$1,895,000

2694 James M Wood Boulevard, Los Angeles, CA 90006

  • 3,399 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1906
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $558/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Price Reduction! 8-unit building cash flowing at a 6.1% Cap Rate from day 1 with upside to a 7.8% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 11.7% Current Cap Rate, 12.9% Proforma Cap, and only 160k/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.

Listing Status:
Active
Date Added:
November 5, 2025 at 06:00AM
Listing Office:
Marcus & Millichap : 818-212-2700
Listing Agent:
Jason Tuvia : 818-212-2735
MLS ID:
CL25615527
  • Parking: OtherUnassignedUncovered Parking Space
  • County: Los Angeles
  • Zoning: LAR45077028002

This listing courtesy of Jason Tuvia, Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Hoover Street Elementary

2726 Francis Ave, Los Angeles, CA, 90005

Grades KG-5

0.11 miles away

H

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.54 miles away

H

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby

3725 S Victoria Avenue, Los Angeles, CA 90016
other For Sale

$1,599,000

  • 7 bed |
  • 3,796 sqft |
3725 S Victoria Avenue Los Angeles, CA 90016

#CL25615647 - Equity Union

7932 Blackburn Avenue, Los Angeles, CA 90048
other For Sale

$2,049,500

  • 6 bed |
  • 3,861 sqft |
7932 Blackburn Avenue Los Angeles, CA 90048

#CL25613513 - Compass

3188 Atwater Avenue, Los Angeles, CA 90039
other

$1,695,000

  • 4 bed |
  • 3,269 sqft |
3188 Atwater Avenue Los Angeles, CA 90039

#CL25609201 - eXp Realty of California Inc

1118 Sanborn Avenue, Los Angeles, CA 90029
other For Sale

$1,795,000

  • 3,110 sqft |
1118 Sanborn Avenue Los Angeles, CA 90029

#CL25609069 - Equity Union

5633 La Mirada Avenue, Los Angeles, CA 90038
other For Sale

$1,599,000

  • 9 bed |
  • 3,884 sqft |
5633 La Mirada Avenue Los Angeles, CA 90038

#CL25608473 - Real Broker

718 N Hoover Street, Los Angeles, CA 90029
other For Sale

$1,749,000

  • 4 bed |
  • 3,912 sqft |
718 N Hoover Street Los Angeles, CA 90029

#CL25606611 - Compass