We buy apartment buildings in Koreatown
The Beverly Group is a direct buyer of Koreatown apartment buildings. Four to a hundred-plus units across Koreatown and Wilshire Center, with a written offer in one business day.
What is your building worth?
Get a no-obligation written offer, usually within one day.
An eight-unit building, bought as principal.
We own an eight-unit Koreatown building, acquired for our own account rather than brokered to someone else. That is one building, not a portfolio — but it means the rent-stabilized courtyard stock on this page is something we operate, not something we read about.
The densest apartment market in LA County.
Everything from courtyards to mid-rises.
Koreatown packs more residents into a square mile than anywhere else in Los Angeles County. Twenties courtyard buildings, pre-war mid-rises, sixties and seventies walk-ups, all on the same block. Larger multifamily is ordinary here in a way it is not west of La Brea, and we buy the full range.
RSO, and a plan from 2001.
Almost all Koreatown apartment stock predates 1978 and falls under the Los Angeles Rent Stabilization Ordinance. Most of what we own is rent stabilized, so if you are selling a rent controlled building in Koreatown this is the environment we understand best.
Transit that already exists.
The Purple Line extension gets the headlines, but Wilshire has been served for years. Few LA rental submarkets are genuinely walkable to work. Koreatown is one.
A 2001 land use plan and an overlay that expires this year.
Koreatown is the densest rental submarket we buy in, and it is governed by some of the oldest paperwork in the city. Two items decide most of what a buyer can do here.
Your community plan is twenty-five years old.
Koreatown sits inside the Wilshire Community Plan, last updated in 2001. For comparison, Mid-City is governed by a plan updated in 2016 and West Adams by one adopted in 2017. A quarter-century-old plan means the zoning baseline predates essentially every housing law that now matters — and it means state law, rather than local planning, is doing the work on what can be built next to you.
Source: LA City Planning, Wilshire Community Plan Area.
There is a redevelopment overlay, and it expires in December.
The Wilshire/Koreatown Redevelopment Plan, Ordinance 186,325, carries a listed expiration of December 2026 and is flagged in zoning file ZI-2488. It is a layer no other submarket we buy in has, and it is running out this year. What replaces it, or whether anything does, is worth asking before a buyer prices redevelopment optionality into your building.
Source: LA City Planning, Wilshire/Koreatown Redevelopment Plan overlay.
Western Avenue is the historic-overlay line.
There is no HPOZ named Koreatown, and if your building sits east of Western Avenue it is almost certainly free of historic overlay entirely. West of Western is a different story. The Wilshire Park HPOZ — bounded by Wilshire, Olympic, Crenshaw and Wilton, 527 properties with 74% contributing — has a preservation plan that expressly governs apartment buildings, from duplexes to large 1920s courtyards. Country Club Park does the same for apartment buildings of five or more units built between 1935 and 1952. Being one block on the wrong side of Western changes what a value-add buyer can do to the exterior.
Sources: LA City Planning, Wilshire Park HPOZ (Ord. 181374) and Country Club Park HPOZ preservation plans.
The subway stopped being the end of the line in May.
Section 1 of the D Line extension opened 8 May 2026, adding Wilshire/La Brea, Wilshire/Fairfax and Wilshire/La Cienega. Wilshire/Western, which has been the western terminus since 1996, is now a through station rather than a terminus. Sections 2 and 3 to Century City and Westwood are slated for 2027. On density: the figure everyone quotes — 42,611 residents per square mile, the highest in Los Angeles County — comes from the 2000 Census via the Los Angeles Times. It is almost certainly still directionally right, but we will not present twenty-six-year-old data as current, and neither should a buyer.
Sources: Urbanize LA, D Line Section 1 opening; LA Times Mapping L.A. (2000 Census data).
Our criteria, stated plainly.
If your property fits, you will hear from us within one business day. If it does not, we will tell you that just as quickly rather than sitting on it.
Four steps, start to close.
You reach out
Send the address. Nothing is listed and nothing is public.
We underwrite
Koreatown comps are dense enough that we can underwrite tightly, and we do it in-house rather than farming it out.
Written offer
A written offer, with the rent roll and expense assumptions we used spelled out.
Escrow and close
Your escrow and title companies. We handle the file from signature forward.
The building is old and needs work.
Pre-war Koreatown stock usually does. Plumbing, electrical, soft-story retrofit. We price it up front instead of finding it in inspections and coming back at you.
Do you buy the larger Koreatown buildings?
Yes. Koreatown is one of the few LA submarkets where we regularly look at fifty units and up.
Am I obligated if I request a valuation?
No. A lot of Koreatown owners just want to know where they stand before talking to a lender. No follow-up pressure from us.
How long does this normally take?
Three to six weeks for most deals once terms are agreed. Longer if your tax planning calls for it.
Is there a commission?
None from us. We are the buyer, not an agent. If you have representation we submit through your broker.
Find out what your building is worth.
Complimentary, and with no obligation to sell.