2694 James M Wood Boulevard

2694 James M Wood Blvd, Los Angeles, CA 90006, USA

For Sale

$1,225,000

Property Description

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 2694 James M Wood Boulevard in Los Angeles, California. The subject property is situated in a prime Koreatown location, north of West Olympic Boulevard and west of Hoover Street.

Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove and the Brown Derby. Today, Korean and Latino populations contribute to Koreatown’s rich cultural diversity. K-town is also known for having one of the largest concentration of nightclubs and 24- hour businesses and restaurants in the country. Even frequent visitors have only scratched the surface of this vibrant district. are Korean BBQ restaurants with tabletop grills, plus karaoke joints, hip speakeasies and flashy clubs, as well as the landmark Wiltern Theatre, an art deco music venue. K-town’s dense mix of historic buildings and contemporary complexes also features traditional spas, bubble tea cafes and specialty grocery stores. This area also offers residents with easy access to nearly every part of LA via the LA Metro and nearby US -10, -101, and -110 Freeways.

Built in 1906, this offering contains a good unit mix of five (5) bachelor units and three (3) one-bedroom/one-bathroom units. These units are spacious and bright with tons of built-in storage and plenty of windows letting in natural light. All of the units sit in the 3,400 SF building on the near 7,000 SF lot. This lot features a gate, quaint and grassy front yard plus full on-site parking in the rear. Residents of the subject property live in a walker’s paradise, with food, retail, and entertainment on every nearby corner. Tenants can walk two (2) blocks north to W 8th St to visit ChiMac Star, Mochinut, New York Bakery, and Ondal takeout. Walking two (2) blocks south instead brings tenants to W Olympic Blvd where they can visit TGI Korean BBQ, Coffee MCO, Arapahoe Plaza Shopping Mall, and Yangmani takeout. Although W 8th St and W Olympic Blvd are home to sought-after commercial corridors, the nearby portion of S Vermont Ave is buzzing with entertainment at nearly every front. Residents can take a short five (5) minute walk to S Vermont Ave to visit Park’s BBQ, Crab House, J BBQ, The New Leaf Clothing, Corner Place, Zion Market, and much more.

Situated in prime Koreatown, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside in a bustling submarket of Los Angeles

Contact Agent

Jason Tuvia

(818) 212-2735

Unit Mix

Five (5) Studio / 1 Bathroom Units & Three (3) 1 Bedroom / 1 Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

3,399 SF

Total Units

Year Built

1906

Property Location

2694 James M Wood Blvd, Los Angeles, CA 90006, USA

Property Description

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 2694 James M Wood Boulevard in Los Angeles, California. The subject property is situated in a prime Koreatown location, north of West Olympic Boulevard and west of Hoover Street.

Located west of Downtown L.A. and south of Hollywood, Koreatown is one of the most diverse neighborhoods in Los Angeles. Encompassing roughly 3 square miles, the area was once the epicenter of Golden Age Hollywood, home to the Ambassador Hotel, the Cocoanut Grove and the Brown Derby. Today, Korean and Latino populations contribute to Koreatown’s rich cultural diversity. K-town is also known for having one of the largest concentration of nightclubs and 24- hour businesses and restaurants in the country. Even frequent visitors have only scratched the surface of this vibrant district. are Korean BBQ restaurants with tabletop grills, plus karaoke joints, hip speakeasies and flashy clubs, as well as the landmark Wiltern Theatre, an art deco music venue. K-town’s dense mix of historic buildings and contemporary complexes also features traditional spas, bubble tea cafes and specialty grocery stores. This area also offers residents with easy access to nearly every part of LA via the LA Metro and nearby US -10, -101, and -110 Freeways.

Built in 1906, this offering contains a good unit mix of five (5) bachelor units and three (3) one-bedroom/one-bathroom units. These units are spacious and bright with tons of built-in storage and plenty of windows letting in natural light. All of the units sit in the 3,400 SF building on the near 7,000 SF lot. This lot features a gate, quaint and grassy front yard plus full on-site parking in the rear. Residents of the subject property live in a walker’s paradise, with food, retail, and entertainment on every nearby corner. Tenants can walk two (2) blocks north to W 8th St to visit ChiMac Star, Mochinut, New York Bakery, and Ondal takeout. Walking two (2) blocks south instead brings tenants to W Olympic Blvd where they can visit TGI Korean BBQ, Coffee MCO, Arapahoe Plaza Shopping Mall, and Yangmani takeout. Although W 8th St and W Olympic Blvd are home to sought-after commercial corridors, the nearby portion of S Vermont Ave is buzzing with entertainment at nearly every front. Residents can take a short five (5) minute walk to S Vermont Ave to visit Park’s BBQ, Crab House, J BBQ, The New Leaf Clothing, Corner Place, Zion Market, and much more.

Situated in prime Koreatown, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside in a bustling submarket of Los Angeles

Contact Agent

Jason Tuvia

(818) 212-2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Five (5) Studio / 1 Bathroom Units & Three (3) 1 Bedroom / 1 Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Koreatown

Price

$1,225,000

Price per Unit

$153,125

Price per SF

$360.40

Status

For Sale

Size

3,399 SF

Total Units

8

Year Built

1906

Property Location

2694 James M Wood Blvd, Los Angeles, CA 90006, USA