NOT LISTED FOR SALE

1023 Hyperion Ave Los Angeles, CA 90029

10 Beds
6 Baths
4,419 Sq Ft
7,323 Sq Ft Lot

Last Sold December 08, 2021

Last sale price $1,933,000 $437 Per Sq Ft

2 Days on Market

Highlights

  • Open Floorplan
  • Community Lake
  • Cooling System Mounted To A Wall/Window
  • John Marshall Senior High Rated A
  • Property is near public transit
  • Living Room

About This Home

As of December 2021

*** 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!

Last Agent to Sell the Property

Bria Yik

Real Estates Unlimited License #01341144 Listed on: 10/18/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,323 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Level Lot

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 4,419 Sq Ft Home
  • Open Floorplan
  • Living Room
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • Parking Available
  • Covered Parking
  • Shared Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 12 / 10
  • Assessor Parcel Number 5427007012
  • $1,294 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Community Lake

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Other Phone Description: BRIA YIK
  • Other Phone Number: 3233774082
  • Price Per Unit: 332500
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5427007012
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 437.43
  • Room Type: Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Shared Driveway

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Lake, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Level, Near Public Transit
  • Lot Size Sq Ft: 7323.00
  • Lot Size Acres: 0.1681

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Lot Size Area: 7323.0000 Square Feet
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 6
  • Rent Control: Yes

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 1959.01
  • Tax Lot: 12
  • TaxOtherAnnualAssessmentAmount: 1294.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $1,933,000 -3.1% $437 / Sq Ft
10/18/2021 10/18/21 For Sale $1,995,000 -- $451 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bria Yik

    Seller's Agent in 2021

    Bria Yik

    Real Estates Unlimited

    (323) 377-4082

    1 in this area

    38 Total Sales

    Bria Yik
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21229363

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90029

1023 Hyperion Ave, Los Angeles, CA

This home is located at 1023 Hyperion Ave, Los Angeles, CA 90029 since 18 October 2021. This property was built in 1961. 1023 Hyperion Ave is a home located in Los Angeles County with nearby schools including Micheltorena Street Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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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