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 dynamic energy and diverse community, Koreatown is a hub of activity that perfectly blends tradition with modernity. The area is renowned for its lively streets filled with authentic Korean restaurants, trendy cafes, and unique boutique shops, making it a culinary paradise and a shopping haven.

Koreatown is not just about its vibrant culture; it also offers a variety of housing options, including multi-family homes with a triplex subtype. These triplex properties present an incredible opportunity for both investors and families seeking spacious living arrangements. With three separate units, triplex homes in Koreatown allow for versatile living situations—whether you're looking to live in one unit while renting out the others or accommodating extended family members under one roof.

The architectural styles in Koreatown range from charming vintage buildings to contemporary designs, providing a unique character to the neighborhood. Residents enjoy easy access to public transportation, making commuting to downtown Los Angeles and other nearby areas a breeze. Additionally, Koreatown boasts an array of parks and recreational spaces, perfect for outdoor enthusiasts and families alike.

Whether you're drawn to its rich cultural heritage or the potential of triplex living, Koreatown offers a little something for everyone. Discover the charm and convenience of this dynamic neighborhood, where community meets opportunity in the heart of Los Angeles!

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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