1736 N Normandie Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,467 sqft
Price per Sqft $474
MLS Listing ID 25505549
Bedrooms 8
Year Built 1957
Lot Size 6,906 Sqft
Acres 0.1585
Property Sub-Type Multi-Family
Property Description
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 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.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall Electric
Cooling Window Unit(s)
Equipment None
Laundry Community
Exterior
Parking Features Carport
Garage Spaces 6.0
Pool In Ground, Fenced
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard