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2694 James M Wood Blvd
Los Angeles, CA 90006 Koreatown

$1,825,000 USD

Apartments For Sale • 4,399 SF

Property Details

Property Type Apartments
Total Building Size 4,399 SF
Lot Size 0.16 AC
Building Class C
Year Built 1906
Cap Rate 6.50 %
Zoning LAR4

81 Transit Score

95 Walk Score

                
                    Highlights
                
                                Strong Cash Flow: 8-unit building offers a solid 6.5% Cap Rate from day one, with potential to reach 8.1% on Proforma.
                            
                                Development Potential: Approved RTI plans to add 8 detached ADUs in the back parking lot, positioning the property for significant future returns.
                            
                                Upgraded Units: 5 renovated units feature modern updates including new cabinets, flooring, kitchens, and bathrooms, along with exterior improvements.

Property Flyers

Offering Memorandum

Cap Rate:

6.50 %

Amenities

Kitchen
Oven
Range
Tub/Shower
Pantry

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.1 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	8 min	-	4.2 mi
Transit/Subway	Drive	Walk	Distance
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.7 mi
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	13.1 mi
Los Angeles International	24 min	-	13.8 mi
Long Beach (Daugherty Field)	31 min	-	23.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Surface
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

2694 James M Wood Blvd Los Angeles, CA 90006 Koreatown