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. Renowned for its lively atmosphere, Koreatown offers a unique blend of modern living and traditional charm, making it one of the most sought-after areas in the city. With a diverse community and an array of amenities, residents enjoy an eclectic mix of restaurants, shops, and entertainment options, all within walking distance.

Koreatown is particularly notable for its multi-family homes, which cater to a variety of lifestyles and investment opportunities. These properties are perfect for those looking to create a family compound, generate rental income, or simply enjoy the benefits of communal living. With a range of architectural styles, from classic craftsman to contemporary designs, multi-family homes in Koreatown provide versatility and potential for customization.

The neighborhood's strategic location offers easy access to major highways and public transportation, making commuting to downtown Los Angeles and surrounding areas a breeze. Residents can indulge in the rich cultural tapestry of Koreatown, with its bustling markets, authentic Korean BBQ joints, and vibrant nightlife. The area is also home to several parks and recreational spaces, ensuring that outdoor enthusiasts have plenty of opportunities to enjoy the California sunshine.

Whether you're an investor seeking a lucrative opportunity or a family looking for a welcoming community, Koreatown's multi-family homes offer the perfect blend of comfort, culture, and convenience. Discover the charm of Koreatown and explore the possibilities that await you in this dynamic neighborhood!

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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