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- LoopNet Team
1001 Hyperion Ave
Los Angeles, CA 90029
Back on Market: 16 Units in Silverlake · Multifamily Property For Sale
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16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 8,808 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | Parking Ratio | 0.45/1,000 SF |
| Zoning | LAR3 - 0500 - 5 Or More apts or Units | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,808 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | LAR3 - 0500 - 5 Or More apts or Units |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
ABOUT 1001 HYPERION AVE , LOS ANGELES, CA 90029
Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale 1001 Hyperion Avenue, a 16-unit apartment building located just steps from the vibrant Sunset Junction. As one of Los Angeles’ most walkable neighborhoods, this submarket’s popularity and rental demand has grown significantly over the years, with five artisanal coffee shops, headlined by popular chain Intelligentsia, in the immediate area. It has become clear that the all-day foot traffic, desirability, and growth of the area is on an undeniable upward trajectory. Originally built in 1924, the building consists of 12 studio units and four one-bedroom/one-bathroom units, all separately metered for gas and electricity. The subject property is situated on a corner lot and has been well maintained over the years. The building offers partial on-site parking, on-site laundry and a large basement that can be used as storage space for tenants and an additional income stream. Situated in one of the most desirable locations in Los Angeles, this well-maintained pre-1930’s vintage building offers new ownership the opportunity to earn a solid return on investment from day one with compelling rent growth and appreciation potential over the long term.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 5427-007-016 | Improvements Assessment | $1,628,954 |
| Land Assessment | $2,546,899 | Total Assessment | $4,175,853 |
PROPERTY TAXES
