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3250-3254 James M Wood Blvd
Los Angeles, CA 90006
French Normandie Apartments-Price Reduced! · Multifamily Property For Sale
·
8 Units
Investment Highlights
- PRICE REDUCED! SUBMIT ALL OFFERS!
- Charming French Normandie Architecture on a Corner Lot
- Potential Development Site-Build Upwards of 31 Units
- $246k Per Unit, 13.79 GRM and a 4.25% Current Cap Rate
- Substantial Remaining Rental Upside-Many Low Rents
- Opportunity to Potentially Convert Carport into ADU Units
Property Facts
| No. Units | 8 | Building Size | 5,479 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 0.91/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R4, Los Angeles - The property sits on a high visibility 6,951 sq ft corner lot zone R4-2 in a prime Koreatown location with TOC Tier 3 just east of Western Avenue | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,479 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R4, Los Angeles - The property sits on a high visibility 6,951 sq ft corner lot zone R4-2 in a prime Koreatown location with TOC Tier 3 just east of Western Avenue |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 500 |
| 1+1 | 4 | - | 725 |
| 2+1 | 1 | - | 1,075 |
Property Taxes
| Parcel Number | 5094-021-017 | Improvements Assessment | $645,048 |
| Land Assessment | $1,300,500 | Total Assessment | $1,945,548 |
Property Taxes
Parcel Number
5094-021-017
Land Assessment
$1,300,500
Improvements Assessment
$645,048
Total Assessment
$1,945,548
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