2740 James M Wood Boulevard, Los Angeles, CA 90006
Overview
- 8
- 4
- 3400
- 1913
Description
Prime Koreatown location. Rare R-4 zoned asset on a 6,771 sq ft lot with potential for approximately 12-25 units (buyer to verify). Exceptional development and value-add opportunity in one of the tightest rental markets in Los Angeles. Property features 4 upgraded units with in-unit washer/dryer, generating $105,600 in current annual income. Extensive capital improvements already completed, including roof, plumbing, electrical, and exterior cement walls, significantly reducing execution and holding risk. Pricing reflects land value with income in place. Upside is intentionally left for the next owner through redevelopment, density expansion, or long-term appreciation. Ideal for developers, 1031 exchange buyers, and long-term investors seeking strong cash flow today and substantial upside tomorrow.
Address
Open on Google Maps- Address James M Wood
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90006
Details
Updated on January 3, 2026 at 1:08 am- Property ID: HZ25615071
- Price: $1,460,000
- Property Size: 3400 Sq Ft
- Bedrooms: 8
- Bathrooms: 4
- Year Built: 1913
- Property Status: ResidentialIncome
- Listed by: Susie H. Kim
- DRE #: 01017244
- Contact Mail: susiek7974@gmail.com
- Brokered by: Redpoint Realty
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
