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, eclectic dining options, and a strong sense of community, Koreatown is a haven for those seeking a dynamic urban lifestyle. With its unique blend of traditional Korean culture and modern influences, residents enjoy an array of amenities, including trendy cafes, authentic restaurants, and lively entertainment venues, all within walking distance.

Koreatown is not just a feast for the senses; it’s also a fantastic place to call home. The real estate landscape here offers a diverse selection of properties, including the increasingly popular triplex homes. These multi-family residences are ideal for investors or families looking for a home with additional rental income potential. Triplex homes in Koreatown provide the perfect balance of space and privacy, with separate living units that cater to a variety of lifestyles.

Imagine living in a beautifully designed triplex, where each unit features modern amenities and stylish finishes, all while being part of a thriving community. With Koreatown’s excellent public transportation options and proximity to downtown Los Angeles, commuting is a breeze, allowing you to enjoy the best of both worlds—urban convenience and suburban comfort.

Whether you're looking to invest or settle down, Koreatown's triplex homes offer an exciting opportunity to be part of one of LA's most sought-after neighborhoods. Experience the charm of Koreatown, where culture meets community, and your dream home awaits!

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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