756 Hyperion Ave, Los Angeles, CA 90029
FOR SALE

756 Hyperion Ave
Los Angeles, CA 90029

Silver Lake
  • 7 Beds
  • 5 Baths
  • 3,570 sqft
  • 7 Beds
  • 5 Baths
  • 3,570 sqft

$1,950,000

Original price: $2,050,000
Est. Mortgage $12,402/mo*
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Local Information

map showing home location
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Commute Destination

Description

Prime Investment Opportunity Quadplex Next to Virgil Village and Sunset Junction! 756 Hyperion Ave presents a captivating opportunity near the heart of Virgil Village and Sunset Junction, boasting a charming California Bungalow and Midcentury Triplex. This small hillside property features a driveway that leads to a triplex in the rear of the property. The hillside through portions of the property could provide unobstructed views of the Hollywood sign and the Griffith Observatory. The property consists of a 1 bed/1 bath bungalow constructed in 1916spanning 646 SF renovated in 2015, alongside a triplex built in 1965, featuring one 4 bed/2 bath owner's unit and two 1 bed/1 bath units, totaling 2,934 SF. Notably, both the owner's unit and one of the 1 bed units in the triplex will be vacant upon close of escrow. Currently, the property demonstrates a Gross Rent Multiplier (GRM) of 15.32 with a cap rate of4.4%, indicating its strong investment potential. Additionally, the spacious lot offers ample parking space and potential for an Additional Dwelling Unit (ADU) at the rear. Conveniently situated, a stroll up Hyperion or Hoover leads to the vibrant Sunset Blvd., renowned for its diverse retail and dining options at Sunset Junction. Similarly, exploring south on Virgil or Hoover provides access to the bustling Virgil Village scene. This property's central location coupled with its remarkable upside potential makes it an enticing investment opportunity for discerning buyers

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$546
Listed
54 days ago

Home Details for 756 Hyperion Ave

Interior Features

Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 5
Dimensions and Layout
Living Area: 3570 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Levels: Multi/Split

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: On Street

Days on Market

Days on Market: 54

Property Information

Year Built
Year Built: 1916
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
No Additional Parcels

Price & Status

Price
List Price: $1,950,000Price Per Sqft: $546

Active Status

MLS Status: Active

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: 24-364747

Building

Building Area
Building Area: 3570 Square Feet

Lot Information

Lot Area: 7514.1 sqft

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Gas, Electricity

Rental

Owner Pays: Water, Electricity, Grounds CareHas Rent Control

Miscellaneous

Mls Number: 24-364747
Last check for updates: about 11 hours ago
Listing courtesy of Michael R. Fukushima DRE # 01380445, (818) 321-6490
Keller Williams Downtown LA, (213) 797-7000
Stephen F. Watson DRE # 01187813, (213) 446-3636
Keller Williams Downtown LA, (213) 797-7000
Source: CLAW, MLS#24-364747

Price History for 756 Hyperion Ave

DatePriceEventSource
04/19/2024$1,950,000PriceChange
CLAW #24-364747
03/04/2024$2,050,000Listed For SaleCLAW #24-364747

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Property Taxes and Assessment

Year2023
Tax$2,115
Assessment$117,765
Home facts updated by county records

Comparable Sales for 756 Hyperion Ave

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Sold Date
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Neighborhood Overview

Silver Lake
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What Locals Say about Silver Lake

