Los Angeles – Investment Services Group Property Search
Lender Owned Heliotrope Apartments
831 N Heliotrope Dr, Los Angeles, CA 90029

Overview
Price: | $1,800,000 |
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Number of Units: | 8 |
Building Size: | 5,116 SF |
Property Type: | Multifamily |
Total Lot Size: | 6,098 SF |
Year Built: | 1921 |
Highlights
- Lender Owned
- Renovated Furnished Units
- Walking Distance to Metro Line Stop
- Across From LA City College
- Desirable East Hollywood Location
- 87 Walk Score
- Easy 101 Freeway Access
- Nearby Retail & Restaurant Amenities
Description
831 N Heliotrope Drive is located in the East Hollywood neighborhood of Los Angeles. Originally built in 1921 as a 4-unit multi-family 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 (2) studio, (2) 1 bedroom + den, and (4) 2 bedroom units. The building’s onsite laundry facilities do not meet code requirements. 2 of the 8 units are currently occupied.
Location
831 N Heliotrope Drive is located in the East Hollywood neighborhood of Los Angeles, amid the unparalleled vibe of the entertainment industry’s epicenter. Widely recognized as the premier location for shopping, dining, and entertainment venues, Hollywood offers an experience like no other, and the Heliotrope property provides easy access to it all. 831 N Heliotrope Drive is also conveniently located within a short distance from the Hollywood and Vine Metro station, grocery and convenience stores, and directly across the street from Los Angeles City College.
With a population of 51,000 residents, East Hollywood is a 1.8 square-mile community in the city of Los Angeles surrounded by central Hollywood, Los Feliz, Silver Lake and Koreatown. One of the most culturally diverse communities in Los Angeles, it is home to the city’s main Armenian (Little Armenia district), Thai (Thai Town district) and El Salvadoran communities. It is also home to many Mexican, Filipino, Korean, Chinese, Japanese, Russian, Eastern European and Middle Eastern residents and businesses.
Contact Broker
Matthew Sullivan
Managing Director, Principal
Los Angeles - Investment Services Group
Office | 213.623.0800 x1 |
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Fax | 213.623.1395 |
Alvin Scioneaux
Associate
Los Angeles - Investment Services Group
Cell | 985.233.0952 |
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Office | 985.233.0952 |
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