Sold
4225 Inglewood Blvd
Los Angeles CA, 90066
$15,875,000
$442.80 per sqft
Sold
69 Beds
69 Baths
35,851 sqft
Multi-family
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
October 19, 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.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/19/2024
