2829 Hyperion Avenue, Los Angeles CA, 90027
(Active)
$9,849,999
|
9,884 sqft
|
MLS# 24350241
Last Updated: 5/8/2024 2:31 PM
Description for
2829 Hyperion Avenue
Los Angeles, CA 90027
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.
Price
$9,849,999
Los Angeles
9,884 (approx)
24350241
Active
Description
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.
Listing Information
| Property Type: Business Opportunities, 1 Story | ||
| 0.4 Acres | Other | 9,884 (approx) |
| 1986 | 1 | |
1 Total
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
C4-1D
Driving Directions
South on Hyperion Avenue, Building is on the northwest corner of Hyperion and Rowena
Financial Considerations
| 5433027030 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90027 has a population of 3,956,168.
The median household income in Los Angeles, California 90027 is $73,214. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90027 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/22/2024 | Active | $9,849,999 USD |
|