2829-2843 Hyperion Ave - Freestanding FOR SALE


Los Angeles, CA 90027
$6,750,000 USD
415-378-5464
2829-2843 Hyperion Ave, Los Angeles, CA for Sale
$6,750,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

2829-2843 Hyperion Ave
Los Angeles, CA 90027


HIGHLIGHTS

  • Highly visible prominent, signalized corner
  • At the corner of Hyperion Avenue and Rowena Avenue just one block from Trader Joes and Gelson's Silver Lake
  • Benefit from strong monthly cash flow, approximately $137,173 of Net income
  • Favorable LAC4-1D zoning with a history of high rents and large demand from residents
  • Current retail mix includes a Pinkberry, pet store, cafe and vet office.
  • Close proximity to 5 Freeway, centrally located with easy access to Silverlake, Los Feliz, Koreatown, Downtown LA, San Fernando Valley

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C4-1D

APN/PARCEL ID

5433-027-030

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.