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2755 James M Wood Boulevard

Los Angeles, CA 90006

$1,460,000

List Price

8

bed Beds

8

shower Baths

3,777 sqft

straighten / sqft

1952

calendar_month Built

Property Description

Opportunity to acquire 2755 James M Wood Blvd, an 8-unit apartment building located in the heart of prime Koreatown, one of the most desirable and rapidly developing submarkets of Los Angeles. Originally constructed in 1952, 2755 James M Wood Blvd, is a well-maintained two-story structure with strong cash flow and upside potential. Spanning 3,777 square feet on a 6,753 square foot lot, the property features eight thoughtfully designed one-bedroom, one-bath units. Four of these units have been tastefully upgraded with modern kitchens and bathrooms, vinyl plank flooring, and premium stainless-steel appliances, while all units boast open floor plans that create a bright and inviting atmosphere. Additional highlights include eight parking spaces (one designated for trash bins) and an on-site laundry facility for tenant convenience. The electrical panel has been recently upgraded, and the property is separately metered for gas and electricity. Moreover, there is Accessory Dwelling Unit (ADU) potential at the rear of the building, offering a further opportunity to increase income (Buyer to verify). With a complete interior renovation program, an investor can fully capitalize on the remaining rental upside, making this an exceptional investment opportunity. The Property is ideally positioned in prime Koreatown, one of the most sought-after and vibrant communities in Los Angeles. The Property is a Walker's Paradise, conveniently located amongst nearby amenities including enter tainment venues, restaurants, shopping, hotels, and nightlife. Tenants are less than half a mile away from Southwestern Law School, only 0.6 miles away from the Wilshire/Vermont Metro Red and Purple Line Station and 0.9 miles away from the Westlake/Macarthur Park Station, offering tenants excellent accessibility across Los Angeles. The Purple Line is currently undergoing construction to extend the line by 2026 with new stations servicing Miracle Mile, Beverly Hills, Westwood and Brentwood. Further, the Property is centrally located near major employment centers including Downtown LA, Beverly Hills, Century City, Hollywood, West Hollywood, and Mid-Wilshire. Located in an area with immense economic growth, 2755 James M Wood provides investors with the opportunity to acquire a well-maintained asset with significant upside potential.

Listing Information

List Price $1,460,000
Status Active
MLS 24450019
Type Residential Income
Year Built 1952
Lot Size 6,755
Structure Size 3,777
DOM 8
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Janet Neman DRE#01069127
Co-Listing Agent Angelica Gotzev DRE#02053007

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$1,799,500

king_bed 8
shower 8
straighten 4,320
straighten 6,754
2743 James M Wood Boulevard, #8,

Los Angeles, CA 90006
Image

$2,700/month

king_bed 2
shower 2
straighten 1,400
straighten 6,749
2860 Francis Avenue,

Los Angeles, CA 90005
Image

$2,100/month

king_bed 2
shower 1
straighten 850
straighten 6,773
2740 James M Wood Boulevard,

Los Angeles, CA 90006
Image

$3,000,000

king_bed N/A
straighten N/A
straighten 12,632
2808 W 8Th Street,

Los Angeles, CA 90005
Image

$799,000

king_bed 3
shower 2
straighten 1,440
straighten 24,732
940 Elden Avenue, #402,

Los Angeles, CA 90006

Listing information courtesy of: Janet Neman, Angelica Gotzev, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 2:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.