2716 James M Wood Los Angeles, CA 90006
Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.
- Added:
- Jul 9, 2025
- Days on Market:
- 294
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 2716 James M Wood
General Information
- Standard status
- Active
Listing agent TONY AZZI License #CA:00910513
Listing office TONY AZZI (310) 909-5454
Listing date Jul 9, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of TONY AZZI
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
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.287
- Latitude
- 34.0557
Nearby Similar for Sale
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 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.
