1001 Hyperion Avenue

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Address: 1001 Hyperion Ave, Los Angeles, California, US
Created date: December 1, 2023
Date last updated: December 1, 2023

Property Description

We are pleased to present a sixteen (16) unit apartment building located at 1001 Hyperion Avenue in Los Angeles, California. The subject property is located in a prime Silver Lake location, just south of Sunset Junction and east of N Hoover Street. Built in 1924, this property contains a solid unit mix of four (4) studio / one-bathroom units, eight (8) junior one-bedroom / one-bathroom units, and four (4) larger one-bedroom / one-bathroom units. Seven (7) units will be delivered vacant, with select units being fully renovated and ready for immediate lease-up. The property is on a rare corner lot within one (1) block from the height of Silver Lake living at Sunset Junction, featuring some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. Some of these amenities include Intelligentsia Coffee, Warby Parker, Tartine Silver Lake, The Black Cat, Maison Kitsune LA, Naturewell Vegan Juice, and many more. This character, Spanish style building also contains a private office space accessible from the on-site parking lot, right next to the large on-site laundry room. Past the private office is a sprawling basement space with a wide variety of potential uses to add value. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on a rare, mid-size asset with ample value-add potential in one of the trendiest markets of Los Angeles.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $5,100,000
No. of Units: 16
Year Built: 1924
Building Size: 8,808 Sq ft
Lot Size: 7,318.00 Sq ft
No. of Stories: 2
Opportunity Zone: No
Price per unit: $318,750
Address: 1001 Hyperion Ave, Los Angeles, California, US

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