Koreatown (KREA) Homes with Triplex Subtype

Welcome to Koreatown, one of Los Angeles' most vibrant and culturally rich neighborhoods! Nestled in the heart of LA, Koreatown (KREA) is a bustling enclave known for its dynamic blend of Korean culture, delicious cuisine, and a lively atmosphere. With its diverse population and a plethora of amenities, this area has become a hotspot for both residents and visitors alike.

Koreatown is not just about its rich cultural offerings; it’s also an exciting place to call home. The neighborhood boasts a variety of housing options, including unique triplex properties that cater to a range of lifestyles. Homes with a triplex subtype in Koreatown present an excellent opportunity for those looking to invest in real estate or for multi-generational families seeking a communal living arrangement. These properties offer the perfect blend of privacy and community, with each unit providing a unique space while still being part of a cohesive whole.

Imagine enjoying the convenience of living just steps away from an array of restaurants, cafes, and shops that showcase the best of Korean and international flavors. From late-night BBQ spots to trendy cafes, there’s always something new to explore. Plus, with easy access to public transportation and major thoroughfares, you can effortlessly navigate the greater Los Angeles area.

Whether you’re an investor looking for a lucrative opportunity or a family wanting to create lasting memories, triplex homes in Koreatown offer a unique chance to thrive in one of the city's most exciting neighborhoods. Experience the allure of Koreatown—where culture meets 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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