Detailed Introduction Of This Home
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 larger pool of prospective tenants 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 8 fully remodeled One Bedroom units with great tenants in place and completed seismic retrofitting for the tuck under parking, ensuring low maintenance for the incoming owner of the property. The option to add-value is available for the right investor with the right vision to transform the common area even further to attract more potential tenants to the building. Located in one of LA's best neighborhoods, the Coral Reef Apartments are a great turn-key opportunity for a new buyer ready to build wealth with larger buildings, or the discerning investor seeking out low-maintenance, cash flowing properties to add to their growing portfolio.