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Jeffrey Payatt

jpayatt@gmail.com +1(805) 886-2324

$ 1,775,000

Est. payment | -/mo

7 Beds

5 Baths

3,570 SqFt

Save

$ 1,775,000

Est. payment | -/mo

Save

7 Beds

5 Baths

3,570 SqFt

OPEN HOUSE

Tue Nov 19, 11:00am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,570 sqft

Price per Sqft $497

MLS Listing ID 24-364747

Bedrooms 7

Year Built 1916

Lot Size 7,514 Sqft

Acres 0.1725

Property 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

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Garage On street

Garage Spaces 4.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Realty Downey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 886-2324

jpayatt@gmail.com

756 Hyperion Ave Los Angeles, CA 90029