4225 Inglewood Boulevard, Los Angeles, CA 90066

$15,950,000
69
BD
69
BA
35,851
SqFt
List Price
$15,950,000
Status
ACTIVE
MLS#
22222615
Year Built
1987
Bedrooms
69
Bathrooms
69
Living Sq. Ft
35,851
Lot Size
25,543
Acres
0.59
Days on Market
57
Property Type
Multifamily

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

Appliances
Dishwasher
Heat
Wall Furnace
Cooling Description
None
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
31

Listing courtesy of Listing Agent: Kevin Kawaoka (kkawaoka@naicapital.com) from Listing Office: NAI Capital, Inc..

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.