Los Angeles, CA 90066,4225 Inglewood BLVD
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Los Angeles, CA 90066,4225 Inglewood BLVD
Los Angeles, CA 90066,4225 Inglewood BLVD

$15,875,000

Est. payment /mo

$15,950,000

0.5%
Est.Price: ?

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4225 Inglewood BLVD Los Angeles, CA 90066

69 Beds

69 Baths

35,851 SqFt

SOLD DATE : 03/21/2023

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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California Regional MLS (CRMLS)
Listed by Kevin Kawaoka • NAI Capital, Inc.
Bought with Subscriber Non • Non-Participant Office
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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