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 | 6.66% 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 Drive is located in the East Hollywood neighborhood of Los Angeles. Originally built in 1921 as a 4-unit multifamily structure, the building has undergone renovations (without city permits) that added 4 additional units, bringing the total to 8 units. The two original ground floor units have been converted into four units, while the covered garage spaces have been converted into two units. The renovated units are a mixture of studio, 1-bedroom, and 2-bedroom residences. 2 of the 8 units are currently occupied.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

6.66%

% 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 Policy.