Property listed by KW Commercial Studio City, Nick Astrupgaard 818-432-1500
$2,250,000
KW Commercial is pleased to exclusively present 832 Hyperion Avenue, a rare six-unit multifamily investment opportunity prominently situated atop the Silver Lake Hills in one of Los Angeles' most desirable and supply-constrained rental submarkets. Offered for sale for the first time in more than a decade, the property represents the… Read More opportunity to acquire a generationally owned asset combining classic California architecture, recent capital improvements, and compelling long-term value-add potential. Constructed in 1924, the property is an outstanding example of California Spanish bungalow architecture, consisting of three charming duplex-style buildings thoughtfully positioned across a 7,643-square-foot LARD2-zoned parcel. The property comprises approximately 4,785 square feet and features four spacious two-bedroom, one-bathroom residences and two one-bedroom, one-bathroom residences. Its duplex configuration creates a true neighborhood feel, offering residents an uncommon level of privacy that closely resembles single-family living. Many residences retain their original architectural character while benefiting from extensive modernization. Five of the six apartments have been remodeled within the past five years, featuring updated kitchens with stainless steel appliances, modern cabinetry and countertops, renovated bathrooms, hardwood flooring, abundant natural light, and thoughtfully designed living spaces. Five residences enjoy private yards or patios, while several units capture sweeping hillside and city views, creating a highly desirable indoor-outdoor living experience rarely found in comparable multifamily properties. Additional amenities include on-site laundry, four off-street parking spaces, and a substantial basement storage area beneath the center building. Ownership has completed numerous capital improvements, including a new roof (2024), updated exterior stairs and deck, foundation improvements, mini-split HVAC installation, and newer water heaters. The property is also separately metered for gas and electricity, providing operational efficiencies and reducing landlord utility expenses. Ideally located just south of Sunset Boulevard, residents enjoy immediate access to Sunset Junction, the Silver Lake Reservoir, Virgil Village, and the neighborhood's renowned collection of acclaimed restaurants, cafes, boutiques, nightlife, and entertainment. The property's exceptional walkability and quintessential Silver Lake setting continue to drive strong tenant demand among young professionals and creative residents seeking one of Los Angeles' premier lifestyle neighborhoods. Beyond its attractive in-place income and recent improvements, 832 Hyperion Avenue offers meaningful long-term upside. The property's duplex-style layout, individual entrances, private outdoor spaces, and townhouse-like feel make it an exceptional candidate for a future Tenancy-in-Common (TIC) conversion, presenting investors with an additional avenue for value creation. Combining architectural charm, modernized interiors, recent capital improvements, and one of Los Angeles' most coveted locations, 832 Hyperion Avenue represents a rare opportunity to acquire a truly distinctive Silver Lake investment asset. Read Less
Listing Snapshot
Days Online
58
Last Updated
Beds
10
3/4 Baths
6
Square Ft.
4,785
Lot Size
0.18 Acres
Year Built
1924
MLS Number
26869477
Additional Details
Building
Built in 1924, Living area: 4785.0, 3 buildings, 6 stories, Levels: Two
Income
Gross Income: $169,971, Net Operating Income: $119,689
Lot
0.1755 acres
Parking
4 total parking spaces, Covered
Taxes
Parcel Number: 5427012019, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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