543 N Heliotrope Dr, Los Angeles,CA 90004 For Sale

$ 2,300,000.00


An exciting development opportunity in East Los Angeles, 543-545 N. Heliotrope Drive is an 8,000 square foot property zoned R3 and offers the opportunity to build up to 17 apartments in a prime location near Los Angeles City College, Hollywood and Silver Lake. , Echo Park and Downtown. Just steps from the nearest bus stop, this property benefits from reduced parking requirements, consistent with the city's guidelines for transit-oriented communities (TOC). Investors can take advantage of the potential rental income from the four existing apartments that can be delivered vacant or with entirely new leases from existing tenants. Each well-maintained residence features tile and hardwood floors and plenty of natural light. Separate gas and electricity meters for each apartment. Residents have access to separate storage and parking at the front or rear of the property as well as on the street. Located close to the 101 Freeway and all of Los Angeles, these neighborhoods offer exciting opportunities in a convenient and desirable part of the city.

Property Details
  • Property ID: #42
  • Property Type: N/A
  • Area: 4,608.00
  • Livable Area: 0.00 Sq Ft
  • Property Price: $ 2,300,000.00
  • Structure: Houses / Interiors / Housing
  • Sub Structure: Houses
  • Age: N/A
  • Built In: N/A
  • Country: USA
  • State: California
  • City: Los Angeles
  • Postal Code: 90004
  • Face: N/A
  • Price Negotiable: yes
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Interior Features
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Exterior Features
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  • New Construction: no
  • Property Condition: N/A
  • Interior Features
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  • Land Info
  • Garage and Parking
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  • Multi-Unit Info
  • Homeowners Association
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  • Total Parking: N/A
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Lot Info
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