Koreatown (KREA) Homes with Triplex Subtype

Welcome to Koreatown (KREA), a vibrant and bustling neighborhood located in the heart of Los Angeles, California. Known for its rich cultural heritage and diverse community, Koreatown offers a unique blend of traditional and modern influences that make it a truly special place to call home.

With a prime location in Los Angeles County, Koreatown is a dynamic neighborhood that is constantly evolving. From its eclectic mix of restaurants and shops to its lively nightlife scene, there is always something exciting happening in this vibrant community.

If you're looking for a home in Koreatown with the Triplex subtype, you're in luck. True to its reputation for offering a wide range of housing options, Koreatown features a variety of properties, including charming triplexes that provide both a comfortable living space and a solid investment opportunity.

Whether you're drawn to Koreatown for its cultural attractions, convenient location, or diverse real estate options, this neighborhood has something for everyone. Come explore all that Koreatown has to offer and find your perfect place to call home in this dynamic and welcoming community.

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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