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2720 James M Wood Blvd, Los Angeles, CA 90006
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2720 James M Wood Blvd Los Angeles, CA 90006

$1,350,000 Sold Price as of 08/20/2019
  • 4 Beds
  • 4 Baths
  • 4,428 Sq.Ft.
Sold
$1,350,000 Sold Price as of 08/20/2019 Refinance Your Mortgage
Map preview of 2720 James M Wood Blvd, Los Angeles, CA 90006

Property Overview: 2720 James M Wood Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,428 living square feet and 6,770 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this value add opportunity in Koreatown. The four unit building which features all one bedroom one bathroom, will be delivered with two vacant. The property is located just east of Vermont Avenue and north of Olympic Blvd. With the approved entitlements, a new Buyer has the ability to build 22 units featuring four affordable units. That breaks down to $63,636 per build-able unit and $207 per square foot on land. A new Buyer may be able to obtain favorable financing options.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,770
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19472272
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $848
  • Total Rent: $848
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $675
  • Total Rent: $675
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $58,468
  • Improvements Total: $290,700
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2720 James M Wood Blvd

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5077028006
Location / Neighborhood
Location Information
  • Directions: East of Vermont Avenue, North of Olympic Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2720 James M Wood Blvd

Last sold for $1,350,000 on August 20th, 2019

  • August, 2019

  • Aug 22, 2019

    Date

    Sold

    CRMLS: 19472272

    $1,350,000

    Price

  • Jul 10, 2019

    Date

    Active Under Contract

    CRMLS: 19472272

    $1,400,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: 19472272

    $1,400,000

    Price

  • August, 2019

  • Aug 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • March, 2019

  • Mar 14, 2019

    Date

    Expired

    CRMLS: 18364514

    $1,800,000

    Price

  • Sep 14, 2018

    Date

    Price Change

    CRMLS: 18364514

    $1,800,000

    Price

  • Sep 12, 2018

    Date

    Price Change

    CRMLS: 18364514

    $1,730,000

    Price

  • Jul 14, 2018

    Date

    Active

    CRMLS: 18364514

    $1,870,000

    Price

  • Listing provided courtesy of CRMLS

    Price Change! This is a four-unit multifamily investment opportunity located in the Koreatown submarket of Los Angeles, consisting of four (4) 1 bedroom/1 bathroom units. Property is situated on the residential area with R-4 zoning between Downtown and Koreatown. Great opportunity for a developer, owner-user, or rent to new tenants at market value. This property is entitled for a 22-unit, 7-story new construction complex with a mechanical parking basement. This project takes advantage of the Transit Oriented Communities (TOC) incentives.

  • March, 2016

  • Mar 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

  • January, 2016

  • Jan 7, 2016

    Date

    Price Change

    CRMLS: 15965347

    $939,000

    Price

  • Listing provided courtesy of CRMLS

    Investor's delight, lots of potentials for investment or redevelopment. Property is situated on the residential area with R-4 zoning between Downtown and K town. Potential for Owner use or rent to new tenant at market value. Huge spacious units over 1,000 sq.ft. each and have separate meters. This Property can be purchase together with adjacent parcels with apartment building.

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Tax History for 2720 James M Wood Blvd

Assessed Value (2020): $1,350,000
Year Land Value Improved Value Assessed Value
2020 $1,300,000 $50,000 $1,350,000

Home Value Compared to the Market

This property vs the competition

2720 James M Wood Blvd sold on August 20, 2019 for 17.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $316.17 per/sqft which puts the price per square foot 58.12% lower than the current median sale per square foot for the city of Los Angeles.

About 2720 James M Wood Blvd

Detailed summary of property

2720 James M Wood Blvd is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,428 living square feet, and sits on an approximately 6,770 square foot lot. 2720 James M Wood Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,350,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.65% higher than the current median priced home. Local homes that are currently for sale include 1718 S New England St, 1029 S Normandie Ave and 1731 S New England St. While the average home in Los Angeles, CA is selling in 92 days, 2720 James M Wood Blvd has a days on market of 14 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2720 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 2720 James M Wood Blvd

Public county record property details
Beds
4
Baths
4
Year built
1911
Sq. Ft.
4,428
Lot Size
6,770
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5077-028-006

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.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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