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Listed by Michael R. Fukushima - DRE #01380445 - Keller Williams Realty Downey 562-334-1500 Listing Courtesy of: DRE #01187813

$1,650,000

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756 Hyperion Avenue Los Angeles, CA 90029

Cluster Residence

7 Beds

5 Baths

3,570 Sq. Ft.

0.17 Acre Lot

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Last updated on 1/9/2025 4:28 AM

Listing Details

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 Continue reading

MLS#

24364747

Property Type

Cluster

Status

Bedrooms

Bathrooms

Year Built

1916

Square Feet

3,570 sq. ft

Lot Size