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 the chance to lock down a project in a rapidly growing, centrally located transit hub before it's gone.
Lot/land
$1,300,000
553 N Heliotrope Dr, Los Angeles, CA 90004
--beds
--baths
8,001Square Feet
Unimproved Land
Built in ----
8,001 Square Feet Lot
$1,074,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 25 days |
- 123 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Rosanna Russo DRE # 02087926 818-984-7098,
EstateX inc. 310-770-7032,
Cindy Melendrez DRE # 02109609 424-777-5365,
EstateX inc.
Source: CLAW,MLS#: 26861879
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 8,001 Square Feet
- Topography: Flat
Details
- Parcel number: 5520008012
- Zoning: LAR3
- Special conditions: Standard
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $1,244,795
- Annual tax amount: $15,210
- Date on market: 7/20/2026
- Road surface type: Asphalt, Concrete, Sidewalk
Estimated market value
$1,074,900
$903,000 - $1.27M
$5,617/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Listed for sale | $1,300,000+3.2% |
Source:  CLAW #26861879 Report a problem | ||
| 6/17/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/18/2026 | Listed for sale | $1,260,000-9.7% |
Source: Owner Report a problem | ||
| 11/24/2025 | Listing removed | $1,395,000 |
Source: CLAW #25557019 Report a problem | ||
| 10/24/2025 | Price change | $1,395,000-3.8% |
Source: CLAW #25557019 Report a problem | ||
| 10/1/2025 | Price change | $1,450,000-4.5% |
Source: CLAW #25557019 Report a problem | ||
| 9/6/2025 | Price change | $1,518,000-2.1% |
Source: CLAW #25557019 Report a problem | ||
| 7/29/2025 | Price change | $1,550,000-3.1% |
Source: CLAW #25557019 Report a problem | ||
| 6/25/2025 | Listed for sale | $1,600,000+39.1% |
Source: CLAW #25557019 Report a problem | ||
| 2/1/2021 | Sold | $1,150,000-10.7% |
Source: Public Record Report a problem | ||
| 11/30/2020 | Pending sale | $1,288,000 |
Source: SOUTHLAND PROPERTIES #CV20218749 Report a problem | ||
| 10/17/2020 | Listed for sale | $1,288,000+248.1% |
Source: SOUTHLAND PROPERTIES #CV20218749 Report a problem | ||
| 11/6/2011 | Listing removed | $370,000 |
Source: C-21 Powerhouse #R1103607 Report a problem | ||
| 6/4/2011 | Listed for sale | $370,000 |
Source: C-21 Powerhouse #R1103607 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,210 +0.7% | $1,244,795 +2% |
| 2024 | $15,105 +1.9% | $1,220,388 +2% |
| 2023 | $14,818 +4.8% | $1,196,460 +2% |
| 2022 | $14,138 +286.3% | $1,173,000 +318.4% |
| 2021 | $3,659 -0.8% | $280,384 +1% |
| 2020 | $3,690 | $277,510 +2% |
| 2019 | $3,690 +8.7% | $272,070 +2% |
| 2018 | $3,395 | $266,737 +2% |
| 2017 | $3,395 +2.1% | $261,508 +2% |
| 2016 | $3,325 +3% | $256,381 +1.5% |
| 2015 | $3,228 +1% | $252,531 +26% |
| 2014 | $3,197 | $200,392 +2.5% |
| 2012 | -- | $195,577 +2% |
| 2011 | -- | $191,743 +0.8% |
| 2010 | -- | $190,311 -0.2% |
| 2009 | -- | $190,765 +2% |
| 2008 | -- | $187,025 +2% |
| 2007 | -- | $183,358 +2% |
| 2006 | -- | $179,764 |
| 2005 | -- | $179,764 +4% |
| 2004 | -- | $172,786 +1.9% |
| 2003 | -- | $169,620 +2% |
| 2002 | -- | $166,295 +4% |
| 2000 | -- | $159,839 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Hollywood
Nearby schools
GreatSchools rating
- 8/10Alexandria Avenue Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Virgil Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Belmont Senior High SchoolGrades: 9-12Distance: 2.3 mi
- $1,152,3005 bd2 ba2.1k sqft559 N Heliotrope Dr, Los Angeles, CA 90004Off Market
- $--2 bd2 ba870 sqft553 N Heliotrope Dr #303, Los Angeles, CA 90004Off Market
- $--3 bd2 ba1.2k sqft553 N Heliotrope Dr #501, Los Angeles, CA 90004Off Market
- $---- bd1 ba400 sqft563 N Heliotrope Dr #106A, Los Angeles, CA 90004Off Market
- $---- bd1 ba470 sqft563 N Heliotrope Dr APT 208, Los Angeles, CA 90004Off Market
- $---- bd1 ba470 sqft563 N Heliotrope Dr APT 101, Los Angeles, CA 90004Off Market
- $---- bd1 ba470 sqft563 N Heliotrope Dr APT 103, Los Angeles, CA 90004Off Market
- $---- bd1 ba470 sqft563 N Heliotrope Dr APT 106, Los Angeles, CA 90004Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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