2694 James M Wood Blvd, Los Angeles, CA, 90006
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Property Details
3
8
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 3 • Bathrooms: 8 • Square Feet: 3399 • Lot/Size: 6,747 sqft lot
Description: Huge 200k Price Reduction! 8-unit building cash flowing at a 6.75% Cap Rate from day 1 with upside to an 8.3% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 12.1% Current Cap Rate, 13.3% Proforma Cap, and only 154k/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 attracti
Location
Address
2694 James M Wood Blvd, Los Angeles, CA, 90006
City
Los Angeles
Features and Finishes
Year Built: 1906; [object Object]; [object Object]; [object Object]
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