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535 N Heliotrope Dr
Los Angeles, CA 90004
12-Units with Parking | $1450 Average Rent · Multifamily Property For Sale
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12 Units
Investment Highlights
- Walking distance to Virgil Village, Heliotrope appeals to residents priced out of Silver Lake and Hollywood seeking similar urban amenities
- There is 45 percent remaining rental upside through interior renovations
- Family owned & operated for the last 12 years
- Located in a designated opportunity zone and may be eligible for preferential tax treatment
- The government required seismic retrofit work has already been completed, which saves a new investor substantially in capital and time
- Bordered by Silver Lake, Echo Park, and Larchmont, East Hollywood is emerging as a value alternative for tenants leaving pricier areas.
Property Facts
| No. Units | 12 | Building Size | 8,226 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | LAR3 - Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,226 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR3 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Wi-Fi
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 680 |
Property Taxes
| Parcel Number | 5520-008-008 | Improvements Assessment | $637,442 |
| Land Assessment | $1,182,954 | Total Assessment | $1,820,396 |
Property Taxes
Parcel Number
5520-008-008
Land Assessment
$1,182,954
Improvements Assessment
$637,442
Total Assessment
$1,820,396
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