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535 N Heliotrope Drive

Los Angeles, CA 90004

– beds
– baths
– sqft
7,999 sqft lot
1962 build
– on site

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.

Listed By CRMLS_CA / Sean Rosenzweig / Marcus & Millichap

Last checked: Checking… • Last updated Apr 24, 2025 •

MLS# 25529771 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

8226.00
Total Number Of Units:

12
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Two

Location

Directions:

South of Melrose Avenue & West of North Vermont Avenue
Latitude:

34.08008700
Longitude:

-118.29568000

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

7999.0000
Lot Size Acres:

0.1836
Lot Size SqFt:

7999.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5520008008

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Covered
Parking Spaces:

12.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/25 Apr 24, 2025	Listed / Active	CRMLS_CA	$2,600,000
12/5/13 Dec 5, 2013	Sold	DAMLS

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This multifamily located in Central LA, Los Angeles, CA 90004 is currently for sale for $2,600,000. 535 N Heliotrope Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 535 N Heliotrope Drive is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Virgil Middle School, Miguel Contreras Learning Complex - School Of Social Justice, Edward R. Roybal Learning Center, Ramon C Cortines School Of Visual And Performing Arts, Belmont Senior High School, Alexandria Avenue Elementary School, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Miguel Contreras Learning Complex - Business And Tourism, and Miguel Contreras Learning Complex - Los Angeles School Of Global Studies.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 23:35 on Apr 26.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.