Skip To Content
    Return to Previous Page

    549 N Heliotrope Dr

    Los Angeles, CA 90004
    • $1,499,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 20-563576
    UPDATED: 44 min ago
    $1,499,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    Presented for sale is a beautifully designed 17 Unit Residential Project located on Heliotrope Drive in the Los Angeles City College area. The project offers developers the opportunity to build four-stories on top of an on-grade podium which would house 9 parking spaces. The project site, which currently houses a vacant duplex, is situated just a half-mile away from the Vermont / Beverly Metro Subway Station, and is bordered by East Hollywood to the north, Silver Lake to the northeast, and Koreatown to the south. The building will be comprised of 9 studios, 6 two-bed & two-bath, and 2 three-bed & two-bath homes. This project will be delivered Ready-to-Issue with the possibility of having 4 Affordable Units with no Rent Control or 3 Affordable Units with Rent Control. Potential to stabilize near 6.5% cap rate with market rents.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104113550
    Print Image

    549 N Heliotrope Dr Los Angeles, CA 90004

    • Price: $1,499,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 20-563576
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Presented for sale is a beautifully designed 17 Unit Residential Project located on Heliotrope Drive in the Los Angeles City College area. The project offers developers the opportunity to build four-stories on top of an on-grade podium which would house 9 parking spaces. The project site, which currently houses a vacant duplex, is situated just a half-mile away from the Vermont / Beverly Metro Subway Station, and is bordered by East Hollywood to the north, Silver Lake to the northeast, and Koreatown to the south. The building will be comprised of 9 studios, 6 two-bed & two-bath, and 2 three-bed & two-bath homes. This project will be delivered Ready-to-Issue with the possibility of having 4 Affordable Units with no Rent Control or 3 Affordable Units with Rent Control. Potential to stabilize near 6.5% cap rate with market rents.
    Exterior Features

    Lot Size Area 7999 View Description Other View YN Yes

    Property Features

    Cable YN Yes Hoa Fee1 0.00 Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning R3-1 Tier 3

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-563576-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-563576-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-563576-3.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355