535 N Heliotrope Drive, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties

535 N Heliotrope Drive, Los Angeles, CA 90004

$2,300,000 Approx. USD 12 beds, 12 baths
8,226 sqft

Reduced by $300,000 on 7/11/2025

Listing Agent


Sean Rosenzweig | thesrgroup@marcusmillichap.com
Lic#: 01406343
Broker: Courtesy of Marcus & Millichap

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25529771
List price is $2,300,000 Reduced by $300,000 on 7/11/2025
Price: $2,300,000
Beds: 12
Baths: 12
Built in 1962
8,226 sqft
2 stories
0.18 acres
Lot size: 0.1836
County: Los Angeles
Zoning: LAR3
Parking description: Covered
MLS area: C17 - Mid-Wilshire

Last Updated: 7/11/2025

 Days On Market (DOM): 94

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.080087, -118.295680.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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