2694 James M Wood Boulevard, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

8-unit building cash flowing at a 5.35% Cap Rate from day 1 with upside to almost a 7% Cap on Proforma! Preliminary plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.4% Current Cap Rate, 11.6% Proforma Cap, and only 167k/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.

Property type: (Multi-Family)

Status: Active

MLS# 25556971

List price is $1,995,000

Beds: 3

Baths: 8

Built in 1906

3,399 sqft

0.16 acres

Lot size: 0.1554

County: Los Angeles

Zoning: LAR4

Parking description: Uncovered

MLS area: C17 - Mid-Wilshire

Last Updated: 6/25/2025

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.055647, -118.286686.
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Listing Agent: Kian Maronde
Co Listing Agent: Jason Tuvia
Lic#: 01276603
Office Name: Tustin

No schools were found in the area

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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