1114 North Heliotrope Drive, Los Angeles, CA 90029
1114 North Heliotrope Drive, Los Angeles, CA 90029
Property Description
Multifamily development opportunity situated on an approximately 6,750 square foot lot within an Opportunity Zone. The property had a proposed five story, 30 unit residential project totaling approximately 15,450 square feet. The unit mix included studio, one bedroom, two bedroom, and three bedroom residences, with a portion of the units designated as affordable housing including TOC Tier 4 incentives. Located near the Vermont and Santa Monica Metro station and Los Angeles City College, the property offers potential for a future multifamily development.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 31.7% below the median closed sale of $1,500,000. Price per sqft ($661) is a 18% discount to closed comps ($805).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1265 Harvard Boulevard | Los Angeles | 1920 | 4 | 1 | 1,488 | 6,503 | $669 | $995,999 | 419 | 88 |
| 151 110th Street | Los Angeles | 1924 | 3 | 2 | 1,376 | 5,322 | $508 | $699,000 | 680 | 77 |
| 3876 Edgehill Drive | Los Angeles | 1941 | 3 | 3 | 1,554 | 5,854 | $1,014 | $1.57M | 614 | 75 |
| 3417 Arlington Ave | Los Angeles | 1913 | 3 | 2 | 1,311 | 6,134 | $725 | $950,000 | 641 | 74 |
| 2133 Mayview Drive | Los Angeles | 1937 | 3 | 3 | 1,698 | 4,690 | $1,116 | $1.90M | 378 | 73 |
| Total: 5 · Average | 3.2 | 2.2 | 1,485.4 | 5,700.6 | $806.4 | $1.22M | 546.4 | |||
| Median | 1,488 | $995,999 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 914 Terrace 49 | Los Angeles | 1916 | 10/08/2026 | 4 | 2 | 1,536 | 7,501 | $1.40M | $1.50M | $977 | 1.07 | 48 | 94 |
| 3217 Lowry Road | Los Angeles | 1923 | 10/07/2026 | 3 | 3 | 1,635 | 7,875 | $1.99M | $1.99M | $1,217 | 1.00 | 34 | 91 |
| 1301 Orange Grove Avenue | Los Angeles | 1920 | 10/09/2026 | 4 | 4 | 1,864 | 7,248 | $1.79M | $1.60M | $858 | 0.89 | 33 | 88 |
| 1430 51st | Los Angeles | 1910 | 10/09/2026 | 5 | 1 | 1,766 | 6,499 | $599,000 | $610,000 | $345 | 1.02 | 64 | 87 |
| 4021 Degnan Boulevard | Los Angeles | 1938 | 10/07/2026 | 4 | 2 | 1,500 | 7,836 | $935,500 | $945,000 | $630 | 1.01 | 77 | 87 |
| Total: 5 · Average | 4.0 | 2.4 | 1,660.2 | 7,391.8 | $1.33M | $1.33M | $805.4 | — | 51.2 | ||||
| Median | 1,635 | $1.50M | $1.50M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.