Los Angeles, CA 90029,1163 Hyperion AVE
See all 27 photos
Los Angeles, CA 90029,1163 Hyperion AVE
Los Angeles, CA 90029,1163 Hyperion AVE
Los Angeles, CA 90029,1163 Hyperion AVE
Los Angeles, CA 90029,1163 Hyperion AVE

$1,200,000

Est. payment /mo

$1,150,000

4.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1163 Hyperion AVE Los Angeles, CA 90029

5 Beds

5 Baths

2,677 SqFt

SOLD DATE : 10/11/2024

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,677 sqft

Price per Sqft $448

MLS Listing ID 24438581

Sold Date 10/11/24

Bedrooms 5

HOA Y/N No

Year Built 1923

Lot Size 6,464 Sqft

Property Description

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**

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Fireplace No

Exterior

Garage Garage, On Street

Parking Type Garage, On Street

Total Parking Spaces 4

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5429013018

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Eric Dilanian • Remax Commercial and Investment Realty
Bought with Arthur Chalekian • JohnHart Real Estate

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.