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 chance to build up to 17 units in a prime location near Los Angeles City College, Hollywood, Silver Lake, Echo Park and Downtown. Just a stone's throw from the nearest bus stop, the property boasts reduced parking requirements per the city's guidelines for a transit-oriented community (TOC). Investors may enjoy the potential rental income from the existing four units that can be delivered vacant or with brand new lease agreements from the current tenants. Each well-maintained residence features hardwood and tile flooring, and ample natural light. Separate gas and electrical meters for each unit. Residents have access to detached storage and parking in the front or back of the property as well as the street. Located within close proximity of the 101 Freeway and all of L.A., these residences present an exciting opportunity in a convenient, coveted part of the city.
Est St, 4830 W Kennedy Blvd #600