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1820 Hyperion Ave

Los Angeles, CA 90027
  • $2,275,000
  • STATUS: Active
  • ON SITE: 224 Days
  • ID#: 22-127667
UPDATED: 51 min ago
$2,275,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,674
    SQFT
  • $619
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Description

PRICE REDUCTION by $225,000 and possibility of commercial unit being delivered 100% vacant or partially vacant for owner/users. With recent capital improvements of over $250,000, this mixed-use asset has strong commercial and residential tenancy with stabilized rental income, boasting a current cap rate of 5.38% (including immediate opportunity for billboard income). The commercial unit, occupied by Casetta Group, a leading hospitality brand and management company, is a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light, and conveniently on a NNN lease. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant in-place returns with excellent tenancy in place with minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 22 months remaining, interest-only, at 0.50%. Buyer to verify any/all information including but not limited to the zoning, building square footage, lot size, Conditional Use Permit CUP, etc. Agents and brokers do not make any guarantees or representations to the accuracy of any of the information provided herein.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-27T16:43:10.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/125811424
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1820 Hyperion Ave Los Angeles, CA 90027

  • Price: $2,275,000
  • Status: Active
  • On Site: 224 Days
  • Updated: 51 min ago
  • ID#: 22-127667
0
Beds
0
Baths
0
½ Baths
0.09
Acres
3,674
SQFT
$619
$/SQFT
1937
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
PRICE REDUCTION by $225,000 and possibility of commercial unit being delivered 100% vacant or partially vacant for owner/users. With recent capital improvements of over $250,000, this mixed-use asset has strong commercial and residential tenancy with stabilized rental income, boasting a current cap rate of 5.38% (including immediate opportunity for billboard income). The commercial unit, occupied by Casetta Group, a leading hospitality brand and management company, is a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light, and conveniently on a NNN lease. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant in-place returns with excellent tenancy in place with minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 22 months remaining, interest-only, at 0.50%. Buyer to verify any/all information including but not limited to the zoning, building square footage, lot size, Conditional Use Permit CUP, etc. Agents and brokers do not make any guarantees or representations to the accuracy of any of the information provided herein.
Exterior Features

Lot Size Area 4021 Other Structures None Parking Garage DrivewayCovered Parking Total Parking 2

Interior Features

Baths Total 0.00 Cooling Central Equipment Other Heating Central

Property Features

Assessed Total Value 158693 Gross Income 160049 Gross Operating Income 160049 Like Units1 1 Net Operating Income 122279.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37752 Type Of Units Investment Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Eric Dilanian DRE#01951699 of Remax Commercial And Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-27T16:43:10.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064