858-525-5007

2694 James M Wood, Los Angeles CA 90006 | $1,895,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 6747 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1906
  • MLS#: 25615527
  • Community: C17 - Mid-Wilshire

Listing provided courtesy of Jason Tuvia of Marcus & Millichap. Last updated 2025-11-10 09:11:40.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.15 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985