2694 James M Wood Boulevard, Los Angeles, CA 90006

Local realty services provided by:ERA Carlile Realty Group
2694 James M Wood Boulevard,Los Angeles, CA 90006
$1,895,000
  • 3 Beds
  • 8 Baths
  • 3,399 sq. ft.
  • Multi-family
  • Active
Listed by:jason tuvia
Office:marcus & millichap
MLS#:25583153
Source:CRMLS

Price summary

  • Price:$1,895,000
  • Price per sq. ft.:$557.52

About this home

Price Reduction! 8-unit building cash flowing at a 5.75% Cap Rate from day 1 with upside to a 7.4% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.9% Current Cap Rate, 12.1% 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.

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Home facts

  • Year built:1906
  • Listing ID #:25583153
  • Added:97 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:8
  • Living area:3,399 sq. ft.

Structure and exterior

  • Year built:1906
  • Building area:3,399 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$557.52
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