2694 James M Wood Boulevard

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 2694 James M Wood Boulevard in Los Angeles, California. The subject property is located in a prime Koreatown location, north of Olympic Boulevard and east of Vermont Avenue.

Built in 1906, this multifamily property offers a rare investment opportunity in a prime Koreatown location, one of Los Angeles’ most walkable and high-demand submarkets. The existing building

features a desirable unit mix of five (5) studios and three (3) one-bedroom units, providing strong in-place income with an attractive cap rate of 5.75% from day one. Situated on a large 6,770 SF R4-zoned lot with TOC Tier 3 designation, the property also presents significant future upside through redevelopment or densification. Preliminary plans are in place to add eight (8) detached ADUs in the rear parking area, allowing for substantial value-add potential while maintaining full on-site parking. With a blend of immediate cash flow and long-term development prospects, this asset is well positioned for both stable returns and strategic growth.

With a strong in-place cap rate of 5.75% and significant future upside through planned ADU additions and TOC Tier 3 redevelopment potential, this Koreatown asset offers both immediate cash flow and long-term value. It’s a rare opportunity to invest in one of LA’s most vibrant and high-growth neighborhoods.