2829 Hyperion Avenue, Los Angeles

$9,849,999

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0 Bed
0 Bath
.4 Acre
0 Garage

This signalized corner retail center presents an investor a unique opportunity to add-value to one of the hippest corners in Silver Lake, surrounded by major grocery tenants, restaurants, bars, and high walking traffic count. The subject building is +/- 10,340 square feet (per CoStar) and situated on a +/- 17,000 square foot parcel of land. The center is currently 50% vacant with the remaining tenant leases expiring in 2025 through 2026, adding significant value-add potential. The center is anchored by Pink Berry, and also includes a popular coffee shop, and veterinary clinic, and a pet store. Excellent opportunity to add additional food, entertainment, fitness, or other uses that will play to the strong retail demand and demographics of this neighborhood. Due to a covenant recorded against the title, this property is not a candidate for residential development at this time.

Essential Information

MLS® #
24350241
Price
$9,849,999
Bathrooms
0.00
Acres
0.40
Year Built
1986
Type
Commercial Sale
Status
Active

Community Information

Address
2829 Hyperion Avenue
Area
637 - Los Feliz
City
Los Angeles
County
Los Angeles
Zip Code
90027
Senior Community
N

Interior

# of Stories
1

Additional Information

Date Listed
January 22nd, 2024
Days on Market
102
Zoning
C4-1D

Listing Details

Agent
Oron Maher
Office
Maher Commercial Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 4:10am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.