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2998 James M Wood Blvd, Los Angeles, CA 90006
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2998 James M Wood Blvd Los Angeles, CA 90006

$1,550,000 Sold Price as of 10/04/2021
  • 12 Beds
  • 7 Baths
  • 5,932 Sq.Ft.
Sold
$1,550,000 Sold Price as of 10/04/2021 Refinance Your Mortgage
Map preview of 2998 James M Wood Blvd, Los Angeles, CA 90006

Property Overview: 2998 James M Wood Blvd Los Angeles, CA has 12 bedrooms, 7 bathrooms, 5,932 living square feet and 5,330 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Dream Realty is proud to present two building 11,837 square, fourteen-unit apartments located at 911 S. Berendo and 2998 James M. Wood Los Angeles California. Two Apartments for sale together. They are offered at $3,995,000. They are located in the trendy and high growth area of Koreatown. Back on market after 30 years. This multifamily complex offers two buildings with two addresses. 8 unit multifamily structure at 911 S Berendo and 6 unit at 2998 W James M Wood. . The 8-unit consists of 6-One Bed and One Bath, 2- Two Bed and One Bath. The 6-unit consists of 1-One Bed and One Bath, 4-Two Bed and 1.5 Bath, and 1-Three Bed and two Bath. Below market rent, One or two car parking for all units. All units are fully occupied and all rents are on time. The apartment provides long-term investors with the opportunity to own an A Class Asset on a valuable piece of land in a prime Koreatown LA. Additionally, a buyer may consider enhancing the current building and taking advantage of the significant rental upside. This property provides an investor with the once in a life-time opportunity to purchase a highly attractive property, with strong income, in an absolutely irreplaceable location.

Listed by Harry HyunMo Chung | BRE #01999369 | Dream Realty Asset Mgt, Inc.
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
5,330
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21773422
City
Los Angeles
County
Los Angeles
Time on Site
989 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $6,410
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $81,606
  • Gross Operating Income: $117,960
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2998 James M Wood Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Cooktop
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 6
  • Parcel Number: 5094024003
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: 911 S. Berendo and 2998 W. James M. Wood.
View more facts & features

Local Los Angeles Agent

Sale History for 2998 James M Wood Blvd

Last sold for $1,550,000 on October 4th, 2021

  • October, 2021

  • Oct 5, 2021

    Date

    Sold

    CRMLS: 21773422

    $1,550,000

    Price

  • Sep 3, 2021

    Date

    Active Under Contract

    CRMLS: 21773422

    $1,550,000

    Price

  • Aug 25, 2021

    Date

    Price Change

    CRMLS: 21773422

    $1,550,000

    Price

  • Aug 18, 2021

    Date

    Active

    CRMLS: 21773422

    $1,997,500

    Price

Tax History for 2998 James M Wood Blvd

Assessed Value (2020): $416,750
Year Land Value Improved Value Assessed Value
2020 $96,599 $320,151 $416,750

Home Value Compared to the Market

This property vs the competition

2998 James M Wood Blvd sold on October 4, 2021 for 30.25% 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 $261.29 per/sqft which puts the price per square foot 65.39% lower than the current median sale per square foot for the city of Los Angeles.

About 2998 James M Wood Blvd

Detailed summary of property

2998 James M Wood Blvd is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 5,932 living square feet, and sits on an approximately 5,330 square foot lot. 2998 James M Wood Blvd was first listed on ArdentRealEstateGroup.com on August 18, 2021. The homeowner sold the property for $1,550,000. 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 30.25% higher than the current median priced home. Local homes that are currently for sale include 946 S Kingsley Dr, 2970 W 11th St and 1109 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 96 days, 2998 James M Wood Blvd has a days on market of 17 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2998 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 2998 James M Wood Blvd

Public county record property details
Beds
12
Baths
11
Year built
1963
Sq. Ft.
5,932
Lot Size
5,330
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5094-024-003

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
32
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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2998 James M Wood Blvd

900 S Berendo St, Los Angeles, CA 90006
$1,600,000 Last Sold Price
17 Beds
10 Baths
3045 Sq.Ft.
900 S Berendo St
Los Angeles, CA 90006
911 S Berendo St, Los Angeles, CA 90006
$2,400,000 Last Sold Price
10 Beds
8 Baths
5905 Sq.Ft.
911 S Berendo St
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910 S Catalina St, Los Angeles, CA 90006
$1,730,000 Last Sold Price
128 Beds
64 Baths
6116 Sq.Ft.
910 S Catalina St
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932 S Berendo St, Los Angeles, CA 90006
$1,900,000 Last Sold Price
8 Beds
8 Baths
4032 Sq.Ft.
932 S Berendo St
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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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