2716 James M Wood Boulevard Los Angeles, CA
$ 3,875,000
Property Attributes
  • MLS#20615306
  • TypeLand
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90006
  • Style
  • Price$ 3,875,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Alex Shin with Keller Williams Downtown LA.
Property Description

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.

Price History
8/10/2020 Listed $3,875,000

General Features

Listagentaor Beverly Hills/Greater LA
Listing Agent Alex Shin - BRE#02106720
Listing Agent State License 02106720
MLS Area C17 - Mid-Wilshire
Price Per Square Foot 286.17
Source System CRMLS
Special Listing Conditions Standard
View City Lights
Zoning LAR4

Exterior Features

Lot Dimensions 100x135
Lot Size Acres 0.3100
Lot Size Area 13541.0000
Lot Size Source Assessor
Lot Size Square Feet 13541.00
Lot Size Units Square Feet


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90006

AVG $2.65M
AVG 14
AVG 91
Data Provided by Walkscore ® not using MLS data

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