553 N Heliotrope Drive
Los Angeles, CA 90004
8,001Sqft(Lot)
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 t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Lot Information
Main Square Feet: 8001 Lot Size Acres: 0.1837 Lot Size Square Feet: 8,001 Lot Description: Flat
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Listing Price Information
Listing Price: $1300000Cash
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Tax Information
Parcel Number: 5520008012
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Location Information
Direction: North of Rosewood and South of Clinton.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 439 N Commonwealth Avenue, Los Angeles, CA, 90004 | $900,000 | -- | -- | -- | 7,506 Sqft(Lot) |
| 339 N Virgil Avenue, Los Angeles, CA, 90004 | $2,120,000 | -- | -- | -- | 6,839 Sqft(Lot) |
| 182 S Virgil Avenue, Los Angeles, CA, 90004 | $1,100,000 | -- | -- | -- | 6,952 Sqft(Lot) |
| 186 S Virgil Avenue, Los Angeles, CA, 90004 | $1,100,000 | -- | -- | -- | 6,812 Sqft(Lot) |
| 240 S Normandie Avenue, Los Angeles, CA, 90004 | $2,399,000 | -- | -- | -- | 9,004 Sqft(Lot) |
| 4915 Elmwood, Los Angeles, CA, 90004 | $1,650,000 | -- | -- | -- | 6,803 Sqft(Lot) |
| 250 N Wilton Place, Los Angeles, CA, 90004 | $1,395,000 | -- | -- | -- | 6,937 Sqft(Lot) |
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ByOwner last updated this listing 07/25/2026 @ 05:55
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