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2015 Hyperion Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 2 bed, 1 bath

2015 Hyperion Avenue, Los Angeles, California 90027 home-pic-0
ACTIVE$850,000
2015 Hyperion Avenue, Los Angeles, California 90027
2Beds
1Bath
756Sqft
9,580Lot
Year Built
1924
Close
-
List price
$850K
Original List price
$899K
Price/Sqft
$1,124
HOA
-
Days on market
-
Sold On
-
MLS number
25559237
Home ConditionPoor
Features
Good View: Hills
ViewHills

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(5th), sqft - 756(4th), beds - 2(15th), baths - 1(6th).

Your chance to restore, develop, and create in the Franklin Hills, at a price rarely seen for this coveted area. This 1924 Spanish Bungalow sits on a 9,577 square foot lot, delivered vacant and ready for your vision. The 2-bedroom, 1-bath residence retains period details including a hearth and built-in buffet, and includes a 1-car garage. Zoned R1 and [Q]C1-1XL, the lot offers a versatile canvas for expansion or new construction. Located on a prominent stretch of Hyperion Avenue between Silver Lake and Los Feliz, the property is just minutes from Trader Joe's, Gelson's, Magpies, and Broome Street, with easy access to Hollywood, NELA, and the 5 freeway.

Nearby schools

5/10
Micheltorena Street Elementary School
Public,•K-5•0.7mi
8/10
Franklin Avenue Elementary School
Public,•K-6•0.8mi
9/10
Ivanhoe Elementary School
Public,•K-5•0.8mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.9mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.0mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.1mi
4/10
Grant Elementary School
Public,•K-6•2.2mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.4mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.5mi
8/10
John Marshall Senior High School
Public,•9-12•0.6mi
6/10
Hollywood Senior High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
08/19/25
Price Change
$850,000
07/02/25
Listing
$899,000
Condition Rating
Poor
Built in 1924, this property is over 50 years old and shows no evidence of major renovations in the past several decades. The kitchen features original-style cabinetry, dated tile countertops, and an old ceiling fan, with no visible modern appliances, indicating a complete overhaul is needed. The bathroom is similarly outdated with a basic vanity, old tile, and fixtures. While the structure appears sound and retains period details, the description explicitly states it's 'ready for your vision' and a 'chance to restore, develop, and create,' which aligns with a property requiring substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons

Pros

Premium Location & Accessibility: Situated in the highly desirable Franklin Hills, offering excellent access to Silver Lake, Los Feliz, major amenities (Trader Joe's, Gelson's), entertainment, and the 5 freeway.
Substantial Development Potential: A generous 9,577 sqft lot with flexible R1 and [Q]C1-1XL zoning provides a significant opportunity for expansion or new construction.
Attractive Value Proposition: Positioned at a competitive price point for the coveted Franklin Hills area, offering potential for significant equity growth through development.
Vacant & Ready for Vision: Delivered vacant, allowing for immediate commencement of restoration, renovation, or new build projects without tenant complications.
Charming Period Architecture: The 1924 Spanish Bungalow retains desirable original details like a hearth and built-in buffet, appealing to those seeking character.

Cons

Limited Existing Structure: The current 756 sqft, 2-bedroom, 1-bath residence is small and likely requires extensive modernization or complete redevelopment.
Significant Renovation/Development Costs: The property is marketed as a 'canvas for expansion or new construction,' indicating a substantial additional investment will be necessary to realize its full potential.
Age-Related Maintenance: As a 1924 build, the property may have aging infrastructure and systems that will require considerable repair, upgrade, or replacement.

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