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543 N Heliotrope Dr, Los Angeles, CA 90004
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543 N Heliotrope Dr Los Angeles, CA 90004

$2,150,000
  • 10 Beds
  • 5 Baths
  • 4,808 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified
Map preview of 543 N Heliotrope Dr, Los Angeles, CA 90004

Property Overview: 543 N Heliotrope Dr Los Angeles, CA has 10 bedrooms, 5 bathrooms, 4,808 living square feet and 8,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Attention all prime investors! This incredible quadruplex boasting 4 units is now available in the sought-after Mid-Wilshire area, R3 zoning. Each unit is assigned its own address, complete with a separate water heater, central AC unit and gas/electric meters . All units are equipped with a private laundry area for added convenience. This gated building offers ample parking in the front and back. The property sits on a large enough plot of land to accommodate 2 additional units at the back, potentially transforming the building into a 6 unit structure, or it can be developed for a larger, 5 stories 10-17 unit building. This amazing location provides easy access to schools, popular dining options, markets, freeway and metro.

Listed by Juliet Tunyan | BRE #01932679 | JohnHart Real Estate
Last checked: 4 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 394
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Home details

Lot Sq. Ft
8,000
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
GD23056333
City
Los Angeles
County
Los Angeles
Time on Site
447 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,000
  • Net Operating Income: $127,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,000
  • New Taxes: $14,000
  • Trash: $0
  • Insurance: $3,000
  • Water/Sewer: $0

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Property Details for 543 N Heliotrope Dr

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Kitchen Information
  • Has Appliances
  • Water Heater
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Parking Features: Driveway, Street
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5520008010
  • Year Built Source: Assessor
  • Property is Attached
  • Offered With Property: Central AC and Heating
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: In between: Melrose Ave and Beverly Blvd
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 543 N Heliotrope Dr

View property's historical transactions

  • April, 2023

  • Apr 6, 2023

    Date

    Active

    CRMLS: GD23056333

    $2,300,000

    Price

  • March, 2023

  • Mar 17, 2023

    Date

    Canceled

    CRMLS: SR22247877

    $2,300,000

    Price

  • Nov 29, 2022

    Date

    Active

    CRMLS: SR22247877

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    An exciting development opportunity in East Los Angeles, 543-545 N. Heliotrope Drive is an 8,000 square foot property zoned R3 and offers the chance to build up to 17 units in a prime location near Los Angeles City College, Hollywood, Silver Lake, Echo Park and Downtown. Just a stone’s throw from the nearest bus stop, the property boasts reduced parking requirements per the city’s guidelines for a transit-oriented community (TOC). Investors may enjoy the potential rental income from the existing four units that can be delivered vacant or with brand new lease agreements from the current tenants. Each well-maintained residence features hardwood and tile flooring, and ample natural light. Separate gas and electrical meters for each unit. Residents have access to detached storage and parking in the front or back of the property as well as the street. Located within close proximity of the 101 Freeway and all of L.A., these residences present an exciting opportunity in a convenient, coveted part of the city.

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Tax History for 543 N Heliotrope Dr

Assessed Value (2020): $827,622
Year Land Value Improved Value Assessed Value
2020 $573,750 $253,872 $827,622

Home Value Compared to the Market

This property vs the competition

543 N Heliotrope Dr is listed 72.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $447.17 per/sqft which puts the price per square foot 42.52% lower than the median price per square foot for the city of Los Angeles.

About 543 N Heliotrope Dr

Detailed summary of property

543 N Heliotrope Dr is a fourplex located in Los Angeles, CA 90004 and is currently for sale. This fourplex offers 10 bedrooms, 5 bathrooms, roughly 4,808 living square feet, and sits on an approximately 8,000 square foot lot. 543 N Heliotrope Dr was first listed on ArdentRealEstateGroup.com on April 6, 2023. The homeowner is currently asking $2,150,000 and was originally asking $2,300,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 72.14% higher than the median priced home. Local competing homes currently for sale include 4332 Lockwood Ave, 1115 N Madison Ave and 756 Hyperion Ave. While the average home in Los Angeles, CA is selling in 98 days, 543 N Heliotrope Dr has a days on market of 394 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 543 N Heliotrope Dr Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 543 N Heliotrope Dr

Public county record property details
Beds
8
Baths
4
Year built
1915
Sq. Ft.
4,608
Lot Size
7,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
94
APN
5520-008-010

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$1,075,000
Median Sold Price/Sq.Ft.
$764
Total Inventory
69
Median Sale to List Price %
93.56%
Avg Days on Market
31
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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Recently Sold Homes Near 543 N Heliotrope Dr

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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