PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale a 12-unit apartment community located at 535 North Heliotrope Drive. The subject property is located north of Beverly Boulevard and east of Normandie Avenue. The property is in… Read More the thriving neighborhood of East Hollywood just south of the 101 Freeway. Located on Heliotrope Drive, just minutes from Virgil Village and Silver Lake, 535 North Heliotrope provides tenants with easy access to some of the most popular bars, eateries and shopping in Los Angeles. Situated on a 7,999 square foot parcel, the property is comprised entirely of one-bedroom units. There is 45% remaining rental upside through interior renovations. The property is in an Opportunity Zone which is drawing significant new capital in the immediate neighborhood, putting upward pressure on rental rates and property values. 535 North Heliotrope Drive offers investors an opportunity to acquire an asset in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 535 North Heliotrope an excellent acquisition opportunity. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
51
Last Updated
Property Type
Other
Beds
12
Square Ft.
8,226
Lot Size
0.18 Acres
Year Built
1962
MLS Number
25529771
30 Days Snapshot Of 90004
$1.42M
-25%
(avg) sold price
4
-63%
homes sold
94
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
8,226 sq ft, Built in 1962, Levels: Two
Disclosures
None
Garage
Covered Parking
Lot
LotAcreage: 0.1837, LotSizeArea: 7,999
Parking
TotalParking: 12
Property
NumberOfUnits: 12, Zoning: LAR3
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