831 North Heliotrope Drive

Los Angeles, CA 90029

$1,800,000
Price
12
Beds
10
Baths
4,116 Sq. Ft.
$437 / Sq. Ft.
4,116
Sq. Ft.
$437
per Sq. Ft.

Description

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,...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.
  1. Listed by Alvin Scioneaux • DRE #02204613 • Brokerage DRE #00848427 • Lee & Associates Investments Services Group Inc
  2. Listed by Philip Boroda • DRE #00822192 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 831 North Heliotrope Drive

Zoning
LARD1.5
Parcel Number
5538017024
Total Units
4.0
Living Area
4116
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
5
Lot Size Area
6251
LISTING UPDATED: 12/19/2024 01:51 PM

Property Details for 831 North Heliotrope Drive

StatusActive Under Contract
MLS #24-451451
Days on Market97
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.14 AC / 6,251 SF
CountyLos Angeles County

Building Information for 831 North Heliotrope Drive

Stories-Residences-Year Built1921Building Size-Lot Size0.14 AC / 6,251 SF

Property Information for 831 North Heliotrope Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: Lender Owned/REO
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $160,000
  • Net Operating Income: $120,000.00
  • Gross Income: $168,000
  • Cap Rate: 6.70%
  • Gross Rent Multiplier: $10.70
  • Total Annual Expense: 40000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6251
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $510,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $1,020,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $1,530,000.00

Property History for 831 North Heliotrope Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 831 North Heliotrope Drive

Taxable ValueLand$1,040,400Additions$520,200Total$1,560,600
Tax Record2024$19,309 ($1,609 / month)
Home Facts
Total Finished SqFt4,116 SqFtAbove Grade Finished SqFt4,116 SqFtLot Size6,251 SqFtStyleQuadraplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5538-017-024

Schools near 831 North Heliotrope Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Investments Services Group Inc, Alvin Scioneaux, DRE #02204613; Coldwell Banker Realty, Philip Boroda, DRE #00822192

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.