553 N Heliotrope Dr, Los Angeles, CA 90004 - Photo 1

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$1,300,000 Just Listed

For Sale
Active
Lots/Land
0.1837 Acres
Updated 1 day ago

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Property Description

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.

Full Property Details

Full Property Details for 553 N Heliotrope Dr

General

Price: $1,300,000
Status: Active
Type: Lots/Land
Source: CLAW
MLS ID: 26861879
Updated: 7/21/2026
Added to Site: 2 day(s) ago

Location

Area: Mid-Wilshire
County: Los Angeles
Driving Directions: North of Rosewood and South of Clinton.

Lot Features

Lot Size (Acres): 0.1837
Lot Size: 8001
Lot Size Source: Vendor Enhanced
Topography: Flat
Zoning: LAR3

Disclosures and Reports

Disclosures/Reports: Building Plans Available, As Is
APN: 5520-008-012

Listed by EstateX inc., Rosanna Russo and EstateX inc., Cindy Melendrez

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Listing agents

— 553 N Heliotrope Dr —

Rosanna Russo

EstateX inc.
Cindy Melendrez

EstateX inc.

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NMLS#: 1598647

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Schools

Schools serving 553 N Heliotrope Dr

School District:Los Angeles Unified School District

Name	Grades	Distance
Alexandria Avenue Elementary School 4211 Oakwood Avenue, Los Angeles, CA 90004	K-5	0.3 mi
Virgil Middle School 152 North Vermont Avenue, Los Angeles, CA 90004	6-8	0.5 mi
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026	9-12	2.2 mi
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	2.6 mi
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017	9-12	2.6 mi
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017	9-12	2.6 mi
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017	9-12	2.6 mi
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026	9-12	2.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 553 N Heliotrope Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/20/2026

Listed

$1,300,000

13.04%

MLS

12/02/2020

Sold

$1,150,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 553 N Heliotrope Dr

Year

Property Taxes

Change

Tax Assessment

Change

2025

$15,210

$1,244,795

2023

$14,818

$1,196,460

2022

$14,138

286%

$1,173,000

318%

2021

$3,659

-1%

$280,384

2020

$3,690

$277,510

2019

$3,557

$272,070

2018

$3,395

$266,737

2017

$3,325

$261,508

2016

$3,228

$256,381

2015

$3,182

21%

$252,531

26%

2014

$2,622

—

$200,392

—

2013

$2,616

—

$199,487

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 553 N Heliotrope Dr

553 N Heliotrope Dr, Los Angeles, CA 90004 (MLS# 26861879) is a Lots/Land property with a lot size of 0.1837 acres. 553 N Heliotrope Dr is currently listed for $1,300,000 and was received on July 20, 2026. Want to learn more about 553 N Heliotrope Dr? Do you have questions about finding other Lots/Land real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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553 N Heliotrope Dr Los Angeles, CA 90004