
2694 James m Wood Blvd Los Angeles, CA 90006
Westlake NeighborhoodEstimated payment $12,627/month
About This Home
Price Reduction! 8-unit building cash flowing at a 5.5% Cap Rate from day 1 with upside to a 7.1% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 10.6% Current Cap Rate, 11.8% Proforma Cap, and only 164k/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 Details
Home Type
- Multi-Family
Year Built
- Built in 1906
Lot Details
- 6,771 Sq Ft Lot
Home Design
- Split Level Home
Interior Spaces
- 3,399 Sq Ft Home
- 2-Story Property
- Built-In Features
Bedrooms and Bathrooms
- 3 Bedrooms
- 8 Bathrooms
Parking
- 9 Parking Spaces
- Uncovered Parking
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5077-028-002
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/30/2025 07/30/25 | Price Changed | $1,950,000 | -2.3% | $574 / Sq Ft |
06/25/2025 06/25/25 | For Sale | $1,995,000 | +90.0% | $587 / Sq Ft |
09/29/2021 09/29/21 | Sold | $1,050,000 | -14.3% | $309 / Sq Ft |
08/23/2021 08/23/21 | For Sale | $1,225,000 | -- | $360 / Sq Ft |
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Source: The MLS
MLS Number: 25556971

APN: 5077-028-002
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