553 N Heliotrope DR, Los Angeles, CA 90004
553 N Heliotrope DR, Los Angeles, CA 90004
553 N Heliotrope DR, Los Angeles, CA 90004
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,300,000
Est. payment /mo
8,001 Sqft Lot
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UPDATED:

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

Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/553--N-Heliotrope-Dr/Residential-Land/26861879

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Listed by Rosanna Russo EstateX inc. #02087926

NEARBY SCHOOL & BUSINESS

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