Los Angeles, CA 90029 831 N Heliotrope Drive

831 N Heliotrope Drive Los Angeles, CA - Image 1831 N Heliotrope Drive Los Angeles, CA - Image 2831 N Heliotrope Drive Los Angeles, CA - Image 3
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831 N Heliotrope Drive Los Angeles, CA - Image 4831 N Heliotrope Drive Los Angeles, CA - Image 5831 N Heliotrope Drive Los Angeles, CA - Image 6
Presented By: Alvin Scioneaux with Lee & Associates Investments Services Group Inc;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24451451
  • 10/10/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 10
  • SQFT • 4,116

Home Details

GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure. The renovated units are a mixture of (4) 2 bedroom units. There are 4 additional non-conforming remodels. All but two of the units are furnished and vacant, ready for a new owner to come and work their magic.
Presented By: Alvin Scioneaux with Lee & Associates Investments Services Group Inc;

Interior Features for 831 N Heliotrope Drive

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths10

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories

General for 831 N Heliotrope Drive

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.7
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsNorth of US-101 and West of Vermont Ave
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income168000.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet6251.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income120000.0
New ConstructionNo
Number Of Units Total4
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsRealEstateOwned
Standard StatusActiveUnderContract
StatusActiveUnderContract
Waterfront Y/NNo
Year Built1921
ZoningLARD1.5

Exterior for 831 N Heliotrope Drive

Building Area Total4116.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1435
Lot Size Area6251.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,800,000
MLS#24451451
List Date 10/10/2024
Property Type Multi-Family
Phone 714.742.6515
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