$1,150,000
Pending
20 Days Online
5 Beds5 Baths2,677 SQFT
Pending

1163 Hyperion Avenue Los Angeles, CA 90029

View all 27 Photos
Static map
Map

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. With a GRM of 10.08, a Cap Rate of 6.57%, and a Cash-on-Cash Return of 5.8%, this property offers investors strong returns with significant upside potential. Built in 1924/1923, the property features three single-story detached buildings, consisting of (3) 1Bedroom & 1 Bath units, (1) 3-Bedroom & 1-Bath unit, and (1) 2-Bedroom & 1-Bath unit. 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**

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site19 Days
  • MLS StatusPending
  • MLS ID Number24438581
  • Home Size Source Assessor
  • Year Built1923
  • Lot Size0.1484 Acres
  • Full BathsN/A
  • Partial BathsN/A

Sell your house quickly!

Get multiple potential cash offers for your home. Fast and hassle-free!

Learn More

Recent Activity For 1163 Hyperion Avenue Los Angeles, CA 90029

6 days ago
6 days ago
3 weeks ago

Don't miss a thing!

Get updates on new activity for this listing

General Features

  • Parking GarageStreet
  • Parking Spaces 4
  • Number of Stories 20
  • Acreage 0.1484
  • Zoning LARD2
  • Listing Conditions Standard

Community Features

  • Senior Community No
  • MLS Area C21 - Silver Lake - Echo Park

Mortgage Calculator

Monthly Payment (Est.)

$5,563
Copyright ©2024 Information is deemed reliable but not guaranteed.

Listings Nearby 1163 Hyperion Avenue Los Angeles, CA 90029