Heliotrope Towers 903 N Heliotrope Dr 22 Unit Apartment Building $4,000,000 ($181,818/Unit) Los Angeles, CA 90029

Heliotrope Towers is a 22-unit mid-century courtyard apartment community located in the center of East Hollywood, just one block west of Western
Avenue. Built in 1959, the property features classic walk-up architecture with a bright central courtyard, efficient layouts, and approximately 12,160
square feet of improvements on a 12,500-square-foot lot.
The unit mix includes one bachelor, four studios, fifteen one-bed/one-bath units, and two two-bed/two-bath units, appealing to students, professionals,
and small households. The building offers 24 parking spaces, individual gas and electric metering, and the opportunity to implement RUBS for immediate
operational savings.
Directly across the street from Los Angeles City College, the property benefits from consistent leasing demand and year-round occupancy potential.
With targeted interior and exterior upgrades, new ownership can reposition the asset to capture strong student and young-professional demand.
The property is also walkable to the Vermont/Santa Monica Metro B Line, offering quick access to Hollywood, Downtown Los Angeles, and major
regional employment hubs.