2694 James M Wood Boulevard, Los Angeles, CA 90006
Overview
- 3
- 8
- 3399
- 1906
Description
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 12.5% Current Cap Rate, 13.6% 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.
Address
Open on Google Maps- Address James M Wood
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90006
Details
Updated on March 25, 2026 at 1:08 am- Property ID: HZ26638959
- Price: $1,795,000
- Property Size: 3399 Sq Ft
- Bedrooms: 3
- Bathrooms: 8
- Year Built: 1906
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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