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1163 Hyperion Ave, Los Angeles, CA 90029

Sale Price: $1,200,000
Sep 12, 20242,677 sqft5 beds5 baths
Listed by: Eric Dilanian
License #: 01951699
Phone #: 213-233-4379
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24438581

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**
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$21,921

TurboHome Estimated Value

$1,305,700

$488 sqft

High Valuation
$1,370,985
$512/sqft
Normal Valuation
$1,305,700
$488/sqft
Low Valuation
$1,240,415
$463/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$488/sqft$1,305,700

Neighborhood: Silver Lake

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Comparative Value

$1.00M

$1.15M

$1.20M

$1.60M

$1.75M

3303 Hamilton Way, Los Angeles, CA 90026

Sale Price: $1,000,000

Selected Comparable

1163 Hyperion Ave, Los Angeles, CA 90029

List Price: $1,150,000

Subject Property

1163 Hyperion Ave, Los Angeles, CA 90029

Sale Price: $1,200,000

Selected Comparable

2445 Lake View Ave, Los Angeles, CA 90039

Sale Price: $1,603,000

Selected Comparable

2755 Angus St, Los Angeles, CA 90039

Sale Price: $1,610,000

Selected Comparable

1330 Silver Lake Blvd, Los Angeles, CA 90026

Sale Price: $1,745,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1163 Hyperion Ave, Los Angeles, CA 90029

1163 Hyperion Ave, Los Angeles, CA 90029

List: $1,150,000

Listed: 9/12/2024

Area:2,677 sqft
Price/sqft:$430
Beds:5
Baths:5
Year Built:
Lot Size:6,463

Comparable Properties

COMPARABLE
Choose comps
1163 Hyperion Ave, Los Angeles, CA 90029

1163 Hyperion Ave, Los Angeles, CA 90029

Sale: $1,200,000

10/11/20240.00 mi

Area:2,677 sqft
Price/sqft:$448
Beds:5
Baths:5
Year Built:
Weight:24.9%
2445 Lake View Ave, Los Angeles, CA 90039

2445 Lake View Ave, Los Angeles, CA 90039

Sale: $1,603,000

1/30/20251.50 mi

Area:2,530 sqft
Price/sqft:$634
Beds:5
Baths:5
Year Built:
Weight:21.5%
1330 Silver Lake Blvd, Los Angeles, CA 90026

1330 Silver Lake Blvd, Los Angeles, CA 90026

Sale: $1,745,000

5/13/20250.79 mi

Area:2,426 sqft
Price/sqft:$719
Beds:5
Baths:4
Year Built:
Weight:20.3%
3303 Hamilton Way, Los Angeles, CA 90026

3303 Hamilton Way, Los Angeles, CA 90026

Sale: $1,000,000

2/14/20250.53 mi

Area:2,626 sqft
Price/sqft:$381
Beds:4
Baths:4
Year Built:
Weight:17.0%
2755 Angus St, Los Angeles, CA 90039

2755 Angus St, Los Angeles, CA 90039

Sale: $1,610,000

9/20/20241.17 mi

Area:3,157 sqft
Price/sqft:$510
Beds:5
Baths:4
Year Built:
Weight:16.3%

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