2743 James M Wood Blvd, Koreatown — 8-Unit Multifamily, $1.1M (Jun 2015)

Updated April 28, 2026

Units: 8 · Sale price: $1,100,000 · Price per unit: $137,500 · Closed: June 2015

A 8-unit small multifamily property at 2743 James M Wood Blvd in Koreatown, sold June 2015 for $1,100,000 — approximately $137,500 per unit.

By 2015, LA multifamily transaction volume had returned to pre-2008 levels. Institutional and 1031 capital were both active across the full range of submarkets.

Koreatown is one of the highest-density multifamily submarkets in LA, overwhelmingly pre-1978 and subject to LA City RSO. Buyer pool includes institutional value-add, 1031 exchangers, and multi-generational family offices.

Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.

Set against the rest of the Koreatown record, this is the 19th largest of the 21 Koreatown apartment buildings Michael Sterman has closed.

At $137,500 a unit it sits 13% below the Koreatown median of $158,958. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.

Other Koreatown closings the same year: 744 Beacon Ave (96 units, $8,850,000), 220 S Commonwealth Ave (24 units, $3,815,000), 1121-1131 Washington Blvd (20 units, $1,675,000).

This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.

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Related

• Selling Multifamily Property in Koreatown
• Koreatown: the neighborhood, its buildings and what they sell for
• How to Sell a Multifamily Property in Los Angeles
• Request a free evaluation of your building
• Verify this sale independently — search public records and coverage for this transaction yourself

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Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.