2740 James M Wood Boulevard, Los Angeles, CA 90006 (MLS # 25615071)

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PRICE $1,460,000 dsIDX morgage calculator
BEDS 8
BATHS 4
HOME SIZE 3,400 sqft
LOT SIZE 6,774 sqft

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.

DAYS ON MARKET 76 LAST UPDATED 11/4/2025
YEAR BUILT 1913 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Electric, Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Washer
AREA C17 - Mid-Wilshire
HEAT Natural Gas
LOT 6774 sq ft
LOT DIMENSIONS 6773
PARKING Gated
SEWER Other
STORIES 1
VIEW Yes
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TOTAL MONTHLY PAYMENT

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Listed with Redpoint Realty

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