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Active
2716 -2720 James M Wood BLVD Los Angeles, CA 90006
0.31 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25544533
HOA Y/N No
Lot Size 0.311 Acres
Property Description
This unpriced offering at 2716 - 2720 James M Wood Blvd presents a shovel-ready, 100% affordable housing development opportunity in the heart of Los Angeles. Contact the listing agent for more information. Fully entitled and RTI (Ready-to-Issue), the project is approved for immediate construction of a six-story, 90-unit building comprised of studio and one-bedroom units. The plans feature five stories of Type III-A residential construction over a Type I-A podium with ground-level amenities. Leveraging the benefits of AB 1287, AB 2334, and AB 2345, the project enjoys increased density, reduced setbacks, and no parking or open space requirements. Situated on two contiguous parcels totaling 13,541 SF with 100 feet of frontage, the site is ideally located near Koreatown and MacArthur Park offering exceptional walkability and access to public transit, dining, and services. Delivered vacant at close of escrow and with owner financing available (50% down), this offering represents a rare chance to develop a high-impact affordable housing project in one of Los Angeles' most in-demand submarkets.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Inclusions Fourplex and Duplex
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 5077028005
Special Listing Condition Standard
Listed by Tony Azzi • Tony Azzi