842 Hyperion Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath
ACTIVE$1,995,000
842 Hyperion Avenue, Los Angeles, California 90029
0Bed
0Bath
4,514Sqft
7,606Lot
Year Built
1926
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
DW24156385
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.00M(50th), sqft - 4514(67th), beds - undefined(50th), baths - undefined(50th).
Gorgeous and well-maintained Spanish style quadruplex located in a vibrant Silverlake neighborhood. The property consists of four very spacious and 2+1 units each around +/- 1,000 square feet. Each unit also comes with its own garage location on the street level and each has laundry hook-ups. This is an ideal opportunity for new or seasoned investors or an owner-user looking to claim a stake in one of LA's most sought after neighborhoods. The Building is currently 100% occupied with lovely and on-time paying tenants.
Price History
Date
Event
Price
03/05/07
Sold
$1,165,000
04/16/03
Sold
$652,000
09/08/98
Sold
$340,681
Condition Rating
Fair
Built in 1926, this property is aged but appears to be maintained. The exterior and hardwood floors in the living areas look to be in good condition. However, the bathroom is significantly outdated with a pedestal sink, hexagonal floor tiles, and basic fixtures, suggesting no major renovation in several decades. While the kitchen is not pictured, it is likely in a similar dated condition. The property analysis notes the 'Age of Property' and 'Undisclosed Interior Renovation Status' as weaknesses, indicating a need for modernization. It is functional and occupied, but requires substantial updates to meet current aesthetic and system standards, aligning with the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Prime Location: Situated in the vibrant and highly sought-after Silverlake neighborhood of Los Angeles, offering strong tenant demand and potential for property appreciation.
Strong Income Potential: A well-maintained quadruplex with four spacious 2+1 units, currently 100% occupied by 'lovely and on-time paying tenants,' ensuring immediate and stable cash flow.
Desirable Unit Amenities: Each unit is approximately 1,000 square feet and includes its own street-level garage and laundry hook-ups, features highly valued by tenants in this market.
Architectural Charm & Condition: The property boasts a 'gorgeous and well-maintained Spanish style,' which adds aesthetic appeal and suggests a lower immediate need for major exterior repairs.
Owner-User Opportunity: Presents an ideal opportunity for an owner-user to live in one unit while generating income from the others, broadening the potential buyer pool.
Cons
Age of Property: Built in 1926, the property's age may imply potential for outdated systems (plumbing, electrical) and higher long-term capital expenditure for maintenance and upgrades.
Rent Control Exposure: As an older multi-unit property in Los Angeles, it is highly likely subject to local rent control ordinances, which could limit future rent increases and impact investment returns.
Undisclosed Interior Renovation Status: While described as 'well-maintained,' the listing does not detail recent interior renovations or upgrades within the units, which may require significant investment to modernize and maximize rental income.