CA > Los Angeles
Los Angeles, CA 90006,2694 James M Wood Boulevard
Los Angeles, CA 90006,2694 James M Wood Boulevard
Los Angeles, CA 90006,2694 James M Wood Boulevard
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$1,950,000
Est. payment /mo
3,399 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,399 sqft

Price per Sqft $573

MLS Listing ID CL25583153

HOA Y/N No

Year Built 1906

Lot Size 6,747 Sqft

Acres 0.15

Property Sub-Type Other

Property Description

8-unit building cash flowing at a 5.5% Cap Rate from day 1 with upside to a 7.1% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.6% Current Cap Rate, 11.8% Proforma Cap, and only 164k/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

Zoning LAR4

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 5077028002

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jason Tuvia • Marcus & Millichap
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+1(925) 383-9200

smiles4dee@gmail.com

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