CA > Los Angeles
Los Angeles, CA 90006,2694 James M Wood Blvd
Los Angeles, CA 90006,2694 James M Wood Blvd
Los Angeles, CA 90006,2694 James M Wood Blvd
25
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$1,850,000
Est. payment /mo
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3 Beds
8 Baths
3,399 SqFt
Price Dropped by $45K

2694 James M Wood Blvd Los Angeles, CA 90006

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Asianna Joyce

Asianna Joyce

+1(310) 717-8030

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,399 sqft

Price per Sqft $544

MLS Listing ID 25615527

Bedrooms 3

Year Built 1906

Lot Size 6,747 Sqft

Acres 0.1549

Property Sub-Type Multi-Family

Property Description

3rd Price Reduction! 8-unit building cash flowing at a 6.3% Cap Rate from day 1 with upside to an 8% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 11.9% Current Cap Rate, 13.2% Proforma Cap, and only 158k/unit after taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Unassigned, Uncovered

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Asianna Joyce

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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2694 James M Wood Blvd