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East Hollywood Multifamily Investment Opportunity

831 N Heliotrope Dr Los Angeles, CA 90029

831 N Heliotrope Dr, Los Angeles, CA, 90029
$1,800,000
For Sale
$1,800,000

Renovated 8-unit multifamily property in desirable East Hollywood location.

Days on Market133

Property Features for 831 N Heliotrope Dr

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1921
Listing Agency Lee & Associates | Investment Services Group
Listed by Matthew Sullivan · License #00848427
Source Lee-associates
Added: Mar 6 Checked: Jul 17 at 5:35 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Investment Services Group


Investment Insights

Based on property information with market context.

Located in the East Hollywood neighborhood of Los Angeles, 831 N Heliotrope Drive is an 8-unit multifamily property. Originally constructed in 1921 as a 4-unit building, it has been renovated to include 8 units. The renovations converted the two original ground floor units into four units, and the covered garage spaces into two units. The unit mix includes two studio units, two 1-bedroom + den units, and four 2-bedroom units. Onsite laundry facilities are present but do not meet code requirements. Two of the eight units are currently occupied. The property is located in close proximity to shopping, dining, and entertainment venues, and is within walking distance of the Hollywood and Vine Metro station, grocery and convenience stores. It is located directly across the street from Los Angeles City College. The property has easy access to the 101 Freeway and is near retail and restaurant amenities. The location has a Walk Score of 87.

Key Highlights

  • Desirable East Hollywood Location
  • Renovated Furnished Units
  • Walking Distance to Metro Line Stop

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Building Supply Accounting Firm Kitchen & Bath Showroom Electrical Service Tanning Salon (Bike/Boat/Book/etc) Store Locksmith HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Renovated 8-unit multifamily property in desirable East Hollywood location.
Where is this apartment building located?
The property is located at 831 N Heliotrope Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Desirable East Hollywood Location; Renovated Furnished Units; Walking Distance to Metro Line Stop
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More about this property
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