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CIM Group has completed The Read, a six-story multifamily property at 5217 W. Adams Blvd. in Los Angeles, adding 75 new apartment units with 9,000 square feet of ground-floor retail space. The delivery follows closely on the heels of Coro, a 168-unit community the firm opened three weeks earlier in the same West Adams neighborhood, underscoring a continuing development presence along this corridor.
The Read takes its name from its prominent position at the intersection of Redondo and West Adams boulevards. The project is designed with one- and two-bedroom floor plans, offering wood flooring, in-unit washers and dryers, quartz countertops, large windows, and contemporary fixtures. These in-unit features are positioned alongside shared amenities that include a rooftop lounge equipped with BBQ grills and a fully outfitted fitness center, aiming to provide residents with both private comforts and communal spaces.
Located in Los Angeles’ West Adams neighborhood, The Read benefits from proximity to multiple transportation options. The property offers convenient access to the 10 Freeway and the Metro light rail system, supporting connectivity to key employment and entertainment nodes across the region. From this location, residents can reach Downtown Los Angeles, Santa Monica, the Westside, Culver City, Beverly Hills, and Hollywood with relative ease, positioning the asset within commuting distance of several major submarkets.
The site is also situated in a Qualified Opportunity Zone, which may provide potential tax advantages under applicable federal programs for certain investors, although specific investment details are not disclosed in the announcement. With The Read now complete and Coro recently opened nearby, CIM Group has added two multifamily properties to the West Adams housing stock in a short period, along with new ground-floor retail space intended to serve residents and the surrounding community.
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