2829-2843 Hyperion Ave
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2829-2843 Hyperion Ave
9,884 SF 51% Leased Retail Building Los Angeles, CA 90027 $6,750,000 ($683/SF)
Investment Highlights
- Highly visible prominent, signalized corner
- Benefit from strong monthly cash flow, approximately $137,173 of Net income
- Current retail mix includes a Pinkberry, pet store, cafe and vet office.
- At the corner of Hyperion Avenue and Rowena Avenue just one block from Trader Joes and Gelson's Silver Lake
- Favorable LAC4-1D zoning with a history of high rents and large demand from residents
- Close proximity to 5 Freeway, centrally located with easy access to Silverlake, Los Feliz, Koreatown, Downtown LA, San Fernando Valley
Executive Summary
This signalized corner retail center presents an investor a unique opportunity to add-value to one of the hippest corners in Silver Lake, surrounded by major grocery tenants, restaurants, bars, and high walking traffic count. The subject building is +/- 10,340 square feet (per CoStar) and situated on a +/- 17,000 square foot parcel of land. The center is currently 50% vacant with the remaining tenant leases expiring in 2025 through 2026, adding significant value-add potential. The center is anchored by Pink Berry, and also includes a popular coffee shop, and veterinary clinic, and a pet store. Excellent opportunity to add additional food, entertainment, fitness, or other uses that will play to the strong retail demand and demographics of this neighborhood. Due to a covenant recorded against the title, this property is not a candidate for residential development at this time.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,884 SF
Building Class
C
Year Built
1986
Price
$6,750,000
Price Per SF
$683
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.58
Lot Size
0.39 AC
Zoning
C4-1D
Parking
15 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former nail salon, bathroom in place.
Former Teashop, Floordrain and plumbing in place
Former Spa, Bathroom in place.
Former Mathnasium, Bathroom in Place.
| Space | Size | Space Use | Position | Available |
| 2835 | 805 SF | Retail | - | Now |
| 2837 | 1,245 SF | Retail | - | Now |
| 2841 | 1,279 SF | Retail | - | Now |
| 2843 | 1,506 SF | Retail | - | Now |
2835
| Size |
| 805 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2837
| Size |
| 1,245 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2841
| Size |
| 1,279 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2843
| Size |
| 1,506 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2835
| Size | 805 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former nail salon, bathroom in place.
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2837
| Size | 1,245 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former Teashop, Floordrain and plumbing in place
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2841
| Size | 1,279 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former Spa, Bathroom in place.
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2843
| Size | 1,506 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former Mathnasium, Bathroom in Place.
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5433-027-030 | Improvements Assessment | $1,298,248 |
| Land Assessment | $3,225,141 | Total Assessment | $4,523,389 |
PROPERTY TAXES
Parcel Number
5433-027-030
Land Assessment
$3,225,141
Improvements Assessment
$1,298,248
Total Assessment
$4,523,389
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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2829-2843 Hyperion Ave
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