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8 Unit + 8 RTI ADUs: 6.3% Cap w upside 13.2% 2694 James M Wood Blvd 8 Unit Apartment Building $2,551,020 CAD ($318,878 CAD/Unit) 6.30% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- 3rd Price Reduction! 8-Unit Building Cash Flowing at a 6.3% Cap Rate from Day 1 with Upside to an 8% Cap on Proforma!
- Prime Koreatown Location Minutes from the Wilshire/Vermont Metro Station, The Line Hotel, and Quarters KBBQ
- Approved RTI Plans to Add 8 Detached ADUs in the Back to Achieve an Incredible 11.9% Current Cap Rate, 13.2% Proforma Cap, $158k/Unit After All Costs
EXECUTIVE SUMMARY
3rd Price Reduction! 8-unit building cash flowing at a 6.3% Cap Rate from day 1 with upside to a 8% Cap on Proforma! Approved RTI plans to add 8 detached ADUs in the back parking lot to achieve an incredible 11.9% Current Cap Rate, 13.2% Proforma Cap, and only 158k/unit after taking into account all the construction costs (~680k assuming $250/SF). Large 6,770 SF R4 Lot with TOC Tier 3 designation for future development potential. 5 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, and more. Prime Koreatown location just minutes away from the Wilshire/Vermont Metro station as well as many hip neighborhood attractions, restaurants, bars, and shops such as The Line Hotel, Quarters KBBQ, Calic Bagels, H-Mart, Wi Spa, KURVE on Wilshire ($300M 644-unit luxury high-rise development) and many more.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,551,020 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $318,878 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.30% | Building Size | 4,399 SF |
| Gross Rent Multiplier | 10.84 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1906 |
| Property Type | Multifamily | Parking Ratio | 2.05/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR4 - Multiple Dwelling | ||
| Price | $2,551,020 CAD |
| Price Per Unit | $318,878 CAD |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 10.84 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,399 SF |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | LAR4 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5077-028-002 | Improvements Assessment | $224,364 CAD (2025) |
| Land Assessment | $1,346,186 CAD (2025) | Total Assessment | $1,570,550 CAD (2025) |
PROPERTY TAXES
Parcel Number
5077-028-002
Land Assessment
$1,346,186 CAD (2025)
Improvements Assessment
$224,364 CAD (2025)
Total Assessment
$1,570,550 CAD (2025)
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8 Unit + 8 RTI ADUs: 6.3% Cap w upside 13.2% | 2694 James M Wood Blvd
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