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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 1,775,000

Est. payment | -/mo

7 Beds

5 Baths

3,570 SqFt

Save

$ 1,775,000

Est. payment | -/mo

Save

7 Beds

5 Baths

3,570 SqFt

OPEN HOUSE

Tue Nov 19, 11:00am - 1:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,570 sqft

Price per Sqft $497

MLS Listing ID 24364747

Bedrooms 7

HOA Y/N No

Year Built 1916

Lot Size 7,514 Sqft

Property Description

Prime Investment Opportunity Quadplex Next to Virgil Village and Sunset Junction! 756 Hyperion Ave presents a captivating opportunity near the heart of Virgil Village and Sunset Junction, boasting a charming California Bungalow and Midcentury Triplex. This small hillside property features a driveway that leads to a triplex in the rear of the property. The hillside through portions of the property could provide unobstructed views of the Hollywood sign and the Griffith Observatory. The property consists of a 1 bed/1 bath bungalow constructed in 1916spanning 646 SF renovated in 2015, alongside a triplex built in 1965, featuring one 4 bed/2 bath owner's unit and two 1 bed/1 bath units, totaling 2,934 SF. Notably, both the owner's unit and one of the 1 bed units in the triplex will be vacant upon close of escrow. Currently, the property demonstrates a Gross Rent Multiplier (GRM) of 15.32 with a cap rate of4.4%, indicating its strong investment potential. Additionally, the spacious lot offers ample parking space and potential for an Additional Dwelling Unit (ADU) at the rear. Conveniently situated, a stroll up Hyperion or Hoover leads to the vibrant Sunset Blvd., renowned for its diverse retail and dining options at Sunset Junction. Similarly, exploring south on Virgil or Hoover provides access to the bustling Virgil Village scene. This property's central location coupled with its remarkable upside potential makes it an enticing investment opportunity for discerning buyers

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Garage On Street

Parking Type On Street

Total Parking Spaces 4

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5427011026

Special Listing Condition Standard

Listed by Michael R. Fukushima • Keller Williams Realty Downey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

756 Hyperion AVE Los Angeles, CA 90029

Josh Gregorio

OPEN HOUSE

Key Details

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Interior

Exterior

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756 Hyperion AVE