1163 Hyperion Avenue
Los Angeles, CA 90029
- – beds
- – baths
- – sqft
- 6,463 sqft lot
- 1923 build
- – on site
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We are pleased to present a unique investment opportunity: a 5-unit multi-family property located in the heart of Silver Lake, just steps from the iconic Sunset Blvd and Sunset Junction. This property offers investors strong returns with significant upside potential. Built in 1924/1923, the property features three single-story detached buildings. The total square footage is approximately 2,677, situated on a 6,461 SF lot. Located in a residentially zoned area with permit street parking for residents (Buyer to Verify), the property also offers tenants (4) Garage parking spaces. One unit will be delivered vacant. For the savvy investor, there is substantial value-add potential, including the possibility of adding one ADU unit, with an estimated upside of approximately 51% (buyer to verify feasibility). The property is zoned RD2-1VL.Strategically positioned in the vibrant core of Silver Lake with a walk score of 94 ("Walker's Paradise"),tenants will enjoy close proximity to premier retail corridors on Sunset Blvd, as well as convenient access Hollywood & Los Feliz. **Disclosure:** Buyers are advised to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, soft-story compliance, and the feasibility of constructing ADUs or additional units.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY-DRIVE BY ONLY**
Last checked:
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Last updated Jan 17, 2025
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MLS# 24438581 —
The Building
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Year Built:1923
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2677.00
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Total Number Of Units:5
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# of Buildings:3
Interior
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Levels:Two
Location
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Directions:North of Sunset
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Latitude:34.09353300
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Longitude:-118.27884400
The Property
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Property Type:Residential Income
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Zoning:LARD2
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Lot Size Area:6463.0000
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Lot Size Acres:0.1484
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Lot Size SqFt:6463.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5429013018
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage, Street
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Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/11/24
Oct 11, 2024
|
Sold | CRMLS_CA | $1,200,000 | 4.3% |
|
9/26/24
Sep 26, 2024
|
Pending | CRMLS_CA | $1,150,000 | |
|
9/12/24
Sep 12, 2024
|
Listed / Active | CRMLS_CA | $1,150,000 |
