2700 James M Wood Blvd
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2700 James M Wood Blvd
4 Unit Apartment Building $1,650,000 ($412,500/Unit) 5.05% Cap Rate Los Angeles, CA 90006
Investment Highlights
- 4 large units in Koreatown
- Individual laundry hookups
- Copper plumbing
- Excellent unit mix - (1 - 1bd+1ba, 2 - 2bd+1ba & 1 - 3bd + 1ba units)
- Controlled access entry with security cameras
Executive Summary
4 units in Koreatown. The units are very large - 4,952 sq. ft. Excellent unit mix. 1 - 1bd+1ba, 2 - 2bd+1ba and 1 - 3 bd+1ba units. 2 of the units have basements. Many upgrades. 3 of the bathrooms have been remodeled. Copper plumbing. Controlled access entry plus security cameras. Individually metered for electricity. Units have individual laundry hookups. There are 4 parking spots in the back. Close to downtown Los Angeles and public transportation.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,684
|
$24.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,684
|
$24.37
|
| Taxes |
$19,800
|
$4.00
|
| Operating Expenses |
$17,619
|
$3.56
|
| Total Expenses |
$37,419
|
$7.56
|
| Net Operating Income |
$83,265
|
$16.81
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $120,684 |
| Annual Per SF | $24.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,684 |
| Annual Per SF | $24.37 |
| Taxes | |
|---|---|
| Annual | $19,800 |
| Annual Per SF | $4.00 |
| Operating Expenses | |
|---|---|
| Annual | $17,619 |
| Annual Per SF | $3.56 |
| Total Expenses | |
|---|---|
| Annual | $37,419 |
| Annual Per SF | $7.56 |
| Net Operating Income | |
|---|---|
| Annual | $83,265 |
| Annual Per SF | $16.81 |
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $412,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,952 SF |
| Cap Rate | 5.05% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,068 | - |
| 2+1 | 1 | $2,276 | - |
| 1+1 | 1 | $1,633 | - |
| 2+1 | 1 | $3,089 | - |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5077-028-003 | Total Assessment | $942,928 (2024) |
| Land Assessment | $546,624 (2024) | Annual Taxes | $19,800 ($4.00/SF) |
| Improvements Assessment | $396,304 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5077-028-003
Land Assessment
$546,624 (2024)
Improvements Assessment
$396,304 (2024)
Total Assessment
$942,928 (2024)
Annual Taxes
$19,800 ($4.00/SF)
Tax Year
2023
zoning
| Zoning Code | LAR4 |
| LAR4 |
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2700 James M Wood Blvd
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