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    976 Hyperion Avenue

    Los Angeles (City), CA 90029
    • $1,200,000
    • STATUS: Active Under Contract
    • ON SITE: 152 days
    • ID#: P1-3626
    Under Contract
    UPDATED: 106 min ago
    $1,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    This is an amazing income and development opportunity in the ever popular Sunset Junction neighborhood of Silverlake. The main house is a two bedroom, two bathroom house and comes with a finished loft space in the attic with another bathroom. Additionally the front porch was enclosed several years ago and offers an additional living space with bathroom and kitchenette. The rear of the property provides two separate bungalows each with their own private yard space and all come with stunning views of the Griffith Observatory and the world famous Hollywood sign. These highly desirable units are just steps from all the attractions on Sunset Blvd and can be used to rent on a short term basis or to longer term tenants and then there is the appealing development potential on this LARD2 zoned lot. Offerings like these do not come around often...

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/114823358
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    976 Hyperion Avenue Los Angeles (City), CA 90029

    • Price: $1,200,000
    • Status: Active Under Contract
    • Updated: 106 min ago
    • ID#: P1-3626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1912
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    This is an amazing income and development opportunity in the ever popular Sunset Junction neighborhood of Silverlake. The main house is a two bedroom, two bathroom house and comes with a finished loft space in the attic with another bathroom. Additionally the front porch was enclosed several years ago and offers an additional living space with bathroom and kitchenette. The rear of the property provides two separate bungalows each with their own private yard space and all come with stunning views of the Griffith Observatory and the world famous Hollywood sign. These highly desirable units are just steps from all the attractions on Sunset Blvd and can be used to rent on a short term basis or to longer term tenants and then there is the appealing development potential on this LARD2 zoned lot. Offerings like these do not come around often...
    Exterior Features

    Lot Features Sprinklers None Number Of Separate Electric Meters 3 Parking Features DrivewayGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View City LightsMountain(S) View YN Yes

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Community Features Street LightsSidewalks Garage YN Yes Gross Income 63600 Gross Scheduled Income 63600 Insurance Expense 1000 Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 53600 New Taxes Expense 15000 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 10000 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 120

    Listing provided courtesy of Matthew Helganz of Meridian Capital Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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