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 bustling streets filled with authentic Korean cuisine, trendy cafes, and lively entertainment options, Koreatown offers a unique blend of urban living and cultural diversity that attracts residents from all walks of life.

One of the most appealing aspects of Koreatown is its eclectic mix of housing options, particularly the charming triplex homes that grace the area. These multi-family residences are perfect for those looking to invest in real estate while enjoying the benefits of community living. With each unit designed to maximize space and comfort, triplexes in Koreatown provide an excellent opportunity for homeowners and investors alike. Whether you’re seeking a cozy abode or a smart investment, these homes offer versatility and potential for rental income.

Living in Koreatown means you’re never far from the action. The neighborhood boasts an array of amenities, including parks, shopping centers, and cultural landmarks. Residents can indulge in delicious Korean BBQ, explore vibrant markets, or unwind in nearby parks. The area is also well-connected to public transportation, making it easy to explore the broader Los Angeles region.

In Koreatown, you’ll find a community that embraces diversity and celebrates its rich heritage, all while offering the modern conveniences of urban living. With triplex homes available, now is the perfect time to discover the charm and excitement of life in this dynamic neighborhood. Experience the best of Los Angeles living in Koreatown—where culture, community, and opportunity come together!

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

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