535 N Heliotrope Dr | Los Angeles, CA 90004
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535 N Heliotrope Dr
Los Angeles, CA 90004
12-Units with Parking | $1450 Average Rent · Build-to-Rent Property For Sale
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12 Units
INVESTMENT HIGHLIGHTS
- Walking distance to Virgil Village, Heliotrope appeals to residents priced out of Silver Lake and Hollywood seeking similar urban amenities
- There is 45 percent remaining rental upside through interior renovations
- Family owned & operated for the last 12 years
- Located in a designated opportunity zone and may be eligible for preferential tax treatment
- The government required seismic retrofit work has already been completed, which saves a new investor substantially in capital and time
- Bordered by Silver Lake, Echo Park, and Larchmont, East Hollywood is emerging as a value alternative for tenants leaving pricier areas.
PROPERTY FACTS
| No. Units | 12 | Property Size | 8,226 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Costar Property Class | C | Parking Allocation | 1.45/1,000 sq ft |
| Total Plot Size | 0.19 ac | ||
| Use Class | LAR3 - Commercial | ||
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.19 ac |
| Property Size | 8,226 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1962 |
| Parking Allocation | 1.45/1,000 sq ft |
| Use Class | LAR3 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Wi-Fi
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 12 | - | 680 |
PROPERTY TAXES
| Parcel Number | 5520-008-008 | Improvements Assessment | £471,930 |
| Land Assessment | £875,800 | Total Assessment | £1,347,730 |
PROPERTY TAXES
Parcel Number
5520-008-008
Land Assessment
£875,800
Improvements Assessment
£471,930
Total Assessment
£1,347,730
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