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1023 Hyperion AVE Silver Lake, CA 90029
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Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21229363
Sold Date 12/08/21
HOA Y/N No
Year Built 1961
Lot Size 7,322 Sqft
Property Description
*** BEAUTIFUL 6-UNIT COMPLEX *** SUNSET JUNCTION PRIME LOCATION ***HUGE UPSIDE RENTAL POTENTIAL *** Tremendous opportunity to own income property in prime Sunset Junction - Silver lake! This well-maintained 6-unit complex totals 4,419 SF and is situated on a large 7,323 SF ZONE R3 LOT. Property offers an excellent unit mix of FOUR (4) spacious 2- bedroom 1-bath units and TWO (2) 1-bedroom 1-bath units. Property is completely gated for security and privacy and has on-site laundry facility, 6 parking spaces, and is separately metered for both electric and gas. Property is being delivered with ONE VACANT UNIT (recently renovated 2-bed 1-bath unit). Fantastic location and perfectly situated, just steps from the famed Sunset Junction with trendy eateries, chic boutique shops, artisan coffee shops, and the hottest entertainment and retails along famous Sunset Blvd. Located minutes from Silverlake Reservoir & dog park, the new Erewhon grocery store, local Farmers Market, Vista Theatre, Dodger Stadium, and neighboring cities of Los Feliz, Hollywood, Downtown LA, Echo Park, Burbank and Glendale. This Desirable location with consistent high demand rental area makes this complex ideal for investors, 1031 exchange buyers or owner-users. This is a one of a kind income property with enormous upside potential!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Interior Features Open Floorplan
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Range Hood
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Covered, Shared Driveway
Fence Wrought Iron
Pool None
Community Features Biking, Curbs, Dog Park, Lake, Park, Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Water Available
Private Pool No
Building
Lot Description Level, Near Public Transit
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5427007012
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Paul Jesman • Edward Jesman Realty