4 Units New Construction in East Hollywood
638 N Heliotrope Dr
# of Units: 4
Lot SF: 7,700
Parking: 7 Spots
Potential Rent: $3,500/mo
Bldg SF: 5,447
Type: 3BD + 2.5BA
Year Built: 2019
Area: East Hollywood
A great investment opportunity to acquire (4) four brand new construction units in East Hollywood on Heliotrope. The units are all 3BD+2.5BA with potential rent of $3,500/mo each. The development is slated to be completed by the end of 2019, thus becoming a perfect end of the year close for regular buyers and buyers looking to complete their 1031 Exchange. The property is located in an Opportunity Zone and has easy access to major Los Angeles thoroughfares.
Nestled in East Hollywood, this location provides the best of everything Central LA has to offer. Subject property sits on Heliotrope Dr, right off of the 101 Freeway, providing tenants easy access to major LA neighborhoods. East Hollywood is a vibrant community filled with diverse residents from all over the world. Notable East Hollywood places include LA City College, Kaiser Permanente, Children's Hospital Los Angeles, and Barnsdall Art Park.
5,447 SF Structure on 7,700 SF Lot
Built in 2019 | Brand New Construction
7 Parking Spaces & 2 Bicycle Spaces
Minutes to Los Angeles City College, Children's Hospital Los Angeles, Hollywood Forever Cemetery, & more.
Easy access to Vermont/Beverly Red Line Stop and Vermont/Santa Monica Red Line Stop.
Potentially Rent of $3,500/unit for $168,000 approximate annual income.
Amazing Location in East Hollywood.
Walk Score of 84 - *Very Walkable*
Close Proximity to the 101 Freeway, Santa Monica Blvd, and Silver Lake Blvd, providing easy access to Downtown LA, Hollywood, Central LA, Silver Lake, Los Feliz, and more.