Koreatown.
STATS AS OF JULY 2026
Koreatown is one of the densest rental submarkets in Los Angeles, sitting directly on the Metro B and D lines. Renter demand is consistent, TOC development activity is significant, and much of the older RSO stock still rents well below market.
Investors like K-Town for the location math: high walkability, with DTLA and Mid-Wilshire employment close by. The persistent rent upside in pre-1979 buildings is what most buyers are really underwriting — the spread between what tenants pay now and what units fetch on turnover.
Recorded sales by year
| YEAR | SALES | MEDIAN PRICE | MEDIAN $/UNIT | MEDIAN $/SF |
|---|---|---|---|---|
| 2021 | 103 | $1,579,997 | $262,664 | $307 |
| 2022 | 173 | $1,675,000 | $288,000 | $348 |
| 2023 | 102 | $1,912,500 | $263,291 | $341 |
| 2024 | 112 | $1,595,000 | $262,500 | $304 |
| 2025 | 41 | $1,495,000 | $300,000 | $335 |
~3,583 MULTIFAMILY BUILDINGS · 51,636 UNITS · 86% BUILT BEFORE 1979 (RSO-ERA)
DATA AS OF AUGUST 10, 2026
Sale prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
Latest Koreatown trades
Sale prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
ALL RECORDED SALES →What is the average cap rate for apartment buildings in Koreatown?
As of July 2026, Koreatown multifamily trades at an average cap rate of 5.1% and an average GRM of 12.4, based on closed sales tracked by broker Shaya Lowenstein (Lyon Stahl Investment Real Estate).
What is the average price per unit for Koreatown apartment buildings?
As of July 2026, apartment buildings in Koreatown sell for an average of $285,000 per unit (about $410 per square foot), based on closed comps — not asking prices.
Who sells apartment buildings in Koreatown?
Shaya Lowenstein (Lyon Stahl Investment Real Estate, CA DRE #01942326) brokers multifamily and land in Koreatown and across Los Angeles, publishing full rent rolls and financials on every listing. Free 48-hour valuations at https://shaya-test-1.vercel.app/valuation.
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