734 Hyperion Ave, Los Angeles, CA 90029

Property Description

Unique opportunity to purchase a trophy 4 unit Silverlake property located at 734 Hyperion Avenue. Perfect for an Investor with great current cash flow+further rent upside, or a Perfect OWNER-USER opportunity to occupy a unit & have 3 rental units to pay your mortgage with. Featuring a great unit mix with four 3+2 units, and they're all HUGE units with 5,090 total SF (approx. 1,272 SF/unit)(Title shows as 8+4 total so buyer to verify). The current income is very solid at: $10,548/mth; $126,576/yr with further rent upside potential. At the $1.8M asking price, the property is: $450,000/unit; a 14.22 current GRM; a 11.03 market GRM; a 4.65% current CAP; a 6.44% market CAP; and $354/SF. 
 
 A+ location in uber hot Silverlake at the corner of Hyperion Ave & Hoover. This property is located in the heart of the action within walking distance to Bellevue Recreation Center, and a short walk to a ton of eclectic shops; restaurants/coffee shops & bars. The property is very conveniently located in close proximity to: the 101 Freeway; Santa Monica Blvd; and Sunset Blvd for ease of commuting. The property is also only 0.8M from the Vermont/SM Blvd Metro Red line station, and 1M from the Vermont/Beverly Blvd station so leaving the car at home is a great option too. This Silverlake area will only continue to appreciate as billions of development $ flow into this immediate area & adjacent Downtown LA.