549 N. Heliotrope Dr., Los Angeles, CA 90004 – 17 UNIT READY TO ISSUE PROJECT IN OPPORTUNITY ZONE. LESS THAN $73K/DOOR.
Description
Located in Prime East Hollywood is this ready-to-issue (RTI) 17 unit multi-family development site that sits in an Opportunity Zone. The building will be comprised of 9 studios, 6 two-bed & two bath, and 2 three-bed & two-bath homes. This project will be delivered Ready-to-Issue with the possibility of having 4 Affordable Units with no Rent Control or 3 Affordable Units with Rent Control. The project offers developers the opportunity to build four-stories on top of an on grade podium which would house 9 parking spaces. The project site, which currently houses a vacant duplex, is situated just a half-mile away from the Vermont / Beverly Metro Subway Station, and is bordered by East Hollywood to the north, Silver Lake to the northeast, and Koreatown to the south.
Property Features
- Project Sold Fully RTI (Ready to Issue)
- Less than $73,000 per buildable door
- Located in Opportunity Zone
- 17 Total Unit Residential Project (currently a vacant duplex on site)
- Opportunity to Build Four Stories on Top of an On-Grade Podium
- Nine Separate Studios
- Six Two Bedroom/Two Bathroom Models
- Two Three Bedroom/Two Bathroom Models
- Many Homes with Private Outdoor Space
- 3 or 4 Units Reserved for Affordable Housing
- 9 Parking Spaces
- Located 1/2 Mile from the Vermont/Beverly Subway Station Near Los Angeles City College with Easy Access to the 101
- Surrounded by Shops, Restaurants, Nightlife with a Great Walk Score of 77 (Very Walkable)
Address
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Address 549 Heliotrope Dr, Los Angeles, CA 90004, USA
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Country United States
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Postal code/ZIP 90004
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Contact
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093