Koreatown (KREA) Homes with Two Levels Stories

Welcome to Koreatown, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Renowned for its lively atmosphere, Koreatown is a melting pot of flavors, sounds, and experiences. With its bustling streets lined with authentic Korean BBQ restaurants, trendy cafes, and eclectic shops, this area offers a unique blend of traditional and modern lifestyles that attracts residents and visitors alike.

Koreatown is not just about its culinary delights; it also boasts a diverse range of housing options, including stunning two-story homes that perfectly blend comfort and style. These multi-level residences provide ample space for families and individuals seeking a cozy yet sophisticated living environment. With spacious layouts, these homes often feature open-concept designs, allowing for seamless transitions between living, dining, and entertaining spaces. The second level typically offers private retreats, ideal for relaxation or work-from-home setups.

Living in Koreatown means enjoying the best of urban living, with easy access to public transportation, major freeways, and a myriad of amenities. Residents can indulge in the vibrant nightlife, explore cultural landmarks, or unwind in nearby parks. The sense of community here is palpable, with events and festivals celebrating the rich heritage and diversity of the area.

Whether you’re a first-time homebuyer or looking to invest in a property that embodies the spirit of Los Angeles, Koreatown’s two-story homes provide an inviting option that captures the essence of this dynamic neighborhood. Experience the charm of Koreatown—where culture, convenience, and community come together in perfect harmony.

Newest Koreatown (KREA) Homes with Two Levels Stories

$1,450,000

PW26175998 MLS ⋅ Active Status

2765 W 8th St — a fully renovated four-unit apartment building in the heart of Koreatown, offered at $1,450,000 ($362,500/unit) at a 5.84% current cap and 6.48% pro forma. Rare all-three-bedroom unit mix: four spacious 3BR/2BA homes of ~1,102 SF each with updated kitchens and baths. The 2015 gut renovation replaced the major systems — electrical wiring and subpanels, plumbing and drain lines, roof, and windows — plus a full interior refresh, meaning minimal near-term capex for the next owner. Eight secured on-site parking spaces in a rear lot, a genuine rarity in K-Town. In-place rents sit within ~7% of market, so RSO caps have limited near-term impact on yield. Major upside: SB 1211 permits up to four detached ADUs on the rear lot by ministerial approval with no replacement parking required. Below the $5M Measure ULA threshold. ~0.6 mi to Metro Wilshire/Vermont; minutes to DTLA, Hollywood, and the Westside. Buyer to verify all information.

2765 W 8th, Los Angeles

$1,300,000

5 Beds ⋅ 2 Baths ⋅ PW26163177 MLS ⋅ Active Status

Investor's Opportunity in Prime Mid-City Los Angeles! This well-maintained triplex presents an outstanding investment opportunity in one of Los Angeles' most desirable rental markets, just minutes from Koreatown, Downtown LA, USC, shopping, dining, schools, public transportation, and major freeways. Originally configured as a duplex, the property has been divided into three separate units, offering excellent rental income potential. The property features a desirable unit mix with two spacious 3-bedroom, 2-bath units in the front building and one 2-bedroom, 2-bath unit in the rear. It is currently generating approximately $5,000 per month in rental income, with tremendous upside potential. A spacious upstairs 3-bedroom, 2-bath unit is currently vacant, providing an excellent opportunity for an owner-user to move in immediately or for an investor to lease at current market rent and significantly increase cash flow. Some photos have been virtually staged to illustrate the property's potential. No physical furniture is included. Additional amenities include on-site laundry, ample rear parking, and a functional layout that appeals to long-term tenants. With strong income potential, an excellent location, and long-term appreciation opportunities, this property is ideal for both investors and owner-users looking to build wealth in the heart of Los Angeles. The property is located on a wide and clean street. Do not disturb tenants. Drive-by only.

1628 S Van Ness, Los Angeles

$1,199,000

9 Beds ⋅ 6 Baths ⋅ SR26135756 MLS ⋅ Active Status

Versatile residential-income opportunity in a central Los Angeles location near Koreatown, Downtown Los Angeles and USC. Situated on an approximately 5,908-square-foot LAR3 lot, this character property consists of two buildings with approximately 4,103 square feet of total building area. The main building features 5 bedrooms and 4 bathrooms, while the secondary building offers 4 bedrooms and 2 bathrooms, providing a flexible configuration for an owner-user or income-property investor. Spacious interiors feature updated flooring, recessed lighting and flexible living areas with abundant natural light. Highlights include generous rooms, inviting living spaces, a fireplace, updated kitchens and bathrooms, interior laundry facilities and a covered porch. The upper-level space opens to an outdoor area and views toward the Downtown Los Angeles skyline. A mix of private and shared areas provides flexibility for a variety of living and income-property arrangements. Conveniently located near major employment, dining, shopping, entertainment and transportation destinations throughout central Los Angeles. Buyer to independently verify all permits, square footage, unit configuration, bedroom and bathroom counts, zoning, rent-control status and allowable uses.

2970 W 11th, Los Angeles

$1,400,000

4 Beds ⋅ 2 Baths ⋅ DW26099653 MLS ⋅ Active Status

fixer Fixer . Ideal For investors. Step into a rare piece of Los Angeles history with this remarkable two-story Neo-Classical residence located in the heart of Koreatown’s desirable Historic Preservation Overlay Zone (HPOZ). Designed by renowned architect Edward J. Borgmeyer .celebrated for his iconic theater designs throughout Southern California . this distinguished property was also his personal residence from 1912 to 1962, adding an extraordinary layer of architectural significance and provenance. Showcasing original brick construction and timeless old-world character, the main residence features 5 bedrooms and 2 bathrooms, offering a rare opportunity to restore and reimagine a true historic gem. Rich with classic architectural details, the home includes a formal dining room, spacious living areas, a kitchen with adjoining butler’s pantry, and an abundance of vintage charm throughout. Set on a generous lot in one of Koreatown’s most sought-after historic neighborhoods, This is an exceptional opportunity for investors, preservation enthusiasts, or buyers seeking a one of a kind restoration project with tremendous upside. With HPOZ zoning (LAR3), the possibilities are endless for bringing this architectural treasure back to its full glory.

138 N Manhattan, Los Angeles

$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

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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.