CIM Group Completes Coro 168-unit Apartment Community in West Adams Neighborhood of Los Angeles

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today the completion and opening of Coro, a modern six-story, 168-unit apartment community, with approximately 40,000 square feet of ground floor retail located at 3045 Crenshaw Blvd. in the West Adams neighborhood of Los Angeles.

Coro offers a mix of studio, one- and two-bedroom floorplans designed around the concept of indoor/outdoor living to take advantage of Los Angeles’ abundant sunshine and temperate climate such as the inclusion of floor-to-ceiling windows and private patios and balconies. Residences feature contemporary fixtures and finishes including stainless steel appliances, granite countertops and in-unit washers and dryers.

The focus on indoor/outdoor living extends to Coro’s numerous common areas and amenities including a landscaped outdoor courtyard with a variety of seating areas, pool deck, barbecue grills, and a recreation deck for communal play with games such as cornhole and ping pong and as well as hammocks for relaxing.

Residents also enjoy access to a club room featuring work pods, kitchen, media room, and pool table, a fitness center, lobby coffee bar and package room.

Coro is centrally located in Los Angeles just north of Jefferson Boulevard and in the Crenshaw area with its variety of community-serving businesses and restaurants including the nearby West Adams district with its array of dining, shops and services. The apartment community’s location also offers easy access to the Metro E Line light rail station on Crenshaw Boulevard that provides a connection east to Downtown Los Angeles and west to Santa Monica as well as to many major thoroughfares including the Interstate 10 Freeway, Exposition Boulevard, and West Adams Boulevard.

CIM Group acquired the 1.3-acre property for Coro in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant, former West Angeles Church of God in Christ which now serves the community and congregants from an expansive cathedral at Crenshaw and Exposition Boulevards. Commencing almost 20 years ago, CIM Group forged a relationship with the Church to bring positive change and new development to a portion of Crenshaw Boulevard, between Jefferson and West Adams Boulevards. In a series of acquisitions of church-owned properties executed over many years, CIM Group has delivered a variety of developments that created jobs and attracted businesses to South Los Angeles that have contributed to the quality of life in the area.

Coro includes 17 affordable units, reserved for households earning no more than 30% of the Area Median Income per the U.S. Department of Housing and Urban Development, and is located in a Qualified Opportunity Zone. For more than 20 years, CIM Group has acquired and developed real estate and infrastructure assets across communities now designated as Opportunity Zones.

For additional property and leasing information visit https://www.coroliving.com.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.