5
See all 5 photos
$1,300,000
Est. payment /mo
8,001 Sqft Lot
New
553 N Heliotrope DR Los Angeles, CA 90004
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26861879
HOA Y/N No
Lot Size 8,001 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Flat
New Construction No
Others
Senior Community No
Tax ID 5520008012
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Rosanna Russo EstateX inc. #02087926