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Koreatown Apartment Building Sales

Explore 4 closed multifamily transactions totaling $12.65M in Koreatown. Data from the LAAA Team at Marcus & Millichap.

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4

Transactions

$12.65M

Total Volume

Avg Cap Rate

Avg $/Unit

Avg Units

2013

Since

LAAA Team Track Record Since 2013

Koreatown Multifamily Market Overview

Koreatown is the most densely populated neighborhood in the US with Metro Purple Line connectivity. Across 4 transactions totaling $12.7M, average price per unit is $211K. The 24-hour commercial landscape sustains occupancy above 97%. LA RSO applies.

Market Snapshot

Source: CoStar | Koreatown Multifamily | 2026 Q1
63,315Total Units
6.3%Vacancy Rate
$1,937Market Rent/Unit
-2.3%Rent Growth (YoY)
5.2%Market Cap Rate
$311KMarket $/Unit

Rents by Unit Type

Studio$1,532/mo
1 Bedroom$1,904/mo
2 Bedroom$2,591/mo
3 Bedroom$3,337/mo

Investment Activity (Trailing 12 Mo)

Sales Volume$244.3M
Transactions22
Avg Price/Unit$311K
Avg Cap Rate6.3%

Koreatown Market Area

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LAAA Team Closings in Koreatown

4 transactions by Glen Scher, Filip Niculete & the LAAA Team

4718-4726 Oakwood Ave

Los Angeles2026

Price
$4.70M

4705-4709 Elmwood Ave

Los Angeles2025

Price
$3.05M

245 N Gramercy Pl

Los Angeles2021

Price
$1.48M

667-671 North Wilton Place

Los Angeles2019

Price
$3.42M

Source: LAAA Team Closed Transactions

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Your LA Apartment Investment Advisors

Glen Scher

Glen Scher

Senior Managing Director Investments

(818) 212-2808

Email Glen

License(s): CA: 01962976

Filip Niculete

Filip Niculete

Senior Managing Director Investments

(818) 212-2748

Email Filip

License(s): CA: 01905352

LA Apartment Advisors | Marcus & Millichap

16830 Ventura Blvd, Ste. 100, Encino, CA 91436

LAAA