A Daily Journal article about the Koreatown real estate market is posted on Sperry Van Ness' frontpage titled, "Brokers, Investors Banking on Koreatown's Growing Attraction" written by Keeley Webster, CREJ Staff Writer.
Quote:
Diverse demographics allow for value-added plays in Los Angeles' tightening residential market
With its proximity to jobs downtown and the nightlife of West Hollywood and Hollywood, Koreatown has become a favorite with both apartment investors and for-sale residential developers.
A few years ago, apartment investors discovered that the location could attract urban hipsters who wanted to live in those two areas but couldn't afford the rents, along with Korans looking for luxury digs.
View pdf |