Sold
4225 Inglewood Boulevard
Los Angeles CA, 90066
$15,875,000
$442.80 per sqft
Sold
69 Beds
69 Baths
35,851 sqft
Residential
Built in 1987
Listed by Kevin Kawaoka with NAI Capital, Inc. 310-440-8500
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.
22222615
MLSⓇ ID
December 6, 2022
Listed
March 23, 2024
Updated
Map
4225 Inglewood Boulevard
Los Angeles CA, 90066
Interior Features
Total Stories
3
Bedrooms
69 Beds
Bathrooms
69 Baths
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.59 Acres
Other Property Details
Area Name
C13 - Palms - Mar Vista
Days on Market
52
Garage
No
Parking
Gated
Parking Total
60
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
---|---|---|
5/18/2023 | Sold | $15,875,000 |
Listing Contact: 310-440-8500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:19 AM UTC