Updated August 27, 2026
Every Koreatown closing from this desk, expressed as price per residential unit. 21 buildings, 465 units, $80.2M.
Read the sample sizes before the numbers.
| Year | Closings | Median per unit |
|---|---|---|
| 2012 | 1 | $57,967 (one sale) |
| 2014 | 2 | $112,702 |
| 2015 | 7 | $137,500 |
| 2018 | 5 | $233,333 |
| 2021 | 1 | $225,000 (one sale) |
| 2022 | 2 | $238,441 |
| 2024 | 1 | $210,833 (one sale) |
| 2025 | 2 | $225,000 |
Koreatown's transaction history through this desk is lumpy. Several years carry a single closing, and one year carries seven. A year resting on one sale is labeled as one sale, because publishing it as a yearly median would be dressing a transaction up as a market reading.
That lumpiness is itself worth knowing. Buildings here are frequently held for decades by owners who are not watching the market, and then a cluster of them trade at once — which is why a Koreatown owner asking "what is the market doing" is usually asking a question the transaction record cannot answer precisely.
| Building size | Closings | Median per unit | Range |
|---|---|---|---|
| 4–10 units | 5 | $155,556 | $137,500 – $310,000 |
| 11–25 units | 10 | $163,133 | $83,750 – $254,167 |
| 26–50 units | 5 | $193,548 | $57,967 – $422,639 |
| 51+ units | 1 | $92,188 (one sale, not a median) | — |
This is the cut that actually helps. Price per door falls as buildings get bigger, and Koreatown holds larger buildings than any other submarket in this record — including a 96-unit property. Comparing a nine-unit walk-up to that building on price per door is comparing two different products with two different buyer pools.
An owner working out what their building is worth should start from their own size band rather than from the overall median of $158,958.
Wider here than anywhere else covered, and three things account for most of it.
Where in-place rents sit against the cap. The dominant variable. A building held since the 1980s with continuous tenancy and one that has turned over recently are different assets, and buyers underwrite the income today rather than the income theoretically available.
Wilshire frontage versus the residential blocks. The corridor carries 1920s and 1930s Art Deco mid-rises built when this was the fashionable western edge of the city. The blocks behind it are postwar stucco walk-ups. Both trade well; they do not trade alike. See Wilshire frontage versus the blocks behind it.
Proximity to a station. Koreatown has four rail stations, and a site inside a transit incentive tier can attract a buyer who is not pricing the rent roll at all — four rail stations and what they do to a site.
This is one desk's record in one submarket, not a market index. It holds no cap rates, no rents and no income figures, because the archive does not contain them. And in a submarket where several years rest on one or two closings, a year-on-year move may say more about which buildings happened to trade than about the market.
What it is good for: checking a number someone has quoted you, and understanding which questions decide your building's price.
The full list is at the Koreatown closing record in full.
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