CIM Completes Second Multifamily Project in LA’s West Adams Neighborhood
CIM Group has completed The Read, a 75-unit, six-story apartment building with 9,000 square feet of ground-floor retail located at 5217 W. Adams Blvd. in Los Angeles. The completion comes just three weeks after the company opened Coro, a 168-unit project also in LA’s West Adams neighborhood.
The Read derives its name from its location at the corner of Redondo and West Adams boulevards. The property offers one- and two-bedroom residences with wood flooring, in-unit washers and dryers, quartz countertops, large windows, and contemporary fixtures. Amenities include a rooftop lounge with BBQ grills and a fully equipped fitness center.
The Read is convenient to public transportation options and offers easy access to Downtown Los Angeles, Santa Monica, and the Westside, Culver City, Beverly Hills, and Hollywood due to its proximity to the 10 Freeway and the Metro light rail system. It is located in a Qualified Opportunity Zone.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout