Investment Overview

The Azzi Group is pleased to present 2716–2720 James M Wood Blvd, a shovel-ready, 100% affordable housing development opportunity located on a prime double lot at the edge of Koreatown and MacArthur Park. The fully entitled project includes RTI (Ready-to-Issue) permits for a six-story, 90-unit building featuring studio and one-bedroom layouts. Designed to maximize density and affordability, the development consists of five stories of Type III-A residential construction over a Type I-A podium with ground-level amenities. The project utilizes density bonus incentives under AB 1287, AB 2334, and AB 2345, allowing for increased floor area, reduced setbacks, and no parking or open space requirements. Spanning a combined 13,541 square feet across two contiguous parcels with 100 feet of street frontage, the property will be delivered vacant at close of escrow. Owner financing is available with a 50% down payment, offering an accessible entry point for mission-driven investors or developers. Ideally situated in a high-growth, transit-oriented corridor with walkable access to public transportation, dining, and everyday conveniences, this site supports the City of Los Angeles’ push for inclusive, infill housing in well-connected neighborhoods.