2716 James M Wood, Los Angeles, CA 90006

Listing agent TONY AZZI License #(S):CA:00910513

Listing office TONY AZZI t***@theazzigroup.com Show Phone

Listing date Jul 9, 2025

Source Corcoran

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

-118.287

Latitude

34.0557

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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 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.