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**
Sold for $1,200,000 on 10/11/24
$1,200,000
1163 Hyperion Ave, Los Angeles, CA 90029
5beds
5baths
2,677sqft
Multi Family
Built in 1923
-- sqft lot
$1,168,300 Zestimate®
$448/sqft
$6,085 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 11, 2024 at 07:14am
Listed by:
Eric Dilanian DRE # 01951699 213-233-4379,
Remax Commercial and Investment Realty 213-817-1000
Bought with:
Arthur Chalekian, DRE # 01982432
JohnHart Real Estate
Source: CLAW,MLS#: 24-438581

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 2,677
- Total interior livable area: 2,677 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, On Street
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 6,464 sqft
Details
- Additional structures: Other
- Parcel number: 5429013018
- Zoning: LARD2
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & neighborhood
Location
- Region: Los Angeles
Services availability
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Estimated market value
$1,168,300