Ready-to-Issue Affordable Housing
For Sale
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2716 James M Wood, Los Angeles, CA 90006
Shovel-ready, 90-unit affordable housing development opportunity in Los Angeles.
Property SizeContact for details
Days on Market412
Property Features for 2716 James M Wood
General Information
Standard status
Active
Listing Agency:
TONY AZZI
(310) 909-5454
Listed By:
TONY AZZI · License #(S):CA:00910513
Source:
Corcoran
Added: Jul 9, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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.
