Koreatown (KREA) Homes with Triplex Subtype

Welcome to Koreatown (KREA), a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its lively atmosphere, Koreatown is a melting pot of diverse cultures, offering an array of culinary delights, shopping experiences, and entertainment options. With its bustling streets and a mix of modern and traditional architecture, this area is a captivating blend of the old and the new.

One of the unique housing options available in Koreatown is the triplex. These multi-family homes are ideal for those looking to invest in real estate while enjoying the benefits of community living. Triplexes provide the perfect opportunity for homeowners to live in one unit while renting out the other two, creating a steady income stream. The layout is designed to maximize space and privacy, making it an attractive option for families or individuals seeking a home with added versatility.

Living in Koreatown means you’ll have access to an abundance of amenities right at your doorstep. From trendy cafes and authentic Korean BBQ restaurants to lively nightlife and cultural festivals, there’s always something happening. The area is also conveniently located near public transportation, making commuting to downtown Los Angeles a breeze.

Whether you’re a first-time homebuyer or an experienced investor, a triplex in Koreatown offers not only a place to call home but also a gateway to a dynamic lifestyle. Explore the possibilities of living in this thriving neighborhood and discover why Koreatown is one of Los Angeles’ most sought-after locations!

Newest Koreatown (KREA) Homes with Triplex Subtype

$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

Start Your Search

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.