$1,430,000

2740 James M Wood Boulevard, Los Angeles, CA 90006

  • 8 beds
  • 3,400 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1913
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $421/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Prime Koreatown location. Rare R-4 zoned asset on a 6,771 sq ft lot with potential for approximately 12-25 units (buyer to verify). Exceptional development and value-add opportunity in one of the tightest rental markets in Los Angeles. Property features 4 upgraded units with in-unit washer/dryer, generating $105,600 in current annual income. Extensive capital improvements already completed, including roof, plumbing, electrical, and exterior cement walls, significantly reducing execution and holding risk. Pricing reflects land value with income in place. Upside is intentionally left for the next owner through redevelopment, density expansion, or long-term appreciation. Ideal for developers, 1031 exchange buyers, and long-term investors seeking strong cash flow today and substantial upside tomorrow.

Listing Status:
Active
Date Added:
November 4, 2025
Data Last Updated:
April 15, 2026 at 1:08AM
Listing Office:
Redpoint Realty : 213-380-1500
Listing Agent:
Susie H. Kim : 323-204-7974
MLS ID:
CL25615071
  • Laundry: DryerWasher
  • Flooring: Laminate
  • A/C: OtherWall/Window Unit(s)
  • Heating: Natural Gas
  • Parking: OtherParking spaces: 4
  • County: Los Angeles
  • Zoning: LAR45077028009

This listing courtesy of Susie H. Kim , Redpoint Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hoover Street Elementary

2726 Francis Ave, Los Angeles, CA, 90005

Grades KG-5

0.16 miles away

Y

Young Oak Kim Academy

615 Shatto Pl, Los Angeles, CA, 90005

Grades 6-8

0.53 miles away

R

RFK Community Schools - New Open World Academy

3201 W 8th St, Los Angeles, CA, 90005

Grades KG-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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