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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Brian Winter

Brian Winter

+1(559) 737-2923

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,399 sqft

Price per Sqft $544

MLS Listing ID 25615527

Bedrooms 3

HOA Y/N No

Year Built 1906

Lot Size 6,747 Sqft

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 C17 - Mid-Wilshire

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features Unassigned, Uncovered

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5077028002

Special Listing Condition Standard

CRMLS – RECore
Listed by Jason Tuvia Marcus & Millichap

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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2694 James M Wood BLVD

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