$15,875,000
$15,950,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
4225 Inglewood BLVD Los Angeles, CA 90066
69 Beds
69 Baths
35,851 SqFt
Key Details
Sold Price $15,875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 35,851 sqft
Price per Sqft $442
MLS Listing ID 22222615
Bedrooms 69
Year Built 1987
Lot Size 0.586 Acres
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.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Gated
Building
Story 3
New Construction No
Others
Special Listing Condition Standard
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Bought with Subscriber Non • Non-Participant Office