1736 N Normandie Avenue,Los Angeles, CA 90027
Los Angeles, CA 90027
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.
Details
| MLS# | 25505549 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 57 |
| Listing Provided By | Signature Fine Estates, Inc. 626-429-9740 | Tadeh Minassian |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 5,467 |
| Car Port | Yes |
| Pool | Yes |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Market Activity 90027
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90027 |
| Area | C20 Hollywood |
| Listing VS Median (in 90027) | |
Price: $2,595,000 low | high Med: $1,750,000 SqFt: 5,467 low | high Med: 1,452 $ / SqFt: $475 low | high Med: $1,205 On site: 57 low | high Med: 18.000000 | |