756 Hyperion Ave
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756 Hyperion Ave
4 Unit Apartment Building $1,650,000 ($412,500/Unit) 5.92% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Excellent location in Silver Lake, nearby to Virgil Village and Sunset Junction!
- One stand alone 1 Bedroom + 1 Bathroom Bungalow!
- Two units will be delivered vacant at close of escrow!
- 4 units total!
- Triplex in rear of property with (2) 1 Bedroom units and (1) 4 Bedroom + 2 Bathroom unit!
- Great Owner Occupy or Investment Opportunity!
Executive Summary
Charming California Bungalow and Midcentury Triplex next to Sunset Junction!
This property features a 1 bed/ 1 bath bungalow built 1916 for 646 SF in the front of the property and a triplex built in 1965 with one 4 bed/ 2 bath unit and two 1 bed/ 1 bath units for a total of 2,934 SF in the rear of the property. The 4 bed unit and one 1 bed unit will be delivered vacant at the close of escrow. The total rentable area is 3,580 SF and the total lot size is 7,512 SF. The property contains on-site parking for about up to 5 to 6 cars. Take a short walk up Hyperion or Hoover to Sunset Blvd and see all Sunset Junction has to offer with its variety of retail and restaurants. Take a short walk to Virgil or Hoover and shop and eat in Virgil Village as well. This property is in such a central location that every Buyer who comes and see this property will think buying it for themselves to be kismet.
This property features a 1 bed/ 1 bath bungalow built 1916 for 646 SF in the front of the property and a triplex built in 1965 with one 4 bed/ 2 bath unit and two 1 bed/ 1 bath units for a total of 2,934 SF in the rear of the property. The 4 bed unit and one 1 bed unit will be delivered vacant at the close of escrow. The total rentable area is 3,580 SF and the total lot size is 7,512 SF. The property contains on-site parking for about up to 5 to 6 cars. Take a short walk up Hyperion or Hoover to Sunset Blvd and see all Sunset Junction has to offer with its variety of retail and restaurants. Take a short walk to Virgil or Hoover and shop and eat in Virgil Village as well. This property is in such a central location that every Buyer who comes and see this property will think buying it for themselves to be kismet.
Financial Summary (Actual - 2023) 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
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,650,000 | Property Subtype | Apartment |
| Price Per Unit | $412,500 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.92% | Building Size | 3,570 SF |
| Gross Rent Multiplier | 13.3 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1916 |
| Property Type | Multifamily | Parking Ratio | 1.68/1,000 SF |
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| Gross Rent Multiplier | 13.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 3,570 SF |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 1.68/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,675 | 893 |
| 4+2 | 1 | $5,500 | 1,562 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5427-011-026 | Improvements Assessment | $88,667 (2024) |
| Land Assessment | $31,452 (2024) | Total Assessment | $120,119 (2024) |
PROPERTY TAXES
Parcel Number
5427-011-026
Land Assessment
$31,452 (2024)
Improvements Assessment
$88,667 (2024)
Total Assessment
$120,119 (2024)
zoning
| Zoning Code | LARD2 |
| LARD2 |
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756 Hyperion Ave
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