We are pleased to present the exclusive opportunity to acquire the Coral Reef Apartments, located at 1736 N Normandie Ave. The subject property is located just steps away from Hollywood Blvd and a short distance to the Hollywood/Western and Sunset/Vermont metro stations, ensuring a perpetually large pool of prospective tenants… Read More and rentability in the future. The property contains 8 fully remodeled one bedroom units, landlord-owned onsite laundry, a large pool with a barbecue area for tenants to enjoy, and covered parking. In addition, the Coral Reef Apartments boast great tenants in place with completed seismic retrofitting for the tuck under parking, reducing future capital expenditures and creating long-term investment stability. The option to add further value is available with one unit being delivered vacant. Additional value may be added through re-envisioning the pool and BBQ common areas, or the potential of adding an ADU. Located in one of LA's best neighborhoods, the Coral Reef Apartments are a great turn-key opportunity for a new buyer ready to step into larger buildings, or the discerning investor seeking out low-maintenance properties for their growing portfolio. Contact listing agents for more info. Read Less
Courtesy of Signature Fine Estates, Inc. 626-429-9740
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,467
Lot Size
0.16 Acres
Year Built
1957
MLS Number
25505549
30 Days Snapshot Of 90027
$2,080k
-35%
(avg) sold price
11
+175%
homes sold
70
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
5,467 sq ft, Built in 1957, Levels: Two
Cooling
Window Unit(s)
Disclosures
None
Garage
Carport
Heating
Wall Electric
Laundry
Community
Lot
LotAcreage: 0.1585, LotSizeArea: 6,906
Parking
TotalParking: 6
Pool
PoolYN: True, In Ground, Fenced
Property
NumberOfUnits: 8, Zoning: LAR3
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