Listed by Kevin Kawaoka, NAI Capital, Inc.,

4225 Inglewood Boulevard

Los Angeles, CA, 90066

$15,950,000

$444 per ft²
$15,950,000
$444 per ft²
Active
Active
 - For Sale
beds
69 Beds
baths
69 Baths
carpenters-square
35,851 ft²
property_type
Multi-family
calendar
Built 1987
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.
MLS® ID:
22222615
Listed:
12/5/22
Updated:
1/30/23

Interior Features

Kitchen Appliances
Dishwasher
Total Bedrooms
69
Total Bathrooms
69
Interior Features
Ceiling Fan(s)
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.59 acres lot

Other Property Details

Area Name
C13 - Palms - Mar Vista
Garage
No
Parking
Gated
Parking Total
60.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR3
Buyer Agency Compensation
1.500

Listed by NAI Capital, Inc., Kevin Kawaoka,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 1/30/23. 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.

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Data last updated 4:36 AM UTC, 1/30/23

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