842 Hyperion Ave
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842 Hyperion Ave
4 Unit Apartment Building $1,995,000 ($498,750/Unit) 4.23% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Fully-Occupied Rental Property
- Located in Desirable Silver Lake Neighborhood
- Motivated Seller
- Charming Exterior
Executive Summary
Ally Commercial Real Estate is proud to present 4 units in super prime Silverlake. 842 Hyperion Ave is a gorgeous and well-maintained quadruplex. Each unit consists of a very spacious and clean 2 bed and 1 bath layout. Every unit has there own laundry room with hook-ups and their own private 1 car garage located right off the street. The building is 100% occupied with great and on-time paying tenants. Main entrance to the property is gated and secured with a call box.
Property Facts
| Price | $1,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $498,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.23% | Building Size | 4,514 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.13 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1926 |
| Property Type | Multifamily | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,995,000 |
| Price Per Unit | $498,750 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 16.13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,514 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1.77/1,000 SF |
Unit Amenities
- Kitchen
- Hardwood Floors
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,100 |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 5427-012-021 | Improvements Assessment | $302,103 |
| Land Assessment | $1,228,136 | Total Assessment | $1,530,239 |
PROPERTY TAXES
Parcel Number
5427-012-021
Land Assessment
$1,228,136
Improvements Assessment
$302,103
Total Assessment
$1,530,239
zoning
| Zoning Code | RD2, Los Angeles (Restricted Density Multiple Dwelling) |
| RD2, Los Angeles (Restricted Density Multiple Dwelling) |
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842 Hyperion Ave
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