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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

    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**

    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#: 24-438581MLS Logo

    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