2716 James M Wood Blvd Los Angeles, CA 90006

$1,425,000 Sold Price as of 07/11/2019

4 Beds
2 Baths
2,521 Sq.Ft.

Off Market

$1,425,000 Sold Price as of 07/11/2019 Refinance Your Mortgage

Map preview of 2716 James M Wood Blvd, Los Angeles, CA 90006

Property Overview: 2716 James M Wood Blvd Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,521 living square feet and 6,770 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2716 James M Wood Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2716 James M Wood Blvd

Last sold for $1,425,000 on July 11th, 2019

May, 2022
May 25, 2022

Date

Expired

CRMLS: 21795408

$3,600,000

Price
Oct 14, 2021

Date

Active

CRMLS: 21795408

$3,600,000

Price
Listing provided courtesy of CRMLS

We are proud to exclusively present for sale a Development Opportunity in Koreatown, Los Angeles. The 58 Unit Residential Concept would be built on the Double Lot that consists of 13,541 SF of R4-1 Tier 3 TOC Land. The future development will have 100 Feet of frontage on James M. Wood Blvd. The Concept Design spans five floors of living space with parking at grade and underground. The current preliminary design includes 18 studios, 28 one bedroom units and 12 two bedroom units, all with a balcony. The rooftop deck should provide great views of Koreatown to DTLA! Sitting on the eastern end of Koreatown, this part of Los Angeles is undergoing a tremendous change and becoming the envy of metro LA. Walk Score calls this location a Walker's Paradise and declares that it has Excellent Transit - the approximately 1/2 mile walk to the Wilshire/Vermont Metro Station opens up the neighborhood to the rest of what Los Angeles has to offer. The City Planner currently has all of the preliminary entitlement documents. The Letter of Determination is expected to be approved in the next couple of months. Currently, the sites hosts a Duplex on one lot and Fourplex on the attached lot, both buildings with tenants. The properties are being sold as-is.Listing includes two APNs: 5077-028-005 and 5077-028-006. Property will be delivered with existing tenants. Property can be delivered RTI for $5.8m.

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September, 2020
Sep 29, 2020

Date

Canceled

CRMLS: 20615306

$3,875,000

Price
Aug 10, 2020

Date

Active

CRMLS: 20615306

$3,875,000

Price
Listing provided courtesy of CRMLS

I am pleased to present a rare opportunity to redevelop a 2-parcel lot in Koreatown totalling over 13,500 SF with R4 zoning and TOC density bonus of 70%. ~TOC APPROVED FOR 58 UNITS AND RTI PLANS SUBMITTED~ Existing buildings are a 4plex and duplex which features all 1 bedroom 1 bathroom, will be delivered vacant or with tenants with a signed buy-out agreement to leave with 30 days notice. Enjoy the income while getting the property to RTI or get it vacant. The property is located in the hottest and most dense submarket of Koreatown, just north of Olympic Blvd and east of Vermont Ave. Extremely desirable lot with a HUGE frontage. Lot dimensions are 100x135ft. With the approved entitlements, Buyer has the ability to build a 58-unit 6 story multifamily building. That comes out to only $66,810 per unit. Buy now and save before RTI is done, after RTI the lot will be worth est. $5,800,000.

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January, 2020
Jan 31, 2020

Date

Expired

CRMLS: 19466736

$1,490,000

Price
Jun 24, 2019

Date

Withdrawn

CRMLS: 19466736

$1,490,000

Price
Jun 14, 2019

Date

Active Under Contract

CRMLS: 19466736

$1,490,000

Price
May 29, 2019

Date

Pending

CRMLS: 19466736

$1,490,000

Price
May 16, 2019

Date

Active

CRMLS: 19466736

$1,490,000

Price
Listing provided courtesy of CRMLS

Excellent development opportunity for R-4 zoned, tier 3 qualification under the "Transit Oriented Communities" program. Great potential location with multiple new developments around the surrounding area, which includes a new mall and market in walking distance. Well maintained duplex with 3 bed + 2 baths each units which includes spacious parking spaces located in backyard. Conveniently situated in the prime location of Korea town. Being only minutes to Downtown Los Angeles and footsteps from restaurants, shopping and entertainment areas.

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July, 2019
Jul 11, 2019

Date

Sold (Public Records)

Public Records

$1,425,000

Price
May, 2019
May 16, 2019

Date

Canceled

CRMLS: 18365350

$1,790,000

Price
Jul 15, 2018

Date

Active

CRMLS: 18365350

$1,790,000

Price
Listing provided courtesy of CRMLS

Excellent development opportunity for R-4 zoned, tier 3 qualification under the "Transit Oriented Communities" program. Great potential location with multiple new developments around the surrounding area, which includes a new mall and market in walking distance. Well maintained duplex with 3 bed + 2 baths each units which includes spacious parking spaces located in backyard. Conveniently situated in the prime location of Korea town. Being only minutes to Downtown Los Angeles and footsteps from restaurants, shopping and entertainment areas.

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October, 2011
Oct 27, 2011

Date

Sold (Public Records)

Public Records

$453,000

Price

Tax History for 2716 James M Wood Blvd

Assessed Value (2020): $1,425,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,140,000	$285,000	$1,425,000

About 2716 James M Wood Blvd

Detailed summary of property

2716 James M Wood Blvd is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90006 and last sold on July 11, 2019 for $1,425,000. This property has 4 bedrooms, 2 bathrooms, roughly 2,521 living square feet, and sits on an approximately 6,770 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 27.23% higher than the current median priced home. 2716 James M Wood Blvd was last sold on July 11, 2019 for $1,425,000. Local nearby listings include 440 S Occidental Blvd #202, 3223 W 6th St #902 and 3223 W 6th St #205. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 2716 James M Wood Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2716 James M Wood Blvd

Public county record property details

Beds: 4
Baths: 2
Year built: 1906
Sq. Ft.: 2,521
Lot Size: 6,770
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 5077-028-005

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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