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$2,250,000
Est. payment /mo
10 Beds
6 Baths
4,785 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,785 sqft
Price per Sqft $470
MLS Listing ID 26869477
Bedrooms 10
HOA Y/N No
Year Built 1924
Lot Size 7,644 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 4
Building
Story 6
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5427012019
Special Listing Condition Standard
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Listed by Nick Astrupgaard KW Commercial Studio City #01893466
NEARBY SCHOOL & BUSINESS
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Sharlotte Blake
Broker Associate | License ID: 02035876
Broker Associate License ID: 02035876
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