
535 N Heliotrope Dr Los Angeles, CA 90004
East Hollywood NeighborhoodEstimated payment $14,808/month
About This Home
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. We are pleased to offer for sale a 12-unit apartment community located at 535 North Heliotrope Drive. The subject property is located north of Beverly Boulevard and east of Normandie Avenue. The property is in the thriving neighborhood of East Hollywood just south of the 101 Freeway. Located on Heliotrope Drive, just minutes from Virgil Village and Silver Lake, 535 North Heliotrope provides tenants with easy access to some of the most popular bars, eateries and shopping in Los Angeles. Situated on a 7,999 square foot parcel, the property is comprised entirely of one-bedroom units. There is 45% remaining rental upside through interior renovations. The property is in an Opportunity Zone which is drawing significant new capital in the immediate neighborhood, putting upward pressure on rental rates and property values. 535 North Heliotrope Drive offers investors an opportunity to acquire an asset in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate in order to achieve superior market rents moving forward, makes 535 North Heliotrope an excellent acquisition opportunity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,999 Sq Ft Lot
Interior Spaces
- 8,226 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Parking
- 12 Parking Spaces
- Covered Parking
Community Details
- 12 Units
Listing and Financial Details
- Assessor Parcel Number 5520-008-008
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/11/2025 07/11/25 | Price Changed | $2,300,000 | -11.5% | $280 / Sq Ft |
04/14/2025 04/14/25 | For Sale | $2,600,000 | +75.1% | $316 / Sq Ft |
12/05/2013 12/05/13 | Sold | $1,485,000 | -4.2% | $181 / Sq Ft |
11/04/2013 11/04/13 | Pending | -- | -- | -- |
09/17/2013 09/17/13 | For Sale | $1,550,000 | -- | $188 / Sq Ft |
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