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Central Los Angeles
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2740 JAMES M WOOD Boulevard
Multi Family For Sale
$1,950,000
2740 JAMES M WOOD Boulevard 
Los Angeles, CA 90006
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2740 JAMES M WOOD Boulevard
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2740 JAMES M WOOD Boulevard
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2740 JAMES M WOOD Boulevard
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2740 JAMES M WOOD Boulevard

$1,950,000
Central Los Angeles
Los Angeles, CA 90006
8 bed 4 bath Lot Size: 6,771 sqft
Multi Family For Sale On ZeroDown for 8 days

Highlights

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Anything historic nearby?
This house is near Bullock's Wilshire Building, a place on the National Registry of Historic Places.
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Do people here tend to rent or own?
91% of homes in 90006 are renter-occupied with an average household size of 3.0 members.
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Is there earthquake risk?
Based on historical data, this property is at risk of experiencing earthquakes with peak ground acceleration of up to 0.40g, which would produce severe shaking and moderate to heavy structural damage. Pay close attention to natural hazards and structural inspection reports during diligence.
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Is the area walkable?
90006 has a walk score of 94, a bike score of 71, and a transit score of 69. This neighborhood is highly walkable, with daily errands easily accomplished on foot.
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Are there many restaurants nearby?
You can get takeout tacos from Stephanie Taco Truck or Tacos La Guera or burgers from Kachi Deli Cafe & Grill or Cafe Lanikai in 90006. If you'd rather sit down, check out Kachi Deli Cafe & Grill, Birdies, or Burger Lounge.
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Nearby public transit?
Public transit in 90006 is provided by Metro - Los Angeles and LADOT, with 73 Metro - Los Angeles bus stops and 16 LADOT bus stops
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Do homes stay on the market long?
Average days on market for homes in 90006 was 25.0 days this month, 40.0 days last month, and 60.0 days last year.
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What's the closest freeway?
90006 is close to freeways like CA-110, I-110, and I-10.
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How's the air quality?
The air quality in 90006 was moderate last year, with 13 days when the Air Quality Index exceeded 100.
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Where's the nearest childcare?
There are plenty of options for childcare for young familes in 90006, including Tiny Elites Daycare and Kids Town. Proximity to urgent care centers such as Inward Perspectives Urgent, Healthcare Partners Urgent Care Center, and Urgent Care is also a plus.
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Can I get groceries delivered?
Instacart grocery delivery is available in 90006 from 39 stores including Sam's Club, Gelson's, Super King, Smart & Final, and Costco.
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Can I satisfy my sweet tooth nearby?
Dessert shops like 85C Bakery Cafe, B Sweet Mobile, and Sul & Beans are great options in Koreatown for satisfying your sweet tooth.
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How often do homes sell?
17 homes were sold in 90006 this month, which is 32% lower than last month and 55% higher than last year.
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Is there flood risk?
This home is in flood zone X which is low risk. Flood insurance is available for properties in this zone, but is not required.
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Is there a park nearby?
This home is located near Francis Avenue Community Garden.
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Is the internet fast here?
Get into the gaming mode with 940.0+ Mbps download speeds available on this block powered by Charter Communications, Inc..
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How's this area's market?
There aren't too many bidding wars right now in 90006, with homes selling 2% below asking price over the last three months.
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Is the area noisy?
Ambient noise level around this home is 50 - 60 dBA , classified as moderate - safe for any time period. Sounds like a quiet office.
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Is there access to EV charging?
There are 4 electric vehicle charging locations in 90006 with a total of 5 level 2 chargers.
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How are the transit options?
More than 53% of commuters drive to work alone in 90006.
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Who would be my member of congress?
This house is in California's 34th Congressional District which is represented by Jimmy Gomez (D).
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Is the sky clear at night?
Expect bright, city-like skies and very high light pollution that makes the sky background bright and glowing enough to read at night, with only the brightest stars being visible.
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Is this a hot market?
24 homes were listed for sale this month in Koreatown. This is 35% lower compared to last month.
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How did my neighbors vote in 2020?
This home is in a precinct that voted for Joe Biden in 2020, who took 79% of the 1517 votes cast.
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What else is for sale here?
The total number of homes for sale in Koreatown is 86, which is 473% higher than it was at the same time a year ago.
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Where's the nearest grocery store?
Koreatown has convenient grocery shopping options, including International Market Place, Virgil Square Market, and K & L Wine Merchants.

The Basics

About
Great location! Amazing potential for investors. Located in the the heart of Koreatown R-4 zone. This investment offers investors a chance to own property with excellent upside potential and consistent cash flow by taking advantage of the tight Los Angeles rental market. Each unit has its own washer and dryer in-unit. Currently monthly income total is $9,200.There's an extra income $1400(1 bed 1beth)
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Property Facts
Style
Craftsman
MLS #
22155057
Year Built
1913
Lot Size
6,771 sq ft.
Property Type
Residential Income
Status
Active
County
Los Angeles
Time On ZeroDown
8 days
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Interior Features

Unit Type 3 Information

# of Beds:
2
# of Baths:
1
Furnished:
U
Total Rent:
$1,950.0
Projected Rent:
$2,200.0
# of Units:
3
Actual Rent:
$1,950.0

Unit Type 4 Information

# of Beds:
2
# of Baths:
1
Furnished:
U
Total Rent:
$1,950.0
Projected Rent:
$2,200.0
# of Units:
4
Actual Rent:
$1,950.0

Laundry Information

Has Laundry:
Yes
Laundry Features:
Dryer Included

Interior Features

Window Features:
Blinds, Screens, Double Pane Windows
Flooring:
Laminate

Heating & Cooling

Cooling:
Wall/Window Unit(s)
Heating:
Wall Furnace

Unit Type 2 Information

# of Beds:
2
# of Baths:
1
Furnished:
U
Total Rent:
$1,950.0
Projected Rent:
$2,200.0
# of Units:
2
Actual Rent:
$1,950.0

Multi-Unit Information

Gross Income:
$9,200.0
Total Expense:
$35,950.0
# of Buidings:
1
Gross Scheduled Income:
$110,400.0
Net Operating Income:
$74,450.0
Gross Rent Multiplier:
17.66

Unit Type 1 Information

# of Beds:
2
# of Baths:
1
Furnished:
U
Total Rent:
$1,950.0
Projected Rent:
$2,200.0
# of Units:
1
Actual Rent:
$1,950.0
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Exterior Features

Exterior Features

Roof:
Composition, Shingle

Building Information

Building Style:
Craftsman
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Virtual Tour, Parking, School, Utilities and Taxes

Parking Information

# of Parking Spaces:
4
Parking Features:
Built-In Storage

Utilities

Sewer:
Sewer Paid
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Financing, Location Details

Financial Information

Special Listing Conditions:
Standard

Location Information

Latitude:
34.05568
Directions:
James M Wood and Westmoreland
Longitude:
-118.287855
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Property / Lot Information

Lot Information

Lot Size (Sq. Ft.):
6771
Lot Features:
Back Yard
Lot Size (Acres):
0.1554
Zoning:
LAR4

Property Information

Parcel Number:
5077028009
# of Units:
4
Property Condition:
Updated/Remodeled

Property Features

# of Stories:
2
Security Features:
Gated Community
Appliances:
Dishwasher, Disposal, Microwave
Listed by: Susie H. Kim
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Brokerage: Redpoint Realty
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MLS#: 22155057
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Source: CRMLS
Details provided by CRMLS and may not match the public record.

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