$2,400,000
SOLD MAR 12, 2025
-- Bed
-- Bath
3,674 Sq Ft
4,021 Sq Ft Lot

Recently Sold

$653 Per Sq Ft

6% Below List Price

70 Days on Market

Highlights

  • 1-Story Property
  • Franklin Avenue Elementary Rated A-
  • Central Heating and Cooling System

About This Home

As of March 2025

Located on one of the most desirable stretches of Silver Lake going into Los Feliz lies this remarkable mixed-use office and live/work opportunity. Perfect for the owner/user or investor. The commercial building is a total of 3,674 RSF on a 4,021 RSF lot. The office space is 1,895 RSF and will be delivered 100% vacant. The live/work space is 1,779 RSF, and is occupied until February 28, 2026. Bringing in $2,513/mo, as an owner/user you can occupy 51% of the property at close of escrow, which allows one to be qualified for an SBA loan. The vacant office space features poured concrete floors, two executive offices, two junior offices, one shared work space perfect for assistants or freelancers, as well as an open office bay for additional freelancers or joint working. A large conference room features floor to ceiling windows, presenting great changing light throughout the day. The office kitchen is centrally located and provides ample storage, the unit also features two bathrooms one for guests located just off the lobby, as well as a second executive bathroom. The unit also featured three skylights, located throughout the space. Additionally, the potential of subdividing the office into two separate leased offices exists for further investment opportunity. The 1,779 RSF live/work, residence portion of the property is composed of a Japanese inspired two bedroom one bathroom artist loft, featuring custom millwork throughout; a perfect live work space for the creative spirit with minimal landlord responsibilities. The property comes with parking for two: the one car garage, plus a one-car gated driveway. Ample metered parking exists along Hyperion in addition to the nearby residential streets. Conveniently located to the best Silver Lake has to offer, including iconic restaurants, some of the city's best coffee and Erewhon.

Last Agent to Sell the Property

Daria Greenbaum

Compass License #02007115 Listed on: 11/04/2024

Compass

Co-Listed By

Blake Greenbaum

Compass License #02229333

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Interior Spaces

  • 3,674 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Car Garage
  • Carport

Additional Features

  • 4,021 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5431-001-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3674
  • Lot Acreage: 0.0923
  • Year Built: 1937
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 694.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Garage - 1 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 17.46
  • Assessed Improvement Value: 286110
  • Assessed Land Percent: 82.54
  • Assessed Land Value: 1352520
  • Total Assessed Value: 1638630
  • Assessor Parcel Number: 5431-001-015
  • Lot Size Area: 4021

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 1
  • Type Of Units: Mixed Use

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Mar 2, 2025
Sold by
1820 Hyperion Llc
Bought by
Hyperion 2025 Trust and Sage Light Properties Llc
Seller's Agent
Daria Greenbaum
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,550,000
Sold Price
$2,400,000
Premium/Discount to List
-$150,000
-5.88%
Views
54
Current Estimated Value
$2,310,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,406
Avg. Annual Appreciation
-4.27%

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 31, 2023
Sold by
Montecito Venture Partners Llc
Bought by
1820 Hyperion Llc
Seller's Agent
Andrew Malekie
Link Brokerages
Buyer's Agent
Geoffrey Martin
Compass
List Price
$1,999,000
Sold Price
$2,030,000
Premium/Discount to List
$31,000
1.55%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%

Purchase Details

Closed on
Jul 16, 2013
Sold by
Plochere Michelle Aimee
Bought by
Plochere Michelle Aimee and Dalzell Michelle Amie

Purchase Details

Closed on
Oct 2, 2007
Sold by
Plochere Gustave M
Bought by
Plochere Gustave M and The Gustave M Plochere Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,400,000 Chicago Title Company
Grant Deed $840,000 Equity Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2025 03/12/25 Sold $2,400,000 -5.9% $653 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
11/04/2024 11/04/24 For Sale $2,550,000 +25.6% $694 / Sq Ft
11/06/2023 11/06/23 Sold $2,030,000 +1.6% $553 / Sq Ft View Prior Sale
10/16/2023 10/16/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,999,000 -- $544 / Sq Ft
Source: The MLS

Tax History

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
2025 $24,994 $2,070,600 $1,530,000 $540,600
2024 $24,994 $2,030,000 $1,500,000 $530,000
2023 $20,294 $1,638,630 $1,352,520 $286,110
2022 $19,356 $1,606,500 $1,326,000 $280,500
2021 $2,469 $158,693 $26,018 $132,675
2020 $2,484 $157,067 $25,752 $131,315
2019 $2,407 $153,989 $25,248 $128,741
2018 $2,321 $150,970 $24,753 $126,217
2016 $2,186 $145,110 $23,793 $121,317
2015 $2,161 $142,931 $23,436 $119,495
2014 $2,178 $140,132 $22,977 $117,155
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-458383

The MLS

APN: 5431-001-015