4225 Inglewood Blvd, Los Angeles, CA 90066

$15,875,000
69
BD
69
BA
35,851
SqFt
Sold Price
$15,875,000
List Price
$15,950,000
Closing Date
Mar 21, 2023
MLS#
22-222615
Year Built
1987
Bedrooms
69
Bathrooms
69
Living Sq. Ft
35,851
Lot Size
25,543
Days on Market
52
Property Type
Multifamily
Stories
3

Property Description

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.

Additional Information

Other Buildings
Other
Heat
Wall
Cooling
None
Number of Cars in Garage
Gated

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of NAI Capital, Inc., Kevin Kawaoka - CA DRE#01733613 Selling Office: .

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