3148 James M Wood Blvd Case Study
Koreatown, Los Angeles, CA
The Opportunity
3148 James M. Wood Boulevard was a value-add, 8-unit, rent-controlled apartment building in the heart of Koreatown, with significant deferred maintenance and rents well below market.
The Solution
We positioned the property with dual appeal, as both a development prospect and a value-add investment, which generated competitive bids within the first week of marketing.
The Results
The property sold $100,000 over list price, with both sides satisfied by the speed of the close and the negotiated terms.
See the full closed sale record for 3148 James M Wood Blvd.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Frequently Asked Questions
How much did 3148 James M Wood Blvd sell for?
3148 James M Wood Blvd (Koreatown, Los Angeles, CA) sold for $2,635,000. The building has 8 units, or about $329,375 per unit, and about $388 per square foot of building area.
What happened in the sale of 3148 James M Wood Blvd?
An 8-unit Koreatown building marketed to both developers and value-add buyers closed $100,000 over list.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.