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2716 James M Wood Blvd

Los Angeles, CA 90006
  • $3,600,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: 21-795408
UPDATED: 41 min ago
$3,600,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

We are proud to exclusively present for sale a Development Opportunity in Koreatown, Los Angeles. The 58 Unit Residential Concept would be built on the Double Lot that consists of 13,541 SF of R4-1 Tier 3 TOC Land. The future development will have 100 Feet of frontage on James M. Wood Blvd. The Concept Design spans five floors of living space with parking at grade and underground. The current preliminary design includes 18 studios, 28 one bedroom units and 12 two bedroom units, all with a balcony. The rooftop deck should provide great views of Koreatown to DTLA! Sitting on the eastern end of Koreatown, this part of Los Angeles is undergoing a tremendous change and becoming the envy of metro LA. Walk Score calls this location a Walker's Paradise and declares that it has Excellent Transit - the approximately 1/2 mile walk to the Wilshire/Vermont Metro Station opens up the neighborhood to the rest of what Los Angeles has to offer. The City Planner currently has all of the preliminary entitlement documents. The Letter of Determination is expected to be approved in the next couple of months. Currently, the sites hosts a Duplex on one lot and Fourplex on the attached lot, both buildings with tenants. The properties are being sold as-is.Listing includes two APNs: 5077-028-005 and 5077-028-006. Property will be delivered with existing tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T19:44:06.173. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/122384691
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2716 James M Wood Blvd Los Angeles, CA 90006

  • Price: $3,600,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 41 min ago
  • ID#: 21-795408
0
Beds
0
Baths
0
½ Baths
0.31
Acres
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
We are proud to exclusively present for sale a Development Opportunity in Koreatown, Los Angeles. The 58 Unit Residential Concept would be built on the Double Lot that consists of 13,541 SF of R4-1 Tier 3 TOC Land. The future development will have 100 Feet of frontage on James M. Wood Blvd. The Concept Design spans five floors of living space with parking at grade and underground. The current preliminary design includes 18 studios, 28 one bedroom units and 12 two bedroom units, all with a balcony. The rooftop deck should provide great views of Koreatown to DTLA! Sitting on the eastern end of Koreatown, this part of Los Angeles is undergoing a tremendous change and becoming the envy of metro LA. Walk Score calls this location a Walker's Paradise and declares that it has Excellent Transit - the approximately 1/2 mile walk to the Wilshire/Vermont Metro Station opens up the neighborhood to the rest of what Los Angeles has to offer. The City Planner currently has all of the preliminary entitlement documents. The Letter of Determination is expected to be approved in the next couple of months. Currently, the sites hosts a Duplex on one lot and Fourplex on the attached lot, both buildings with tenants. The properties are being sold as-is.Listing includes two APNs: 5077-028-005 and 5077-028-006. Property will be delivered with existing tenants.
Exterior Features

Lot Size Area 13541 Road Frontage 100 View Description Other View YN Yes

Property Features

Cable YN Yes Inclusions Tenants. Potential Usage 58 Unit Residential Building Present Use Duplex And Fourplex - With Tenants. Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning R4-1 Tier 3

Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T19:44:06.173. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101