Christina Development Corp., through its private equity real estate company Christina Real Estate Investors 4, has secured a $1.16 million loan from Citizens Business Bank to refinance 1128 Larrabee, a recently acquired, fully occupied, six-unit multifamily apartment project located north of the world-famous Sunset Strip in West Hollywood.
Christina 4 acquired 1128 Larrabee in November 2022 for $2.45 million in partnership with Silver Creek Commercial Development. The three-story building is situated on a 6,976-square-foot lot and is adjacent to 1120-1124 Larrabee St., another partnership-sponsored development project that will soon encompass 22 luxury residences designed by architectural firms Gruen Associates and Marmol Radziner.
Christina Real Estate Investors’ (CREI) programmatic series of private equity real estate companies offers accredited investors the opportunity to own high-quality real estate in the best submarkets of the Westside region of Los Angeles. B