Huge 200k Price Reduction! 8-unit building cash flowing at a 6.75% Cap Rate from day 1 with upside to an 8.3% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 12.1% Current Cap Rate, 13.3% Proforma Cap, and only 154k/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.
Sold for $1,650,000
$1,650,000
2694 James M Wood Blvd, Los Angeles, CA 90006
3beds
8baths
3,399sqft
Multi Family
Built in 1906
-- sqft lot
$-- Zestimate®
$485/sqft
$3,682 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,682/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Julio Ruiz DRE # 01911261 818-524-0706,
Global Platinum Properties, Inc. 424-394-1030,
Armin Soleimani DRE # 01846872 310-666-2246,
Global Platinum Properties, Inc.
Bought with:
Outside Area, DRE # N/A
Outside Area Listings
Source: CLAW,MLS#: 26782991
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 8
Heating
- Wall
Cooling
- Ceiling Fan(s)
Appliances
- Included: Exhaust Fan
Interior area
- Total structure area: 3,399
- Total interior livable area: 3,399 sqft
Property
Parking
- Parking features: Gated
Features
- Levels: Two
Lot
- Size: 6,747 Square Feet
Details
- Additional structures: None
- Parcel number: 5077028002
- Zoning: LAR4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1906
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $485/sqft
- Tax assessed value: $1,114,268
- Date on market: 4/22/2026
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Sold | $1,650,000+57.1%$485/sqft |
Source:  CLAW #26782991 Report a problem | ||
| 9/29/2021 | Sold | $1,050,000$309/sqft |
Source:  CLAW #21789704 Report a problem | ||
| 7/23/2021 | Sold | $1,050,000+76.5%$309/sqft |
Source: Public Record Report a problem | ||
| 5/18/2004 | Sold | $595,000+70%$175/sqft |
Source: Public Record Report a problem | ||
| 5/13/2003 | Sold | $350,000+82.3%$103/sqft |
Source: Public Record Report a problem | ||
| 3/30/1994 | Sold | $192,000$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,136,552 +2% |
| 2025 | $14,275 +1.2% | $1,114,268 +2% |
| 2024 | $14,109 +1.9% | $1,092,420 +2% |
| 2023 | $13,853 +4.6% | $1,071,000 +2% |
| 2022 | $13,243 +30.9% | $1,050,000 +34.4% |
| 2021 | $10,117 -0.9% | $781,530 +1% |
| 2020 | $10,211 | $773,517 +2% |
| 2019 | $10,211 +5.6% | $758,351 +2% |
| 2018 | $9,671 | $743,482 +2% |
| 2017 | $9,671 +2.6% | $728,905 +2% |
| 2016 | $9,430 +2.5% | $714,614 +6.7% |
| 2015 | $9,200 +12.9% | $670,000 +17.5% |
| 2014 | $8,149 | $570,000 +18.8% |
| 2012 | -- | $480,000 -11.1% |
| 2011 | -- | $540,000 |
| 2010 | -- | $540,000 -17.8% |
| 2009 | -- | $656,925 +2% |
| 2008 | -- | $644,045 +2% |
| 2007 | -- | $631,418 +2% |
| 2006 | -- | $619,038 |
| 2005 | -- | $619,038 +73.6% |
| 2004 | -- | $356,534 +58.2% |
| 2003 | -- | $225,316 +2% |
| 2002 | -- | $220,899 +18.8% |
| 2000 | -- | $186,000 |
Find assessor info on the county website
Neighborhood: Koreatown
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Nearby schools
GreatSchools rating
- 8/10Hoover Street Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Berendo Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10RFK Community Schools Los Angeles High School Of The ArtsGrades: 9-12Distance: 0.6 mi
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- California
- Los Angeles County
- Los Angeles
- 90006
- Koreatown
- 2694 James M Wood Blvd
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