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2960 James M Wood Blvd

Los Angeles, CA 90006
  • $2,700,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 22-150351
UPDATED: 29 min ago
$2,700,000
  • 1
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,800
    SQFT
  • $397
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:
Area:

School Ratings & Info

Description

I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. 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.
www.searchdesertrealestate.com/homes/128078338
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2960 James M Wood Blvd Los Angeles, CA 90006

  • Price: $2,700,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 29 min ago
  • MLS #: 22-150351
1
Beds
0
Baths
0
½ Baths
0.12
Acres
6,800
SQFT
$397
$/SQFT
1923
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.
Exterior Features

Lot Size Area 2756 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 12.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1801018 Gross Income 190054 Gross Operating Income 193356 Like Units1 11 Like Units2 1 Net Operating Income 112803.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 80553 Type Of Units Residential Year Built Source Assessor Zoning Lar4

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. 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.
 
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