  • Griffin.walmsley
    "seems safe for kids, lots of kids walking home from school by themselves often. Woman feel safe walking here at night as well"
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  • Trulia User
    "Silver lake is Pleasant and friendly - good mix of young families and single people and good grocery stores and restaurants "
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  • Trulia User
    "I’m visiting but it’s a great spot where people are always active and nice neighborhoods that feel very safe."
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  • Trulia User
    "My office and my daughter’s school are both within a 10 minute drive, so the commute is fine. Traffic can be a little congested at rush hours but mostly it’s fine."
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  • Trulia User
    "The best, most unique, most down to earth neighborhood in LA. West coast flair with east coast vibes. "
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  • Trulia User
    "Road construction slows my commute. A 15 minute commute has become a half hour. More people could work remotely a few days a week to reduce traffic. "
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  • Trulia User
    "Lovely location, friendly area. Great light very beautiful place to live. Lots of cafes grocery stores "
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  • Trulia User
    "Lots of activities and good people. Local shopping, very supportive of each other. Great yoga and outdoor green spaces."
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  • Trulia User
    "Halloween is pretty awesome. Your can see the Dodger Stadium fireworks. I mostly feel safe walking around the neighborhood while my little girl rides her bike, sometimes there are cars that drive too fast but for the most part everyone is looking out for each other. "
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  • Trulia User
    "Día de los muertos , sunset triangle, farmers market, walkability not sure what Else to say, I have lived here for 10 years and even though it’s a little gentrified I still love it. I know a lot of my neighbors and I love how diverse communities"
    2
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  • Trulia User
    "its the perfect mix of city and community. im honestly not sure why you would live anywhere else. also, a 100 character minimum is really annoying. not sure how long you have to type to say not a lot at all that no one will read."
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  • Trulia User
    "There is a school not too far from the area, great dog park nearby, farmer’s market on the weekends, great restaurants, great friendly neighbors, young families with young children and pets… "
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  • Trulia User
    "Farmer’s Market on the weekends. Great taco trucks in the neighborhood. Not sure what other activities are happening around the area anymore. COVID changed the neighborhood considerably. Crime went up, homelessness became a huge issue, burglaries… etc."
    1
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  • Trulia User
    "Great public school managed by parents . It is a progressive neighborhood with art and culture at its forefront. Not as diverse as it should be. But seeking diversity as a community. And although it has become more affluent over the last two decades there is still an element of the original character of the neighborhood. "
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  • Trulia User
    "Quiet friendly neighbors. Love that everyone is always out walking around. Safe neighborhood. Streets are small but no one is speeding through too fast. "
    1
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  • Trulia User
    "There are coyotes abound, beware of them when you are put walking your dogs. Especially around the area along Apex between Fargo and Cove. But the great news for dogs is a stellar dog park down at the reservoir, with separate areas for small and large dogs. "
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  • Trulia User
    "Dog park right by the reservoir is great. Separate spaces for small dogs and big ones. Lots of great walking in the hills too."
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  • Benjamin M.
    "Moving around the city is easy from here. You can get everywhere quickly as its close to freeways going north south and east west. "
    3
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  • Loren
    "Fun neighborhood. Crazy loud dogs barking all the time. Easy to walk around. No need for a car for the most part. "
    1
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  • Gansman
    "This is a great dog area there is a dog park, there are people walking their dog at all hours on our street very pleasant three clean well cared for dog section of Los Angeles. "
    1
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  • Gansman
    "This is one of the most amazing Neighborhoods in the United States. Great school culture architecture soul diversity food history life "
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  • Jenny L.
    "Everything is walking distance! Lots of restaurants and the farmer's market is close by. Great neighborhood to meet up with friends."
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  • Justcallmefrank2010
    "There are a lot of trees. The nearby Bellevue Recreational Park is great for jogging/running. The location is convenient to many other great neighborhoods. "
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  • Jenny L.
    "Lots of restaurants, local parks nearby, and farmer’s markets are close. You can walk everywhere. Parking is difficult. "
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  • Sarana_m
    "One of the few truly walkable ones neighborhoods in LA, Silverlake is a great place to live & visit. "
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  • Notolerance
    "There are tons of good neighbors and tons of good restaurants and bars. It is also a safe neighborhood. "
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  • Varsha P.
    "Lots of narrow sidewalks is difficult for the little ones. It is a hipster neighborhood, space to find your tribe. "
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  • Cecille F. P.
    "There are many families in this neighborhood and a community day care center at the park. You’ll see many families walking around the neighborhood. "
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  • Saurabh S.
    "It gets congested around here, esp during rush hour. It can also be quite noisy near large streets. "
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  • Scotlanryan
    "We love the farmers market and the restaurants. It’s walkable and lots of good coffee options. We love walking the reservoir too. "
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  • Mdisla0
    "You see people walking, and picking up after their dogs in the neighborhood. It is safe and comfortable. "
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  • yk
    "People smile and say “hi” to one another. Totally different from anywhere else in Los Angeles. Everyone seems to be looking out for one another. I have a dog and everyone knows his name around my community. The people I meet in my community are some of the most kind, genuine people I am proud to share a neighborhood with. "
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  • Jermaine R.
    "Wall to wall quality restaurants with in waking distance. It's great to take walks around the reservoir."
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  • Mdisla0
    "There are many dog friendly locations in the area. Dog owners are friendly and so are the pups. Community is great for dogs, with parks and nearby hikes."
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  • Jeabragg
    "Dog park at the reservoir and there are lots of places to walk around and dogs are out and about and stuff "
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  • Jmcory
    "None. It’s LA. Perhaps walking the reservoir is an event? Otherwise I don’t know of any. The coffee culture is great, however."
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  • Brenda L. V.
    "People Walk dogs a lot in the neighborhood— and a dog park by the lake..............................."
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  • Matthewaporta
    "I work from home or I commute to LAX. There is a lot of cut through traffic in Silverlake that makes living here more difficult. "
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  • Rebecca J.
    "It’s safe-ish but it’s still a city. Be careful of where you let your kids go unsupervised. I’m a 27 y/o woman and I’ve been accosted by creeps on a semi regular basis."
    1
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  • K
    "There is a halfway house on the corner of Descanso and Robinson. Some people are not aware of this, because both streets are beautiful. It does not belong in our community. It is unsafe and it is the one thing preventing our neighborhood from being the best it can be. The “residents” walk back and forth on Descanso, and I’ve been followed on 3 separate occasions and did not feel safe."
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LGBTQ Local Legal Protections

Michael R. Fukushima, Keller Williams Downtown LA
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
756 Hyperion Ave, Los Angeles, CA 90029 is a 7 bedroom, 5 bathroom, 3,570 sqft multi-family built in 1916. 756 Hyperion Ave is located in Silver Lake, Los Angeles. This property is currently available for sale and was listed by CLAW on Mar 4, 2024. The MLS # for this home is MLS# 24-364747.