$1,800,000
For Sale

831 N Heliotrope Drive

Los Angeles, CA 90029
Listing OfficeLee & Associates Investments Services Group Inc
Browse 5 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure, the building has undergone renovations (without city permits) that added 4 additional units, bringing the total to 8 units. The two original ground floor units have been converted into four units, while the covered garage spaces have been converted into two units. The renovated units are a mixture of (2) studio, (2) 1 bedroom + den, and (4) 2 bedroom units. 75% of the units are furnished and vacant, ready for a new owner to come and work their magic.

  • Property Details
      • Acres0.1435
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1921
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,800,000
  • Other
      • MLS #24450623

Location

SparrowLily Realty, Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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