553 N Heliotrope Drive, Los Angeles, California 90004
$1,300,000
- Property Type
- Land
- City
- Los Angeles
- Status
- Active
Attention builders, developers, and savvy investors! Here is a rare, high-yield opportunity to break ground on a premier multi-unit project in one of Los Angeles' highest-demand rental markets, situated minutes from Silver Lake, Hollywood, Koreatown, Hancock Park, and Downtown LA. This prime LAR3 zoned lot comes with architectural plans for a modern development featuring three separate buildings totaling 5 premium units, positioned perfectly to capture strong local rental demand. According to the seller, the site is slated to be RTI in just two months according to the seller. Furthermore, current LAR3 zoning offers the enticing potential to maximize the site up to 10 total units (buyer to verify all development guidelines). Full architectural plans are available upon request. Do not miss the chance to lock down a project in a rapidly growing, centrally located transit hub before it's gone.
About
Listed by Rosanna Russo with EstateX inc.
Quick Facts
MLS Property Type
Land
Status
Active
MLS Number
26861879
Lot Size
8,001 sq ft
Location
Click to interact with map
Details
You Might Also Like
918 S Kingsley Dr, Los Angeles
- Land
- 0.15 acres
- City-lights view
- ≈$7.7M/acre
- LAR4 zoning
Listed by Casey Lins with Kidder Mathews of California, Inc.
4159 S Central Ave, Los Angeles
- Land
- 0.17 acres
- City-lights view
- ≈$7.2M/acre
- LAC2 zoning
Listed by John Boyett with CBRE
11429 Emelita St, Los Angeles
- Land
- 0.16 acres
- ≈$8.1M/acre
- LAR3 zoning
Listed by Joseph La Croix with Keller Williams Beverly Hills
645 N Gardner St, Los Angeles
- Land
- 0.14 acres
- ≈$8.6M/acre
- LAR1 zoning
Listed by Oliver Thornton with Hollywood Estates
3042 Royal St, Los Angeles
- Land
- 0.12 acres
- ≈$11M/acre
- LAR3 zoning
Listed by Adam Shamooelian with Keller Williams Beverly Hills
8430 Harold Way, Los Angeles
- Land
- 0.12 acres
- City-lights view
- ≈$9.9M/acre
Listed by Aileen Comora with The Agency
8551 W Cole Crest Dr, Los Angeles
- Land
- 0.14 acres
- City-lights view
- Canyon view
- ≈$9.9M/acre
- LAR1 zoning
Listed by Chris Corkum with Compass
14237 Erwin St, Los Angeles
- Land
- 0.14 acres
- ≈$9M/acre
- LARD1.5 zoning
Listed by Brice Head with CBRE, Inc.