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$ 2,895,000
Est. payment | /mo
8 Beds
8 Baths
5,467 SqFt
$ 2,895,000
Est. payment | /mo
8 Beds
8 Baths
5,467 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,467 sqft
Price per Sqft $529
MLS Listing ID 25505549
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 6,904 Sqft
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 C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Pool Fenced, In Ground
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5589037009
Special Listing Condition Standard
Listed by Tadeh Minassian • Signature Fine Estates, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "