4225 Inglewood Blvd, Los Angeles, CA 90066
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4225 Inglewood Blvd Los Angeles, CA 90066

$15,875,000 Sold Price as of 03/21/2023
  • 69 Beds
  • 70 Baths
  • 35,851 Sq.Ft.
Sold
$15,875,000 Sold Price as of 03/21/2023 Refinance Your Mortgage

Map preview of 4225 Inglewood Blvd, Los Angeles, CA 90066

Property Overview: 4225 Inglewood Blvd Los Angeles, CA has 69 bedrooms, 70 bathrooms, 35,851 living square feet and 25,543 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kevin Kawaoka | BRE #01733613 | NAI Capital, Inc.
Last checked: 15 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
25,543
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22222615
City
Los Angeles
County
Los Angeles
Time on Site
526 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 31
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,493
  • Total Rent: $1,493
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 21
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,327
  • Total Rent: $48,869
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 9
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $2,993
  • Total Rent: $26,940
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.4
  • Gross Scheduled Income: --
  • Net Operating Income: $608,210
  • Gross Operating Income: $948,671
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4225 Inglewood Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 60
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 31
  • Parcel Number: 4232017040
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Culver Blvd, South of Washington Blvd, East of Centinela and West of McLaughlin Ave.
View more facts & features

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Sale History for 4225 Inglewood Blvd

Last sold for $15,875,000 on March 21st, 2023
  • March, 2023

  • Mar 21, 2023

    Date

    Sold

    CRMLS: 22222615

    $15,875,000

    Price

  • Dec 6, 2022

    Date

    Active

    CRMLS: 22222615

    $15,950,000

    Price

  • December, 2010

  • Dec 30, 2010

    Date

    Sold (Public Records)

    Public Records

    $6,750,000

    Price

  • December, 2010

  • Dec 30, 2010

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

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Tax History for 4225 Inglewood Blvd

Assessed Value (2020): $7,911,448
Year Land Value Improved Value Assessed Value
2020 $2,342,947 $5,568,501 $7,911,448

Home Value Compared to the Market

This property vs the competition

4225 Inglewood Blvd sold on March 21, 2023 for 1240.34% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $444.9 per/sqft which puts the price per square foot 41.07% lower than the current median sale per square foot for the city of Los Angeles.

About 4225 Inglewood Blvd

Detailed summary of property

4225 Inglewood Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 69 bedrooms, 70 bathrooms, roughly 35,851 living square feet, and sits on an approximately 25,543 square foot lot. 4225 Inglewood Blvd was first listed on ArdentRealEstateGroup.com on December 8, 2022. The homeowner sold the property for $15,875,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1240.34% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 92 days, 4225 Inglewood Blvd has a days on market of 52 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4225 Inglewood Blvd Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4225 Inglewood Blvd

Public county record property details
Beds
--
Baths
--
Year built
1987
Sq. Ft.
35,851
Lot Size
25,525
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
4232-017-040

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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Related Resources to 4225 Inglewood Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.