Listing provided courtesy of Global Platinum Properties, Inc.- MLS# 26782991
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Request Info2694 James M Wood BlvdLos Angeles, CA 90006
Multi-Family · 3 Beds · 3,399 Sq. ft. | 0.15 Acres$1,795,000
Active
2694 James M Wood Blvd Overview
- Time on Site:
- 68 days
- Visits:
- 0
Huge 200k Price Reduction! 8-unit building cash flowing at a 6.75% Cap Rate from day 1 with upside to an 8.3% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 12.1% Current Cap Rate, 13.3% Proforma Cap, and only 154k/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.
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2694 James M Wood Blvd Facts & Features
- Type Multi-Family
- Sq. ft. 3,399
- Price/Sq.ft. $528
- Lot 0.15 Acres
Details
General
Income/Expenses
- Gross Income: 174419
- Net Operating Income: 121081.00
Building Information
- Year Built: 1906
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Mid-Wilshire
Tax Information
- Tax Assessed Value: 1114268
General Information
- Disclosures: None
- Property Type: Residential Income
- Zoning: LAR4
Interior
Beds/Baths
- Bathrooms Total: 8.00
- Bedrooms Total: 3
General Information
- Cooling: Ceiling Fan
- Heating: Wall
- Levels: Two
- Living Area: 3399
- Living Area Source: Vendor Enhanced
- Stories: 0
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Acres: 0.1549
- Lot Size Area: 6747
- Lot Size Source: Vendor Enhanced
- Number Of Buildings: 1
General Information
- Number Of Units Total: 8
- Other Structures: None
2694 James M Wood Blvd Neighborhood
Community
90006 (LOS ANGELES) Demographics
34
Median Age
30,503
Population Density (per sq. mile)
24%
College Educated
$37,375
Estimated Median Income
1,777
Estimated Total Home Owners
17,372
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2694 James M Wood Blvd Monthly Cost
2694 James M Wood Blvd Market Data
Based on the last 30 days in this zip code
$804,658
Average List Price
$523
Average Price per Square Foot
10
Properties Sold
77
Average Days on Market
153
Properties for Sale
2694 James M Wood Blvd History
| Date | Value | Agent |
|---|---|---|
| 4/22/2026Source: CRMLS | April 22, 2026 |
|
| 4/22/2026Source: TheMLS (CLAW) | April 22, 2026 |
|
| 9/24/2022Source: CRMLS | September 24, 2022 |
|
| 6/24/2022Source: TheMLS (CLAW) | June 24, 2022 |