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.
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School Ratings & Info
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-12T00:29:49.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.