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

$2,440,000 Sold Price as of 03/10/2020
  • 12 Beds
  • 12 Baths
  • 4,892 Sq.Ft.
Sold
$2,440,000 Sold Price as of 03/10/2020 Refinance Your Mortgage

Map preview of 638 N Heliotrope Dr, Los Angeles, CA 90004

Property Overview: 638 N Heliotrope Dr Los Angeles, CA has 12 bedrooms, 12 bathrooms, 4,892 living square feet and 7,700 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: sold before processing.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,700
HOA Dues
$0/mo
Year built
2020
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
BB20053034
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.79%
  • Gross Rent Multiplier: 15.52
  • Gross Scheduled Income: $157,200
  • Net Operating Income: $116,905
  • Gross Operating Income: $150,912
  • Vacancy Allowance: $6,288
Annual Expense Breakdown
  • Total Operating Expense: $34,007
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $28,650
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,957
  • Maintenance: $1,600
  • Water/Sewer: $600

Property Details for 638 N Heliotrope Dr

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Level with Street, Level, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5538030021
  • Year Built Source: Builder
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On N Heliotrope Dr, south of Melrose Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

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Sale History for 638 N Heliotrope Dr

Last sold on March 12th, 2020
  • November, 2020

  • Nov 5, 2020

    Date

    Canceled

    CRMLS: 20613616

    $3,200

    Price

  • Oct 27, 2020

    Date

    Hold

    CRMLS: 20613616

    $3,200

    Price

  • Sep 29, 2020

    Date

    Price Change

    CRMLS: 20613616

    $3,200

    Price

  • Aug 4, 2020

    Date

    Active

    CRMLS: 20613616

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Brand New 4 Unit. Ready Move In. Central AC and Heater. Easy to Commute to Downtown LA. Hollywood Area and West Side of LA. All Appliances are Brand New..Range & Oven, Refrigerator, Washer & Dryer, Microwave. Tankless Water Heater. One Block away from LACC. Spacious Open Floor Plan.

  • August, 2020

  • Aug 4, 2020

    Date

    Canceled

    CRMLS: 20600062

    $3,300

    Price

  • Jul 29, 2020

    Date

    Price Change

    CRMLS: 20600062

    $3,300

    Price

  • Jul 9, 2020

    Date

    Price Change

    CRMLS: 20600062

    $3,500

    Price

  • Jul 6, 2020

    Date

    Active

    CRMLS: 20600062

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW 4 UNIT. READY MOVE IN. CENTRAL A/C AND HEATER. EASY TO COMMUTE TO DOWNTOWN L.A. , HOLLYWOOD AREA AND WEST SIDE OF L.A.. ALL APPLIANCES ARE BRAND NEW. RANGE & OVEN, REFRIGERATOR, WASHER & DRYER, MICROWAVE. TANK LESS WATER HEATER. ONE BLOCK AWAY FROM LACC. SPACIOUS OPEN FLOOR PLAN.

  • August, 2020

  • Aug 4, 2020

    Date

    Canceled

    CRMLS: 20594746

    $3,300

    Price

  • Jul 29, 2020

    Date

    Price Change

    CRMLS: 20594746

    $3,300

    Price

  • Jul 9, 2020

    Date

    Price Change

    CRMLS: 20594746

    $3,500

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: 20594746

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW 4 UNIT. READY MOVE IN. CENTRAL A/C AND HEATER. EASY TO COMMUTE TO DOWNTOWN L.A. , HOLLYWOOD AREA AND WEST SIDE OF L.A.. ALL APPLIANCES ARE BRAND NEW. RANGE & OVEN, REFRIGERATOR, WASHER & DRYER, MICROWAVE. TANK LESS WATER HEATER. ONE BLOCK AWAY FROM LACC. SPACIOUS OPEN FLOOR PLAN.

  • March, 2020

  • Mar 12, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2020

  • Mar 10, 2020

    Date

    Sold

    CRMLS: BB20053034

    $2,440,000

    Price

  • Mar 10, 2020

    Date

    Active

    CRMLS: BB20053034

    $2,440,000

    Price

  • March, 2020

  • Mar 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,440,000

    Price

  • April, 2018

  • Apr 26, 2018

    Date

    Sold

    CRMLS: 18321038

    $875,000

    Price

  • Mar 15, 2018

    Date

    Active Under Contract

    CRMLS: 18321038

    $899,000

    Price

  • Mar 8, 2018

    Date

    Active

    CRMLS: 18321038

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious home in a prime location! Access to LA's hippest hot spots at your doorstep as this property is situated between Melrose Ave & Beverly Blvd! The 4BR + 2BA home is spacious inside and out with more than 2,000 SF on a 7,700 SF lot and is well equipped to meet the needs of a modern family. Built in 1915, the home holds some of the charm with a quaint front porch and hardwood floors in the living and bedrooms. There is also a laundry/mudroom area with built-in storage and a utility sink.Situated in the highly desirable neighborhood of East Hollywood - only one block from LA City College and near many restaurants, shops, schools, and amenities! The prime location is bordered by Silver Lake, Los Feliz, Hollywood, Larchmont and Koreatown! Plus it is only blocks from both Melrose Ave and Beverly Blvd that hold some of LA's premier restaurants, shopping and more! Easily accessible from the TWO nearby metro stations - Vermont/Santa Monica Station & Vermont/Beverly & the 101 Freeway!

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Tax History for 638 N Heliotrope Dr

Assessed Value (2020): $1,182,850
Year Land Value Improved Value Assessed Value
2020 $910,350 $272,500 $1,182,850

Home Value Compared to the Market

This property vs the competition

638 N Heliotrope Dr sold on March 10, 2020 for 105.04% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $498.77 per/sqft which puts the price per square foot 33.94% lower than the current median sale per square foot for the city of Los Angeles.

About 638 N Heliotrope Dr

Detailed summary of property

638 N Heliotrope Dr is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 4,892 living square feet, and sits on an approximately 7,700 square foot lot. 638 N Heliotrope Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,440,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.04% higher than the current median priced home. Local homes that are currently for sale include 152 S Berendo St, 5017 Institute Pl and 5380 Romaine St. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 638 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 638 N Heliotrope Dr

Public county record property details
Beds
4
Baths
2
Year built
1915
Sq. Ft.
2,084
Lot Size
7,699
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
64
APN
5538-030-021

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
$1,500,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Related Resources to 638 N Heliotrope Dr

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.