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3040 James M Wood Blvd Los Angeles, CA 90006

$1,280,000 Sold Price as of 07/07/2020

17 Beds
10 Baths
-- Sq.Ft.

Sold

$1,280,000 Sold Price as of 07/07/2020 Refinance Your Mortgage

Map preview of 3040 James M Wood Blvd, Los Angeles, CA 90006

Property Overview: 3040 James M Wood Blvd Los Angeles, CA has 17 bedrooms, 10 bathrooms, -- living square feet and 5,353 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Perfect investment opportunity at this well maintained R4 zoned 4 unit property. Also an excellent development potential with tier 3 under the TOC program. Great location for easy rentals. Washer & dryer in each unit. Easy access to public transportation, banks, restaurants, and markets. Remote controlled gate for security and 4 space covered garage. Please do not disturb tenants. Sold As-Is.

Listed by Christine An | BRE #01719826 | RE/MAX Mega Group

Last checked: 7 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft: 5,353
HOA Dues: $0/mo
Year built: 1921
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20539652
City: Los Angeles
County: Los Angeles
Time on Site: 1206 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: $1,550
Total Rent: $1,550
Pro Forma/Market Rent: $1,600

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,260
Total Rent: $1,260
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,800

Unit Breakdown 4

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 19.2
Gross Scheduled Income: --
Net Operating Income: $59,041
Gross Operating Income: $71,640

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3040 James M Wood Blvd

Interior Features

Heating Information

Has Heating
Wall Furnace

Kitchen Information

Has Appliances
Disposal

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Controlled Entrance

Property Information

Total # of Units: 4
Parcel Number: 5094023003

Location / Neighborhood

Location Information

Directions: North of Olympic & West of Vermont

View more facts & features

Local Los Angeles Agent

Sale History for 3040 James M Wood Blvd

Last sold for $1,280,000 on July 7th, 2020

July, 2020
Jul 11, 2020

Date

Sold

CRMLS: 20539652

$1,280,000

Price
Mar 10, 2020

Date

Active Under Contract

CRMLS: 20539652

$1,330,000

Price
Feb 10, 2020

Date

Price Change

CRMLS: 20539652

$1,330,000

Price
Feb 10, 2020

Date

Price Change

CRMLS: 20539652

$1,300,000

Price
Jan 2, 2020

Date

Active

CRMLS: 20539652

$1,380,000

Price
November, 2018
Nov 29, 2018

Date

Expired

CRMLS: SR18237014

$1,349,000

Price
Nov 19, 2018

Date

Withdrawn

CRMLS: SR18237014

$1,349,000

Price
Oct 1, 2018

Date

Active

CRMLS: SR18237014

$1,349,000

Price
Listing provided courtesy of CRMLS

INCREDIBLE investment opportunity!!

Continue Reading
September, 2018
Sep 26, 2018

Date

Expired

CRMLS: 18358516

$1,399,000

Price
Jun 26, 2018

Date

Active

CRMLS: 18358516

$1,399,000

Price
Listing provided courtesy of CRMLS

Wonderful investment opportunity at this well maintained R-4 zoned 4 unit property. Also an excellent development potential with tier 3 qualification under the "Transit Oriented Communities" program. Two upstairs units have 2 bedrooms each but have permits for one bedroom. Washer and dryer in each unit and gated 4 space covered garage. Great location for easy rentals. Close to Olympic Blvd. and Vermont Ave. for easy access to public transportation, banks, restaurants, and markets.

Continue Reading
April, 2018
Apr 4, 2018

Date

Expired

CRMLS: 18299580

$1,399,000

Price
Jan 3, 2018

Date

Active

CRMLS: 18299580

$1,399,000

Price
Listing provided courtesy of CRMLS

Wonderful investment opportunity at this well maintained R-4 zoned 4-unit property. Also an excellent development potential with tier 3 qualification under the "Transit Oriented Communities" program. Two upstairs units have 2 bedrooms each but have permits for one bedroom. Washer and dryer in each unit and gated 4 space covered garage. Great location for easy rentals. Close to Olympic Blvd. and Vermont Ave. for easy access to public transportation, banks, restaurants, and markets.

Continue Reading
January, 2018
Jan 13, 2018

Date

Expired

CRMLS: 17279466

$1,399,000

Price
Nov 27, 2017

Date

Withdrawn

CRMLS: 17279466

$1,399,000

Price
Oct 12, 2017

Date

Active

CRMLS: 17279466

$1,399,000

Price
Listing provided courtesy of CRMLS

Wonderful investment opportunity at this well maintained R-4 zoned 4-unit property. Also an excellent development potential with tier 3 qualification under the "Transit Oriented Communities" program. Two upstairs units have 2 bedrooms each but have permits for one bedroom. Washer and dryer in each unit and gated 4 space covered garage. Great location for easy rentals. Close to Olympic Blvd. and Vermont Ave. for easy access to public transportation, banks, restaurants, and markets.

Continue Reading
August, 2003
Aug 20, 2003

Date

Sold (Public Records)

Public Records

$575,000

Price
August, 2003
Aug 20, 2003

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3040 James M Wood Blvd

Assessed Value (2020): $747,518

Year	Land Value	Improved Value	Assessed Value
2020	$617,518	$130,000	$747,518

Home Value Compared to the Market

This property vs the competition

3040 James M Wood Blvd sold on July 7, 2020 for 11.76% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 3040 James M Wood Blvd

Detailed summary of property

3040 James M Wood Blvd is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 17 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 5,353 square foot lot. 3040 James M Wood Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,280,000. 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 11.76% higher than the current median priced home. Local homes that are currently for sale include 1411 Menlo Ave, 1220 S Hobart Blvd and 1400 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 96 days, 3040 James M Wood Blvd has a days on market of 68 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 3040 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 3040 James M Wood Blvd

Public county record property details

Beds: 4
Baths: 4
Year built: 1921
Sq. Ft.: 3,540
Lot Size: 5,352
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 5094-023-003

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

Median Sale to List Price %

98.71%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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(714) 706-1823

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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.