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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 5/28/2025 | Community | Mid-Wilshire |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | Mid-Wilshire |
|---|---|
| LOT | 0.31 acre(s) |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| ZONING | LAR4 |
Location
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Listed with Tony Azzi
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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