4225 Inglewood Boulevard, Los Angeles, CA 90066

About this property

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.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$15,875,000

Sold March 2023 · listed $15,950,000, on market December 2022 · MLS #22222615 · Source: CRMLS

Listing Agent: Kevin Kawaoka · Listing Office: NAI Capital, Inc. · Contact: 310-440-8500 · Bought with: Subscriber Non · Non-Participant Office

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