionn Webber
Vista Verde Services Inc
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