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. 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
Property listed by Signature Fine Estates, Inc., Tadeh Minassian 626-429-9740
Listing Snapshot
Days Online
87
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
$1.97M
-19%
(avg) sold price
13
-40%
homes sold
64
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, Building area total: 5,467, Levels: Two, Living area: 5467, 2 stories, 1 building
Income
Gross income: $178,502, Net operating income: $108,830
Laundry
CommonArea
Lot
0.1585 acres, 6,906 square feet, Size: 6,906
Parking
6 totals parking, Carport
Pool
Fenced, InGround
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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