Listed by Rosanna Russo of EstateX inc.
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.

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Property Details of 553 N Heliotrope Drive

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Based on information submitted to CRMLS as of July 29, 2026 12:05 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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