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831 N Heliotrope Drive

Los Angeles (City), CA 90029
  • $1,800,000
  • STATUS: Active Under Contract
  • ON SITE: 98 Days
  • MLS #: 24451451
Under Contract
UPDATED: 180 min ago
$1,800,000
  • 12
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,116
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Listing Agent(s): Alvin Scioneaux of Lee & Associates Investments Services Group Inc (213-623-0800) and Philip Boroda of ()


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, ready for a new owner to come and work their magic.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156606142
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831 N Heliotrope Drive Los Angeles (City), CA 90029

  • Price: $1,800,000
  • Status: Active Under Contract
  • On Site: 98 Days
  • Updated: 180 min ago
  • MLS #: 24451451
12
Beds
0
Baths
0
½ Baths
0.14
Acres
4,116
SQFT
$437
$/SQFT
1921
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property 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, ready for a new owner to come and work their magic.
Exterior Features

Parking Features Driveway Parking Total 0

Property Features

Association YN No Cap Rate 6.7 Gross Income 168000 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 120000 New Construction YN No Senior Community YN No Special Listing Conditions Real Estate Owned Vacancy Allowance Rate 5 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Alvin Scioneaux of Lee & Associates Investments Services Group Inc (213-623-0800) and Philip Boroda of ()