25
See all 25 photos
$1,595,000
Est. payment /mo
6 Beds
5 Baths
2,318 SqFt
Open Sun 1PM-3PM
946 Hyperion AVE Los Angeles, CA 90029
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Open House
Sun Aug 30, 1:00pm - 3:00pm
Tue Sep 01, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,318 sqft
Price per Sqft $688
MLS Listing ID 26881833
Bedrooms 6
HOA Y/N No
Year Built 1920
Lot Size 7,352 Sqft
Property Description
A rare four-unit property in the sought-after Silver Lake neighborhood, this distinctive compound features four freestanding bungalows, private outdoor spaces, and six on-site parking spaces just moments from Sunset Boulevard. The configuration includes two 2-bed bungalows (Units 946 and 946 3/4 ) and two 1-bed bungalows (Units 948 and 948 1/2), with the rear 2-bed, 1-bath residence (Unit 946 3/4) currently vacant and available for an owner-user or immediate lease-up. Current gross rental income is $6,405 per month ($76,860 annually), with projected market rents of approximately $10,500 per month ($126,000 annually), offering compelling flexibility and upside in one of Los Angeles' most desirable rental markets. At the front of the property, Unit 946 sits privately behind mature hedging and features 2 beds, 2 baths, and its own outdoor area. Beyond the wrought-iron gate, a shared sitting area provides a welcoming central gathering space, while Unit 948, a 1-bed, 1-bath bungalow, sits separately to the left. Further into the property, the vacant Unit 946 3/4 offers 2 beds and 1 bath and has recently been refreshed with new bamboo flooring and fresh interior paint. The spacious kitchen features abundant cabinetry and granite countertops, while both bedrooms are generously proportioned. The bathroom retains a classic clawfoot tub with shower, and an in-unit washer and dryer adds convenience. Direct access from both the kitchen and rear bedroom leads to a private gated outdoor area with a covered pergola, creating an additional extension of the living space. Unit 948 1/2, a 1 bed, 1 bath bungalow, is also positioned toward the rear of the property and includes its own private backyard patio. Additional amenities include a shared outdoor laundry area, communal sitting space, and a front parking lot with six dedicated spaces - an especially valuable feature in this central Silver Lake location. With four separate residences rather than a traditional multi-unit configuration, the property offers numerous possibilities for an investor, an owner-user, or a multi-generational household. The vacant rear bungalow provides immediate flexibility, while the existing income and potential market rents offer an opportunity to further optimize the property over time. Ideally located near Sunset Boulevard and some of Silver Lake's most popular destinations, including Bacari, Erewhon, and Intelligentsia, the property offers convenient access to neighborhood cafes, restaurants, shopping, and nearby outdoor recreation.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Pool None
Total Parking Spaces 6
Private Pool No
Building
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5427013021
Special Listing Condition Standard
Listed by Lori Harris Keller Williams Realty Los Feliz #02132297
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION