Los Angeles is one of the most expensive cities in the country for renting and buying real estate. However, the large city consists of numerous neighborhoods, some with less expensive rental opportunities. Renters may decide to live in Wilshire Center Koreatown, also known as Wilshire Center or Koreatown. This is a smaller neighborhood in Los Angeles, but it offers a wide array of rental opportunities, dining establishments, and activities for residents and city locals.
Key Information About Wilshire Center Koreatown
Wilshire Center Koreatown borders some of the more popular areas, like Hollywood and Melrose Avenue, while offering its unique characteristics. The neighborhood consists of a rectangular shape, and people can access the area by driving or using the Metro Purple Line. Throughout the neighborhood, visitors and residents find a wide variety of small businesses, restaurants, and older hotels. The neighborhood spans three square miles and is fairly walkable, making it ideal for someone who enjoys their outdoor time.
Property Types in Wilshire Center Los Angeles
The residential buildings in Los Angeles’ Koreatown include high-rise apartments and hotels. Throughout the neighborhood, residents will find a mix of older-style apartment buildings and newer developments. The area also includes new developments near metro stops that make convenient options for those who like public transportation. As the neighborhood grows, local officials and developers continue to maintain the living situation by renovating older office buildings and hotels into livable apartment units. This adaptive reuse supports a growing population and addresses the area’s evolving needs.
Demographic of Wilshire Center
As the name suggests, many of Wilshire Center’s residents are Korean. In fact, the area boasts the largest Korean-American community nationwide. In the 1998 census, over a third of the area’s residents identified as Asian. Many residents also own small businesses throughout the neighborhood, growing the local economy. Visitors will immediately notice the presence of the Korean-American community between the numerous restaurants and entertainment options in the area. It’s an exciting place for Korean Americans to live and an interesting spot for Los Angeles locals and tourists alike.
Dining and Entertainment
The neighborhood offers popular Korean establishments and restaurants favored by Los Angeles locals. Additionally, residents can take advantage of numerous activities like spa days, athletic ventures, or exploring the Koreatown Pavilion Garden. As the sun sets, renters can also find entertaining nightlife options including Karaoke, elevated bars, and clubbing options. This makes the neighborhood an exciting opportunity for numerous types of people.
Renting in Wilshire Center Koreatown
Koreatown residents have plenty of options when deciding whether to rent or buy property in Wilshire Center. Depending on their budgets and homeownership goals, the neighborhood offers numerous options for renters and buyers. Considering Los Angeles is also one of the most expensive cities for homebuyers, Wilshire Center homeowners can pay slightly less ($1,070,000) than the city’s median ($1,133,000) to purchase property in the neighborhood.
Prospective tenants can find apartments of various bedroom sizes in the area. They can select from traditional apartment buildings or newer, modern units in luxury buildings with amenities. Additionally, many developers and landlords are converting older office buildings into livable apartments for prospective renters. At a given time, renters will find multiple projects underway to convert existing buildings or build new mixed-use developments with residential and commercial space.
Average Rent in Wilshire Center Koreatown
From 2024 through 2025, those looking to rent in the neighborhood can expect to spend between $2,275 to $3,550. The current median rent for the area is $2,700 for a unit that spans 825 square feet. Renters will find rents above and below the median price point and can find deals if they need a more affordable option. As a unit grows in size and boasts more amenities, renters can expect to spend more money.
Apartments for Rent in Koreatown, CA
Those looking to move to or find a new apartment in Koreatown can search among hundreds of available listings at a time. There are numerous rentals across the neighborhood, so renters can decide to live in a convenient location. Many modern apartments include finishes like recessed lighting, private outdoor space, and stainless steel appliances. Renters can currently choose some of the following options:
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Location: 1. 2619 West 8th Street #D324
Price: $850
Size: Studio, 1 Bath
Renters on a budget can secure this studio apartment that receives plenty of natural light. The living area includes hardwood floors, two windows, and a radiator. Tenants should note that the unit does not have a kitchen, but it includes an ensuite bathroom. Those looking to rent the apartment can get one month free on their lease. Throughout the building, renters will find laundry facilities.
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Location: 3223 West 6th Street #306
Price: $3,695
Size: 2 Bed, 2 Bath
This modern two-bedroom apartment resides in a luxury building with updated finishes. The open-concept kitchen and living area include a spacious island with room for seating, stainless steel appliances, and floor-to-ceiling windows. In the primary suite, renters will find a walk-in closet, and the unit also includes a washer and dryer.
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Location: 3977 West Beverly Boulevard #212
Price: $2,500
Size: 1 Bed, 1 Bath
Those looking for a modern apartment will appreciate the sleek styling of this one-bedroom unit. The unit spans 675 square feet of space and includes an open-concept kitchen and living area with stainless steel appliances, a dishwasher, and recessed lighting. From the living space, tenants can walk outside to their private terrace with views of the Hollywood Sign. Renters can also access building amenities like a fitness center, a rooftop, and a parking space.
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Conclusion
Wilshire Center is an active Los Angeles neighborhood with numerous rental opportunities for prospective tenants. Those looking to rent in the area will find a wide range of property types, including converted units, new buildings, and older apartments. No matter the time of year that renters are looking to complete their apartment search, they can run an online search to find available and attractive units. Renters will live comfortably in well-maintained units in a favorable Los Angeles neighborhood.
