535 N Heliotrope Drive

Los Angeles, CA 90004

  • 12 Bed(s)
  • 0 Bath(s)
  • 8,226 Sqft
  • 7999
    Sqft(Lot)
$2,600,000

Description

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 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49503653

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Property Details

  • Bedroom Information

    • Total Bedrooms : 12

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1962
    • Building Area Total: 8,226

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1836
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7999

  • Listing Price Information

    • Original List Price: 2,600,000
    • Listing Contract Date: 2025-04-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5520008008

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Directions: South of Melrose Avenue & West of North Vermont Avenue
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C17 - Mid-Wilshire

    Building and Construction

    • Property Age: 63
    • Year Built Source: Assessor
    • Total Square Feet Living: 8226
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/13/2025 @ 10:57

  • MLS: 25529771
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 8,226 sqft, 7,999 sized lot, and 0 parking. are nearby neighborhoods.