Prime Koreatown location. Rare R-4 zoned asset on a 6,771 sq ft lot with potential for approximately 12-25 units (buyer to verify). Exceptional development and value-add opportunity in one of the tightest rental markets in Los Angeles. Property features 4 upgraded units with in-unit washer/dryer, generating $105,600 in current annual income. Extensive capital improvements already completed, including roof, plumbing, electrical, and exterior cement walls, significantly reducing execution and holding risk. Pricing reflects land value with income in place. Upside is intentionally left for the next owner through redevelopment, density expansion, or long-term appreciation. Ideal for developers, 1031 exchange buyers, and long-term investors seeking strong cash flow today and substantial upside tomorrow.
Property Details
Price:
$1,430,000
MLS #:
25615071
Status:
Active
Beds:
8
Baths:
4
Address:
2740 James M Wood BL
Type:
Single Family
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Nov 4, 2025
State:
CA
Finished Sq Ft:
3,400
Total Sq Ft:
3,400
ZIP:
90006
Lot Size:
6,773 sqft / 0.16 acres (approx)
Year Built:
1913
Schools
Interior
Appliances
G D, R F, G O, G R, G S
Cooling
E L C, W W
Flooring
L A M
Heating
G A S
Laundry Features
D I N C, W I N C
Exterior
Parking Spots
4
Security Features
S D
Financial
Map
Contact Us
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Courtesy of Redpoint Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2740 James M Wood BL
Los Angeles, CA
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