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$2,550,000

Beds
Unknown
sq ft
3,674

1820 Hyperion Ave, Los Angeles, CA 90027

1820 Hyperion Ave

Los Angeles, CA 90027

  • 49 days on market
Located on one of the most desirable stretches of Silver Lake going into Los Feliz lies this remarkable mixed-use office and live/work opportunity. Perfect for the owner/user or investor. The commercial building is a total of 3,674 RSF on a 4,021 RSF lot. The office space is 1,895 RSF and will be delivered 100% vacant. The live/work space is 1,779 RSF, and is occupied until February 28, 2026. Bringing in $2,513/mo, as an owner/user you can occupy 51% of the property at close of escrow, which allows one to be qualified for an SBA loan. The vacant office space features poured concrete floors, two executive offices, two junior offices, one shared work space perfect for assistants or freelancers, as well as an open office bay for additional freelancers or joint working. A large conference room features floor to ceiling windows, presenting great changing light throughout the day. The office kitchen is centrally located and provides ample storage, the unit also features two bathrooms one for guests located just off the lobby, as well as a second executive bathroom. The unit also featured three skylights, located throughout the space. Additionally, the potential of subdividing the office into two separate leased offices exists for further investment opportunity. The 1,779 RSF live/work, residence portion of the property is composed of a Japanese inspired two bedroom one bathroom artist loft, featuring custom millwork throughout; a perfect live work space for the creative spirit with minimal landlord responsibilities. The property comes with parking for two: the one car garage, plus a one-car gated driveway. Ample metered parking exists along Hyperion in addition to the nearby residential streets. Conveniently located to the best Silver Lake has to offer, including iconic restaurants, some of the city's best coffee and Erewhon.

Details

Property type

Est. home value

$1,791,156

Lot size

4,021 sq ft

Price per sq ft

$695

Year built

1937

HOA

No

Price History

11/04/2024
CLAW

CLAW #24458383

Listed
$2,550,000
+25.62%
11/06/2023
CLAW

CLAW #23316875

Sold
$2,030,000
+28.89%
03/31/2021
CLAW

CLAW #20614406

Sold
$1,575,000

Schools & Community

Neighborhood: 

Silver Lake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Michelle Aimee Plochere

Loan start date

December 2020

Original loan amount

$1,190,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Seller take-back

Seller

Montecito Venture Partners Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 3:55 PM

Listing updated: 12/05/2024 at 3:10 AM

Listed by: Daria Greenbaum, Compass Phone #: (323) 593-6999

MLS: CLAW #24458383

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