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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$1,995,000
Est. payment /mo
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3 Beds
8 Baths
3,399 SqFt
New

2694 James M Wood Blvd Los Angeles, CA 90006

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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 $586

MLS Listing ID 25556971

Bedrooms 3

Year Built 1906

Lot Size 6,771 Sqft

Acres 0.1549

Property Sub-Type Multi-Family

Property Description

8-unit building cash flowing at a 5.35% Cap Rate from day 1 with upside to almost a 7% Cap on Proforma! Preliminary plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.4% Current Cap Rate, 11.6% Proforma Cap, and only 167k/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 Wall Electric

Cooling Window Unit(s)

Equipment Built-Ins

Exterior

Parking Features Uncovered

Garage Spaces 9.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

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agent

Jill Miranda

Agent | License ID: 01413799

+1(619) 248-1431

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2694 James M Wood Blvd