Sold

4225 Inglewood Blvd

Los Angeles CA, 90066

$15,875,000


$442.80 per sqft

Sold

69 Beds

69 Baths

35,851 sqft

Residential

Built in 1987

Incredible investment opportunity! The one you've been looking for...Coral Tree is a 3 story 31 unit multifamily asset well located in Silicon Beach in the trendy and uber popular community of Mar Vista. The complex is made up a highly desirable and ideal attractive unit mix of 1 (0+1), 21 (2+2), and 9 (3+3) apartment homes. The property features gated entrance & semi-subterranean parking, has elevator service, balconies, fireplaces, storage rooms, laundry care facility and security cameras. There is approximately +27% in upside for the new investor to capture. This property is well positioned allowing new ownership to allocate their resources towards renovating units and bringing them to market rate levels. The property was built in 1987 and therefore not subject to Los Angeles RSO. NON-RENT CONTROL (AB1482 only). Management has indicated 42% of units next increase is due in March 2023; 5% + CPI / 10% max.

22-222615

MLS ID

December 8, 2022

Listed

May 9, 2024

Updated

Map

4225 Inglewood Blvd
Los Angeles CA, 90066

Interior Features

Total Stories

3


Bedrooms

69


Total Bathrooms

69


Appliances

Ceiling Fan, Dishwasher, Elevator, Hood Fan, Range/Oven


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.59 Acres

Other Property Details

Area Name

Palms - Mar Vista


Days on Market

52


Garage

No


Parking

Gated


Parking Total

60


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Kevin Kawaoka with NAI Capital, Inc.
Listing Contact: 310-560-7184 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Coletti | CA DRE# 01939461 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 5/9/2024

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