Rod Vargas
Tierra Properties
(424) 343-1076
21 Total Sales
1 in Silver Lake
$1,445,000 Price
1163 Hyperion Ave Los Angeles, CA 90029
Silver Lake Neighborhood
5
Beds
5
Baths
2,677
Sq Ft
6,463
Sq Ft Lot
About This Home
As of October 2024We are pleased to present a unique investment opportunity: a 5-unit multi-family property located in the heart of Silver Lake, just steps from the iconic Sunset Blvd and Sunset Junction. This property offers investors strong returns with significant upside potential. Built in 1924/1923, the property features three single-story detached buildings. The total square footage is approximately 2,677, situated on a 6,461 SF lot. Located in a residentially zoned area with permit street parking for residents (Buyer to Verify), the property also offers tenants (4) Garage parking spaces. One unit will be delivered vacant. For the savvy investor, there is substantial value-add potential, including the possibility of adding one ADU unit, with an estimated upside of approximately 51% (buyer to verify feasibility). The property is zoned RD2-1VL.Strategically positioned in the vibrant core of Silver Lake with a walk score of 94 ("Walker's Paradise"),tenants will enjoy close proximity to premier retail corridors on Sunset Blvd, as well as convenient access Hollywood & Los Feliz. **Disclosure:** Buyers are advised to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, soft-story compliance, and the feasibility of constructing ADUs or additional units.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY-DRIVE BY ONLY**
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01951699 Listed on: 09/12/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,463 Sq Ft Lot
Interior Spaces
- 2,677 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 4 Car Garage
- On-Street Parking
Listing and Financial Details
- Assessor Parcel Number 5429-013-018
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- Rent Control
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Silver Lake, CA
-
Rod Vargas
-
Alexander Masket
Alexander Masket
Responds QuicklyCompass
(323) 310-1876
28 Total Sales
1 in Silver Lake
$1,525,000 Price
-
Mark Caton
Mark Caton
Pacific Ranch Realty
(858) 289-5749
12 Total Sales
1 in Silver Lake
$1,699,000 Price
-
Vicky Pham
Vicky Pham
eXp Realty of California, Inc
(858) 247-3173
33 Total Sales
1 in Silver Lake
$955,000 Price
-
David Shin
David Shin
Dream Realty & Investments Inc
(562) 364-0920
32 Total Sales
1 in Silver Lake
$1,930,000 Price
-
Lee Mintz
Lee Mintz
Compass
(424) 255-3998
27 Total Sales
1 in Silver Lake
$1,800,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Yerestian David | -- | Commonwealth Land Title Compan | |
| Yerestian David | $1,200,000 | Commonwealth Land Title Compan | |
| Wilson Duke William C | -- | None Available | |
| Wilson Duke William C | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $990,000 | ||
| Previous Owner | Yerestian David | $800,000 | |
| Previous Owner | Wilson Bert | $225,000 | |
| Previous Owner | Duke William C | $190,000 | |
| Previous Owner | Duke William C | $30,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $1,200,000 | +4.3% | $448 / Sq Ft |
| 09/26/2024 09/26/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | For Sale | $1,150,000 | -- | $430 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $15,164 | $1,224,000 | $918,000 | $306,000 |
| 2025 | $15,164 | $1,200,000 | $900,000 | $300,000 |
| 2024 | $3,634 | $229,658 | $172,253 | $57,405 |
| 2023 | $3,579 | $225,156 | $168,876 | $56,280 |
| 2022 | $3,444 | $220,742 | $165,565 | $55,177 |
| 2021 | $3,394 | $216,415 | $162,319 | $54,096 |
| 2020 | $3,418 | $214,197 | $160,655 | $53,542 |
| 2019 | $3,313 | $209,998 | $157,505 | $52,493 |
| 2018 | $3,209 | $205,881 | $154,417 | $51,464 |
| 2016 | $3,016 | $197,888 | $148,422 | $49,466 |
| 2015 | $2,981 | $194,916 | $146,193 | $48,723 |
| 2014 | $3,023 | $191,099 | $143,330 | $47,769 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Dilanian
Seller's Agent in 2024
Eric Dilanian
RE/MAX
(213) 233-4379
4 in this area
51 Total Sales
-
Arthur Chalekian
Buyer's Agent in 2024
Arthur Chalekian
Equity Union
(818) 634-2844
1 in this area
24 Total Sales
Map
Source: The MLS
MLS Number: 24-438581
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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