831 N Heliotrope Dr - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,800,000 USD
213-623-0800
831 N Heliotrope Dr, Los Angeles, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/8
null | 3.18% Cap Rate

831 N Heliotrope Dr
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Lender Owned
  • Renovated Furnished Units
  • Walking Distance to Metro Line Stop
  • Across From LA City College
  • Desirable East Hollywood Location
  • 87 Walk Score

OVERVIEW

831 N Heliotrope Avenue is located in the East Hollywood neighborhood of Los Angeles. Originally built in 1921 as a 4-unit multi-family building, the building has undergone renovations without city permits. The building now includes 4 additional units, bringing the total to 8 units. The two ground floor units have been converted into four units. The renovated units are a mixture of studio, 1 bedroom and 2 bedroom units. The covered garage spaces have been converted into two units. Because of the garage conversion, there is no onsite parking spaces available. There is onsite laundry facilities, which do not meet code requirements.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

3.18%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5538-017-024

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.