1820 Hyperion Avenue

Los Angeles, CA 90039

$2,030,000
Last Sold Price
2
Beds
3
Baths
3,674 Sq. Ft.
$553 / Sq. Ft.
3,674
Sq. Ft.
$553
per Sq. Ft.

Description

We are pleased to present for sale an extremely rare mixed-use owner/user and/or investment opportunity in an iconic location, nestled between Silver Lake and Los Feliz - two of LA's most prized sub-markets. The 3,674 SF property is located north of famous Sunset Blvd and less than half a mile from the Historic Sunset Junction, adjacent to Los Feliz's booming Franklin Hills District. The property will be delivered 67% VACANT. With recent capital improvements of over $250,000, this mixed-use asset...We are pleased to present for sale an extremely rare mixed-use owner/user and/or investment opportunity in an iconic location, nestled between Silver Lake and Los Feliz - two of LA's most prized sub-markets. The 3,674 SF property is located north of famous Sunset Blvd and less than half a mile from the Historic Sunset Junction, adjacent to Los Feliz's booming Franklin Hills District. The property will be delivered 67% VACANT. With recent capital improvements of over $250,000, this mixed-use asset has strong potential commercial tenancy and stabilized residential tenancy in place. The vacant commercial unit consists of a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 Bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant potential returns and minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 12 months remaining, interest-only, at 0.50% (you read that right, one half of a percent, interest only).
  1. Listed by Andrew Malekie • DRE #02153774 • Brokerage DRE #01237359 • Link Brokerages
  2. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 1820 Hyperion Avenue

Zoning
LAC2
Parcel Number
5431001015
Total Units
2.0
Living Area
3674
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
73
Lot Size Area
4021

Location

Listing Courtesy of Link Brokerages, Andrew Malekie, DRE #02153774; Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Compass, Geoff Martin, DRE #01313514; Compass, Kurt Wisner, DRE #01431217

Add your commute
LISTING UPDATED: 11/06/2023 09:47 AM

Property Details for 1820 Hyperion Avenue

StatusSold
MLS #23-316875
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.09 AC / 4,021 SF
CountyLos Angeles County

Location

Listing Courtesy of Link Brokerages, Andrew Malekie, DRE #02153774; Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Compass, Geoff Martin, DRE #01313514; Compass, Kurt Wisner, DRE #01431217

Add your commute

Building Information for 1820 Hyperion Avenue

Stories1Residences-Year Built1937Building Size-Lot Size0.09 AC / 4,021 SF

Payment Calculator

$12,770 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,079

Property Taxes

$1,691

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1820 Hyperion Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Mixed Use
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $156,783
  • Net Operating Income: $121,743.00
  • Gross Income: $156,783
  • Cap Rate: 6.10%
  • Gross Rent Multiplier: $12.75
  • Total Annual Expense: 35040
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0923
  • Lot Size Square Feet: 4021
Parking Details
Parking Details
  • Parking Garage: Carport, Garage - 1 Car
  • Total Parking: 2
  • Garage Spaces Total: 1
  • Carport Spaces Total: 1
  • Parking Features: Carport, Garage - Single Door
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-02-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $13,065.00
  • Unit Actual Rent: $13,065.00
  • Unit Projected Rent: $13,965.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $280,500.00
  • Assessed Improvement Percent: 17.46
  • Assessed Land Value: $1,326,000.00
  • Assessed Land Percent: 82.54
  • Assessed Total Value: $1,606,500.00

Property History for 1820 Hyperion Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1820 Hyperion Avenue

Taxable ValueLand$1,352,520Additions$286,110Total$1,638,630
Tax Record2023$20,294 ($1,691 / month)
Home Facts
Total Finished SqFt3,674 SqFtAbove Grade Finished SqFt3,674 SqFtStories1Lot Size4,021 SqFtStyleMiscellaneous CommercialYear Built1937ZoningLAC2CountyLOS ANGELESAPN5431-001-015

Schools near 1820 Hyperion Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Franklin Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Link Brokerages, Andrew Malekie, DRE #02153774; Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.