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    2716 James M Wood Blvd Los Angeles, CA 90006

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    Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.

    Property Features for 2716 James M Wood Blvd

    General Information

    Standard status
    Active

    Source: TONY AZZI Agent TONY AZZI

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Issue Affordable Housing Development

    Located in the heart of Los Angeles, the property at 2716 - 2720 James M Wood Blvd is a shovel-ready, 100% affordable housing development opportunity. The project is fully entitled and RTI (Ready-to-Issue), approved for immediate construction of a six-story, 90-unit building. The building will consist of studio and one-bedroom units. The plans include five stories of Type III-A residential construction over a Type I-A podium with ground-level amenities. The project benefits from AB 1287, AB 2334, and AB 2345, allowing for increased density, reduced setbacks, and no parking or open space requirements. The site is situated on two contiguous parcels totaling 13,541 square feet with 100 feet of frontage. The location is near Koreatown and MacArthur Park, offering walkability and access to public transit, dining, and services. The property will be delivered vacant at close of escrow. Owner financing is available with 50% down. This is an opportunity to develop a high-impact affordable housing project in an in-demand Los Angeles submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2872352
    Latitude
    34.0557276

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    FAQs

    What type of property is this?
    Apartment building - Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.
    Where is this apartment building located?
    The property is located at 2716 James M Wood Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: - Shovel-ready, 100% affordable housing development opportunity in Los Angeles.; - Fully entitled and RTI (Ready-to-Issue) for immediate construction of a 90-unit building.; - Benefits from AB 1287, AB 2334, and AB 2345, allowing increased density, reduced setbacks, and no parking or open space requirements.
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    2716 James M Wood Blvd Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2716 James M Wood Blvd Los Angeles, CA 90006
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