Skip To Content

    3148 James M Wood Blvd

    Los Angeles, CA 90006
    • $2,700,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 21-758346
    $2,700,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,800
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    School Ratings & Info

    Description

    PRICE REDUCED $100,000. 3148 James M Wood Blvd. is an eight -unit apartment building originally constructed in 1952 and thoroughly renovated, both exterior and interior, to modern high-end spec in 2020. (Current GRM and Cap Rate assumes lease up of vacant units 3154 and 3158 at market rent). The unit mix consists of two large 1 bed+1bath units and six large1bed+1bath+den units. All tenants at the property are new since the renovation was completed in 2020. Each unit features a large floor plan and includes an in-unit washer/dryer and individual hot water heaters. Units also feature large open kitchens, living areas and bedrooms. Each unit features an above average amount of window coverage, creating ample natural light. Another unique feature of the property is that all units have access from both the front and rear of the building. In addition to the standard separately metered gas and electricity, there are no common-area trash or gas costs to the landlord, so the utility costs at this property are significantly lower than most comparable properties. The current owner is also charging a reimbursement for water and sewer to 4 of the tenants in their leases. A new owner will be able to increase this to all tenants in new future leases. Parking is provided on-site with five single spaces.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/119101297
    Print Image

    3148 James M Wood Blvd Los Angeles, CA 90006

    • Price: $2,700,000
    • Status: Active
    • ID#: 21-758346
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,800
    SQFT
    $397
    $/SQFT
    1952
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    PRICE REDUCED $100,000. 3148 James M Wood Blvd. is an eight -unit apartment building originally constructed in 1952 and thoroughly renovated, both exterior and interior, to modern high-end spec in 2020. (Current GRM and Cap Rate assumes lease up of vacant units 3154 and 3158 at market rent). The unit mix consists of two large 1 bed+1bath units and six large1bed+1bath+den units. All tenants at the property are new since the renovation was completed in 2020. Each unit features a large floor plan and includes an in-unit washer/dryer and individual hot water heaters. Units also feature large open kitchens, living areas and bedrooms. Each unit features an above average amount of window coverage, creating ample natural light. Another unique feature of the property is that all units have access from both the front and rear of the building. In addition to the standard separately metered gas and electricity, there are no common-area trash or gas costs to the landlord, so the utility costs at this property are significantly lower than most comparable properties. The current owner is also charging a reimbursement for water and sewer to 4 of the tenants in their leases. A new owner will be able to increase this to all tenants in new future leases. Parking is provided on-site with five single spaces.
    Exterior Features

    Lot Size Area 6643 Other Structures None Parking Garage UncoveredAssigned Total Parking 5

    Interior Features

    Baths Total 8.00 Cooling Wall Unit(S) Equipment Other Heating Other Laundry In Unit

    Property Features

    Assessed Total Value 168532 Gross Income 202680 Gross Operating Income 201064 Like Units1 2 Like Units2 6 Net Operating Income 143274.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 57790 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Josh Kaplan DRE#01934177 of Transwestern Property Company West, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-758346-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-758346-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-758346-2.jpg
    Logo
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583