2694 James M Wood Boulevard, Los Angeles, CA 90006
Overview
- 3
- 8
- 3399
- 1906
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.
Address
Open on Google Maps- Address James M Wood
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90006
Details
Updated on July 3, 2025 at 1:08 pm- Property ID: HZ25556971
- Price: $1,995,000
- Property Size: 3399 Sq Ft
- Bedrooms: 3
- Bathrooms: 8
- Year Built: 1906
- Property Status: ResidentialIncome
- Listed by: Kian Maronde
- DRE #: 01952189
- Contact Mail: Kmaronde@marcusmillichap.com
- Brokered by: Marcus & Millichap
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