• Asking Price $1,950,000
  • Estimated Value: $2,044,973

  • 756 HYPERION AVE LOS ANGELES, CA 90029

  • 7 Beds 5 Baths 3,570 SqFt
  • Multi-family (5 or more units) / Resale (MLS)
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Property Details for 756 HYPERION AVE, LOS ANGELES, CA 90029

Features

  • Price/sqft: $546
  • Lot Size: 7512 sq. ft.
  • Total Units: 4
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Heating: 24
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1916
  • Property ID: 863761384
  • MLS Number: 24-364747
  • Parcel Number: 5427-011-026
  • Property Type: Multi-family (5 or more units)
  • County: LOS ANGELES
  • Legal Description: LINCOLNIAN HEIGHTS LOT/SEC 23 BLK/DIV/TWN F
  • Zoning: LARD2
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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

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Property Brokerage: Keller Williams Downtown LA 700 S. Flower St. Suite 2900 Los Angeles CA 90017
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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