2755 James M Wood Boulevard

Los Angeles, CA 90005

$1,460,000
Price
8
Beds
8
Baths
3,777 Sq. Ft.
$387 / Sq. Ft.
3,777
Sq. Ft.
$387
per Sq. Ft.
a view of a house with a tree front of house
a front view of a house with a yard
a view of staircase with large window
a view of a house with wooden stairs and a small yard
a view of entryway and hall
a kitchen with stainless steel appliances granite countertop a refrigerator sink and white cabinets
wooden floor in an empty room
a bathroom with a sink a toilet and shower
an empty room with a window and a ceiling fan
a stove top oven sitting inside of a kitchen

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...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.
  1. Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Angelica Gotzev • DRE #02053007 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2755 James M Wood Boulevard

Zoning
LAR4
Parcel Number
5077025024
Total Units
8.0
Living Area
3777
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
3%
Lot Size Area
6755
LISTING UPDATED: 10/09/2024 12:01 AM

Property Details for 2755 James M Wood Boulevard

StatusActive
MLS #24-450019
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.16 AC / 6,755 SF
CountyLos Angeles County

Building Information for 2755 James M Wood Boulevard

Stories2Residences-Year Built1952Building Size-Lot Size0.16 AC / 6,755 SF

Property Information for 2755 James M Wood Boulevard

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $129,665
  • Net Operating Income: $77,621.00
  • Gross Income: $11,140
  • Cap Rate: 5.32%
  • Gross Rent Multiplier: $10.92
  • Actual Gross Annual Income: $133,675
  • Total Annual Expense: 52043
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1551
  • Lot Size Square Feet: 6755
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Microwave, Range/Oven, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,282.00
  • Unit Actual Rent: $10,257.00
  • Unit Projected Rent: $15,160.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $477,886.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $716,830.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,194,716.00

Property History for 2755 James M Wood Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2755 James M Wood Boulevard

Taxable ValueLand$731,166Additions$488,163Total$1,219,329
Tax Record2024$15,634 ($1,303 / month)
Home Facts
Total Finished SqFt3,777 SqFtAbove Grade Finished SqFt3,777 SqFtLot Size6,753 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningLAR4CountyLOS ANGELESAPN5077-025-024

Schools near 2755 James M Wood Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Hoover Street Elementary School
Public - K to 5
Berendo Middle School
Public - 6 to 8
Young Oak Kim Academy
Public - 6 to 8
Rfk Community Schools- For The Visual Arts And Humanities
Public - 9 to 12
Rating
School
Distance
Hoover Street Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

Young Oak Kim Academy
Public6 to 8

Rfk Community Schools- For The Visual Arts And Humanities
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2755 James M Wood Boulevard, Los Angeles, CA 90005

2755 James M Wood Boulevard is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on October 1, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,460,000. It has been on the market for a total of 52 days and was last sold on January 7, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Hoover Street Elementary School, Berendo Middle School and Young Oak Kim Academy. 2755 James M Wood Boulevard is a 8-bed, 8-bath, 3,777 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.