756 Hyperion Avenue, Los Angeles, CA 90029 - Berkshire Hathaway HomeServices California Properties

756 Hyperion Avenue, Los Angeles, CA 90029

$1,350,000 Approx. USD 7 beds, 5 baths
3,570 sqft

Listing Agent


Michael R. Fukushima | mfukushima@total-realtygroup.com
Lic#: 01380445
Broker: Courtesy of Keller Williams Los Angeles

Co Listing Agent


Stephen F. Watson | swatson@total-realtygroup.com
Lic#: 01187813
Broker: Courtesy of Keller Williams Los Angeles

Agent Remarks

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 Proforma Gross Rent Multiplier (GRM) of 10.1 with a Proforma CAP rate of 7.0%, 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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 24364747
List price is $1,350,000 Reduced by $150,000 on 6/11/2025
Price: $1,350,000
Beds: 7
Baths: 5
Built in 1916
3,570 sqft
0.17 acres
Lot size: 0.1725
County: Los Angeles
Zoning: LARD2
Parking description: On Street
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 6/23/2025

 Days On Market (DOM): 362

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.085129, -118.283722.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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