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  • Price$2,250,000
  • Beds9
  • Baths8
  • Sq. Ft.5,467
  • Acres0.16
  • Built1957

1736 North Normandie Avenue, Los Angeles (City)

Major Price Reduction! Specialized Realty, Inc. is proud to present for sale 1736 N. Normandie Avenue, an incredible 8-unit investment opportunity in the heart of Hollywood that hasn't been on the market in over 45 years. Coral Reef Apartments are situated in the highly desirable Los Feliz area, steps away from Hollywood Blvd and blocks away from the Hollywood/Western and Vermont/Sunset Metro Stations. The property represents a true value-add opportunity with current rents well below market value in an area that is truly up and coming with a projected Cap Rate of almost 6%. All tenants are on a month to month term. The two story property features covered parking, on site laundry, pool and a backyard patio & BBQ area. The 101 and 5 major freeways are easy to access and the property is surrounded by LA's hottest neighborhoods. The booming area features a diverse demographic, with continued population growth and nearby developments.

Essential Information

  • MLS® #319001225
  • Price$2,250,000
  • Bedrooms9
  • Bathrooms8.00
  • Square Footage5,467
  • Acres0.16
  • Year Built1957
  • TypeResidential Income
  • Sub-TypeOther (L)
  • StatusActive

Amenities

  • Parking Spaces8
  • ParkingCarport, Tandem
  • Has PoolYes
  • PoolCommunity Pool

Additional Information

  • Date ListedMarch 27th, 2019
  • Days on Market58
  • ZoningLAR3

Community Information

  • Address1736 North Normandie Avenue
  • AreaHollywood (C20)
  • CityLos Angeles (City)
  • CountyLos Angeles
  • StateCA
  • Zip Code90027

Interior

  • # of Stories2
  • StoriesTwo Level

Listing Details

  • Listing AgentArtak Dovlatyan(01250473)
  • Listing OfficeSpecialized Realty

Price Change History for 1736 North Normandie Avenue, Los Angeles (City), CA (MLS® #319001225)

Date Details Price Change
Price Reduced (from $2,450,000) $2,250,000 $200,000 (8.16%)
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Last updated on May 25th, 2019 at 1:46am PDT